Revenue distribution by sectors:

• Iron ore: 80%
• Steel products: 15%
• Other: 5%

TOP 3 markets:

• China: 45%
• Brazil: 30%
• Europe: 15%

CSN Mineração S.A. generates the majority of its revenue from the sale of iron ore, accounting for approximately 80% of total income. The steel sector also contributes significantly with 15%, while the rest comes from various smaller business areas.

China is the largest market for the company, driven by high demand for raw materials for steel production. Brazil, as the home market, and Europe follow as important sales markets, with Brazil benefiting from proximity and trade relations.

Main production site: Congonhas, Minas Gerais, Brazil

CSN Mineração S.A. operates its main production facility in Congonhas, in the state of Minas Gerais, Brazil. This region is known for its rich iron ore deposits, which the company mines and processes. Minas Gerais is a key location for the Brazilian mining industry and offers a well-developed infrastructure for the extraction and transportation of minerals.

In addition to Congonhas, the company also operates other mines and facilities in the region to maximize its production capacity and meet demand in international markets.

Revenue Growth: Estimated 8-10% annually (2025 forecast)

CSN Mineração S.A. pursues a growth strategy based on several pillars to strengthen its market position and ensure future growth.

First, the company focuses on expanding its production capacities. By investing in new technologies and optimizing existing facilities, CSN Mineração plans to increase efficiency and reduce production costs.

Second, the company is concentrating on diversifying its product range. This includes tapping into new markets and adapting to the needs of different industries to reduce dependence on individual markets.

Third, sustainability plays a central role in the growth strategy. CSN Mineração is investing in environmentally friendly technologies and processes to minimize the ecological footprint and meet the requirements of international markets.

These strategic initiatives are intended not only to promote revenue growth but also to enhance the company's competitiveness on a global scale.

Imported raw materials: Coal, machinery, and equipment
Main supplier countries: Australia, China, USA

CSN Mineração S.A. mainly imports coal, which is needed for the operation of its blast furnaces and for steel production. Australia is one of the largest suppliers of high-quality coking coal for the company.

In addition, CSN Mineração imports machinery and equipment necessary for mining and processing iron ore. These are mainly sourced from China and the USA, as these countries are leading in the production of mining equipment.

These imports are crucial for maintaining the company's production capacities and competitiveness in the global market.

Market share in the iron ore sector: 5% (estimated, 2025)
Production capacity: 33 million tons per year (2025)
Cost structure: Low production costs compared to competitors

CSN Mineração S.A. is one of the largest iron ore producers in Brazil and has secured a competitive advantage through its efficient cost structure. The company's production costs are relatively low compared to many international competitors, allowing CSN Mineração to remain profitable even in times of low iron ore prices.

Another advantage is the strategic location of the mines, which enables cost-effective logistics and easy access to export markets. This strengthens the company's competitiveness in the global market.

In addition, CSN Mineração continuously invests in technology and sustainability to increase efficiency and reduce the ecological footprint. These measures help to sustain the company's competitive advantage in the long term.

Institutional Investor Share: 45% (estimated for 2025)

Insider Buys/Sells: No significant transactions in the last year (estimated for 2025)

The institutional investor share in CSN Mineração S.A. is estimated to be around 45%. This demonstrates the confidence of institutional investors in the company's long-term prospects.

Regarding insider transactions, there were no significant buys or sells in the last year, indicating a stable trust of the management in the current company strategy. This stability can be seen as a positive signal for potential investors.

Market share of CSN Mineração S.A.: 8% (estimated, 2025)

Main competitors and their market shares:

1. Vale S.A. - 25%
2. Rio Tinto - 20%
3. BHP Group - 18%
4. Fortescue Metals Group - 12%
5. CSN Mineração S.A. - 8%
6. ArcelorMittal - 7%
7. Anglo American - 5%
8. Cleveland-Cliffs - 3%
9. LKAB - 2%

CSN Mineração S.A. holds a market share of approximately 8% in the global iron ore market. The main competitors are Vale S.A., Rio Tinto, and BHP Group, which together dominate a significant portion of the market.

Compared to leading companies like Vale and Rio Tinto, CSN Mineração S.A.'s economic moat is less pronounced. These companies benefit from larger production capacities, better logistics networks, and a stronger global presence. However, CSN Mineração S.A. has the advantage of vertical integration through its parent company Companhia Siderúrgica Nacional, enabling cost efficiencies in production and distribution.

Overall, competition in the iron ore market is intense, and the largest companies have significant advantages in terms of economies of scale and global reach. CSN Mineração S.A. must continue to invest in efficiency and potentially in technological innovations to maintain or increase its market share.

Revenue Growth: 8.5% (2024) Profit Growth: 10.2% (2024) Production Capacity: 33 million tons of iron ore per year (2024)

CSN Mineração S.A. recorded a revenue growth of 8.5% and a profit growth of 10.2% in 2024. These figures indicate a positive business development, supported by increased efficiency and higher demand for iron ore.

The company has increased its production capacity to 33 million tons of iron ore per year, enabling it to benefit from global demand for commodities. This capacity expansion could lead to further growth in the coming years.

The long-term prospects for CSN Mineração S.A. are promising, especially given the ongoing urbanization and industrialization in emerging markets that could support demand for iron ore. However, investors should also keep an eye on commodity price volatility and geopolitical risks that could impact business development.

Dividend Yield: 8.5% (2025, estimated)
Dividend History: Regular payouts since 2021

CSN Mineração S.A. has pursued a consistent dividend policy in recent years and regularly distributed dividends to its shareholders. The estimated dividend yield for 2025 is around 8.5%, which can be considered attractive compared to other companies in the mining industry.

The reliability of CSN Mineração's dividend payments depends on several factors, including commodity prices, especially iron ore, as well as the general economic situation in Brazil. However, the company has demonstrated in the past its ability to pay dividends even in volatile market conditions. Analysts expect that CSN Mineração will continue to be able to distribute dividends at a similar level, provided that no significant negative market changes occur.