Material Fact

São Paulo, October 15, 2020 -Companhia Siderúrgica Nacional ('CSN' or 'Company') hereby announces to its shareholders and the market in general projections adjustments, as follow:

(i) CSN expects to reach approximately 2.50x Net Debt/ Adjusted EBITDA at the end of fiscal year 2021.

These projections will be included, as applicable, in section 11 of the Company's Reference Form and will be available on the website of the CVM (http://www.cvm.gov.br/) and the Company (http://ri.csn.com.br/) within the legal term.

CSN points out that the information disclosed in this document represents an estimate and involves market factors beyond CSN's control. Therefore, it does not constitute a promise of performance by the Company and/or its Management and may be subject to change.

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For further information, please contact:

Investor Relations
Marcelo Cunha Ribeiro
Investor Relations Executive Officer
Phone: (11) 3049-7585
invrel@csn.com.br
www.csn.com.br/ri

About CSN
CSN is a highly integrated company, with steel, mining, cement, logistics and energy businesses. The Company operates throughout the entire steel production chain, from the mining of iron ore to the production and sale of a diversified range of high value-added steel products. Thanks to its integrated production system and exemplary management, CSN's production costs are among the lowest in the global steel sector.Companhia Siderúrgica Nacional ('CSN' or 'Company') hereby announces to its shareholders and the market in general projections adjustments, as follow:

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CSN - Companhia Siderúrgica Nacional published this content on 15 October 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 October 2020 22:19:07 UTC