Pursuant to Rule 13a-16 or 15d-16 of the
São Paulo, SP, Brazil
04538-132
under cover Form 20-F or Form 40-F. Form 20-F ___X___ Form 40-F _______
Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes _______ No ___X____
COMPANHIA SIDERÚRGICA NACIONAL
Publicly-held Company Corporate
Taxpayer ID (CNPJ/ME) No. 33.042.730/0001-04
Company Registry (NIRE) No. 35-3.0039609.0
NOTICE TO THE MARKET
(resubmission of the Notice to the Market published on October 16, 2024, in response to a request from the CVM)
Companhia Siderúrgica Nacional (B3: CSNA3; NYSE: SID) (“CSN” or “Company”) hereby informs its shareholders and the market in general that, in a Board of Directors Meeting (“BDM”) held on October 15, 2024, it was decided to approve a Non-Binding Proposal (“Term Sheet”) with Itochu Corporation for the sale of a minority stake of up to 11% (eleven percent) in its subsidiary CSN Mineração (B3: CMIN3) (“CMIN”), at a price per share of R$7.50 (seven reais and fifty cents) (“Potential Transaction”). The manner of payment, any adjustments, and other conditions of the deal are still under negotiation and have not been finalized by the parties.
The consummation of the Potential Transaction is subject to the prior approval of CSN and ITOCHU Corporation, and the final terms are subject to the execution of definitive documents, which will include usual conditions for transactions of this nature, such as approval by the Administrative Council for Economic Defense – CADE. CSN understands that the governance and control structure of CMIN will not be affected.
CSN commits to keeping its shareholders and the market in general duly informed about any relevant developments related to this negotiation, in accordance with applicable legislation.
São Paulo, October 16, 2024
Antonio Marco Campos Rabello
Chief Financial and Investor Relations Officer
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COMPANHIA SIDERÚRGICA NACIONAL | |
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By: |
/S/ Benjamin Steinbruch
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Benjamin Steinbruch
Chief Executive Officer | |
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By: |
/S/ Antonio Marco Campos Rabello
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Antonio Marco Campos Rabello
Chief Financial and Investor Relations Officer | |
This press release may contain forward-looking statements. These statements are statements that are not historical facts, and are based on management's current view and estimates of future economic circumstances, industry conditions, company performance and financial results. The words "anticipates", "believes", "estimates", "expects", "plans" and similar expressions, as they relate to the company, are intended to identify forward-looking statements. Statements regarding the declaration or payment of dividends, the implementation of principal operating and financing strategies and capital expenditure plans, the direction of future operations and the factors or trends affecting financial condition, liquidity or results of operations are examples of forward-looking statements. Such statements reflect the current views of management and are subject to a number of risks and uncertainties. There is no guarantee that the expected events, trends or results will actually occur. The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, and operating factors. Any changes in such assumptions or factors could cause actual results to differ materially from current expectations.