Companhia Siderúrgica Nacional operates as an integrated steel producer in Brazil and Latin America. The company operates through five segments: Steel Industry, Mining, Logistics, Energy, and Cement. The company offers flat steel products, such as hot and cold rolled, galvanized, galvalume, pre-painted, and metal sheets products; coil, sheets, and derivatives; tiles and derivatives, pipes, and profiles; long steel products; food …
Full SID analysis →
Competitive advantage assessment
Key strengths
Margins Consistently Above PeersGross margin at 27.7% (top 17%) and operating margin at 11.7% (top 8%) indicate strong pricing power.
Cost Leadership PositionOperating margin at 91.7th percentile with strong OpEx control demonstrates cost leadership.
Companhia Siderurgica Nacional ranks #17 of 27
scored companies in Steel by moat score — the top 63%.
The widest moat in the group is Grupo Simec, S.A.B. de C.V. (SIM)
at 79/100.
Moat scores for companies ranked near SID in Steel
Pricing power is the ability to raise prices without losing volume.
Cost Advantage
Score 61
· 15% of the moat score
A cost advantage means delivering the same product for structurally less — better purchasing, denser distribution, a more automated process.
Customer Stickiness
Score 42
· 15% of the moat score
Stickiness is what makes revenue repeat without being re-won every year.
Capital Efficiency
Score 22
· 18% of the moat score
Capital efficiency asks what the company earns on the money tied up in the business.
Resilience
Score 20
· 17% of the moat score
Resilience is the capacity to get through a bad year on its own terms — enough liquidity, enough interest cover, and enough cash generation to avoid a rescue financing or a forced sale.
Scale & Market Position
Score 55
· 15% of the moat score
Scale matters only when it converts into economics.
What is Companhia Siderurgica Nacional 's moat score?
Companhia Siderurgica Nacional (SID) scores 43 out of 100 on the StatsAlpha Moat Map, which rates its competitive advantage as developing. It ranks #17 of 27 scored companies in Steel, the top 63%. The score is a weighted composite of 6 competitive defenses, each measured against industry peers of 26 companies in Steel. Its strongest defense is Cost Advantage (61/100) and its weakest is Resilience (20/100).
How does Companhia Siderurgica Nacional compare with other Steel companies?
Companhia Siderurgica Nacional ranks #17 of 27 scored companies in Steel by moat score. The widest moat in Steel is Grupo Simec, S.A.B. de C.V. (SIM) at 79/100. The companies ranked closest are Huadi International Group Co., (HUDI) at 47 just above it and Ascent Industries Co. (ACNT) at 40 just below it.
How is the moat score calculated?
Each company is scored with an industry-specific template — Corporate Default in this case, chosen because the defenses that matter to a bank are not the ones that matter to a software company. Every defense combines several financial signals, and each signal is measured as a percentile against a peer group of 26 companies in Steel. The defenses are then weighted to produce the overall score out of 100.
Why is Companhia Siderurgica Nacional scored with the Corporate Default template?
Most public companies sell a product or a service at a margin, so the moat question is whether that margin survives contact with competitors. The Corporate template scores the six defenses that show up in a general operating company's financial signature: whether it can hold price, produce more cheaply than rivals, keep its customers, earn a return above its cost of capital, withstand a downturn, and turn size into economics.
Which competitive defenses are measured for Companhia Siderurgica Nacional ?
The Corporate Default template measures 6 defenses, and SID scores: Pricing Power (59), Cost Advantage (61), Customer Stickiness (42), Capital Efficiency (22), Resilience (20), Scale & Market Position (55). Each is scored independently as a percentile against peers, so a company can be strong on one and weak on another — the overall score reflects how those defenses are weighted for this industry.
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