Brazilian steelmaker Companhia Siderurgica Nacional (CSN) has omitted mandatory filing required by both the US Securities and Exchange Commission (SEC) and the New York Stock Exchange (NYSE), the company announced this week.
CSN said it did not file SEC’s 20-F form, a document required by NYSE to keep the steelmaker listed in the local stock exchange. The 20-F form provides information on the company’s annual results.
CSN said it is working as hard as it can to file the document, but has no timeline to do so.
CSN made a restructuring deal in November 2015 that resulted in the merger of its logistics and mining segments, causing it to delay the filing of documents at both CVM, Brazil’s securities exchange commission, and SEC.
It’s not clear, however, if the failure to file the document could oust the steelmaker from NYSE.