Change in Projections

Change in Projections

 

CSN Mineração S.A. (“CSN Mineração” or “Company“) informs its shareholders and the general market the updated projections, as follows:

 

• Projection of production volume and purchases of third-party iron ore between 42.0-43.5 Mton in 2024, 42 Mton in 2025, 44 Mton in 2026, 53 Mton in 2027 and 68 Mton in 2028.
• Mining C1 cost projection ranging from US$21.5/ton and US$23.0/ton in 2024.
• Replacement of the CAPEX projection for expansion in mining from a level of R$ 13.8 billion in the period 2023-2027 to a level of R$ 15.3 billion in the period 2023-2028, related to phase 1 of the addition capacity project.
• Projection of reaching a potential EBITDA of R$ 4 billion with the Itabirito P15 Plant project, after the maturation of operations, expected to occur in 2028.

 

Such projections will be included in section 3 of the Company’s Reference Form and will be available on the CVM website at http://www.cvm.gov.br/ and on the Company’s website at http://ri.csnmineracao.com.br/en/ within the legal deadline.

 

CSN Mineração clarifies that the information disclosed in this document represents estimates and involves market factors beyond the control of the Company. Therefore, they do not constitute a promise of performance by the Company and/or its administrators and, as such, may undergo further changes.