Mondo Visione  Dec 5  Comment 
Singapore Exchange (“SGX”), together with the Association of Banks in Singapore (ABS), the Institute of Singapore Chartered Accountants (ISCA), the Law Society of Singapore and the Singapore Institute of Directors (SID), is launching a guide...
The Hindu Business Line  Sep 28  Comment 
Medical simulation start-up Mimyk, a spin-off from the Indian Institute of Science (IISc) - Bengaluru, and incubated at the Society for Innovation and Development (SID), has bagged the Start JLM Delh...
Motley Fool  Jun 7  Comment 
It's been rough overall in Brazil, but it was company-specific news that hit Companhia Siderurgica Nacional last month.
Motley Fool  May 19  Comment 
One day after a presidential bribery scandal tanked the Brazilian market, stocks are rebounding.
guardian.co.uk  Jan 3  Comment 
Senior independent director arrived just two years ago, and shareholders deserve an explanation Richard Cousins’ arrival as a non-executive director of Tesco was greeted with much fanfare in October 2014. It came soon after the supermarket...
Forbes  Sep 9  Comment 
In trading on Friday, non-precious metals & non-metallic mining shares were relative laggards, down on the day by about 3.8%.  Helping drag down the group were shares of Companhia Siderurgica Nacional (SID), down about 8.4% and shares of Cliffs...
Forbes  Aug 8  Comment 
You can take the man out of the sports information department, but you can’t take the SID out of the man. That’s why the executive director of the College Football Playoff is in Rio spending his vacation as a volunteer at the 2016 Summer...
Motley Fool  Aug 3  Comment 
Teck and CSN are both diversified foreign companies with mining operations, but they make money in very different locales.


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SID is a fully integrated Brazilian steel company that as the name implies used to be a state-owned company until 1993. Full integration means that SID can not only produce steel products that are in high demand, but also owns iron ore mines, railroads, and sea ports.

It was privatized and acquired by a Brazilian group headed by the Steinbruch family.


The company produces hot- and cold-rolled flat steel, galvanized sheets, and tin plates for the packaging, automotive, and construction industries. Companhia Siderurgica Nacional's integrated steel-making complex in Latin America consists of mines, steel mills, railroads, ports, services, and distribution centers with the capacity to produce five million tons of crude steel per year. The company is engaged in the mining of iron ore, limestone, and dolomite in the State of Minas Gerais; this vertical integration of the firm into raw material supply means that CSN is very well positioned with respect to its steelmaking production costs[1]. Companhia Siderurgica Nacional maintains strategic investments in railroads, electricity, and ports to cater to the needs of the Presidente Vargas mill and to improve the company's other activities. The company exports around 40% of total sales volumes. United States and Europe each accounts for more than 30% of exports, Asia for 10 to 15%, and Latin America for 10%. China represents 40% of Asian sales. Total production capacity in thousands of tons per year is as follows: hot-rolled flat steel (1,440), tin plates (1,100), cold rolled flat steel (860), and galvanized sheets (1900).

Trends and Forces

In April 2011, the Brazilian government replaced Vale's chief executive officer Roger Agnelli. Many industry observers interpreted this step to reflect government dissatisfaction with the under-investment by Vale in steelmaking in Brazil. If this is so, it seems inevitable that Agnelli's successor will place emphasis on converting a greater proportion of Vale's iron ore into higher value-added steel products (rather than just exporting much of this ore) meaning that competition in the Brazilian steel sector can be expected to get fiercer in the coming years.


  1. World cost curve for hot rolled steel coil
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