Marco Ravello
Investor Relations Executive Officer
Replay available
Companhia Siderurgica Nacional S.A. (NYSE: SID) Q4 2025 earnings conference call, held 2026-03-12. Replay captured from the company's public earnings webcast.

Investor Relations Executive Officer
ESG Officer
Chief Executive Officer
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WEBVTT 00:00:00.031 -- 00:00:05.056 Good afternoon, ladies and gentlemen. At this time, we would like 00:00:05.056 -- 00:00:08.059 to welcome everyone to CSN's 00:00:08.059 -- 00:00:12.965 earnings conference call for the fourth quarter 25 and full year. 00:00:12.965 -- 00:00:16.989 Today we have with us the company's executive officers. 00:00:16.989 -- 00:00:22.054 We would like to inform you that this event is being recorded and all participants 00:00:22.054 -- 00:00:25.698 will be in this and only mode during the company presentation. 00:00:25.698 -- 00:00:30.844 In doing this, we will go on to the question and answer session when further 00:00:30.844 -- 00:00:36.551 instructions will be provided. The event can be accessed at 00:00:36.551 -- 00:00:38.551 ri.csn.com.br 00:00:39.794 -- 00:00:44.800 where the presentation is also available. There will be a replay service 00:00:44.800 -- 00:00:50.026 for this call on the website. Before proceeding, we would like to state that 00:00:50.026 -- 00:00:56.733 some of the forward-looking statements or trends are based on current assumptions 00:00:56.733 -- 00:01:01.858 and opinions of the company's management. They may differ 00:01:01.858 -- 00:01:07.263 materially from those expressed herein, which do not constitute protection. 00:01:07.263 -- 00:01:12.828 In fact, actual results, performances, or events may differ materially from 00:01:12.828 -- 00:01:18.833 those expressed or implied by forward-looking statements as a result of several factors, 00:01:18.833 -- 00:01:24.078 such as general and economic conditions in Brazil and other countries, interest 00:01:24.078 -- 00:01:29.727 rates and exchange rate level, future rescheduling or prepayment of debt 00:01:29.727 -- 00:01:35.215 denominated in foreign currencies, protec...