RegulatorySep 14, 2026, 06:03 AM
National Steel Co. Faces NYSE Delisting Warning Over Share Price
AI Summary
National Steel Co. (SID) has received a non-compliance notification from the New York Stock Exchange (NYSE) due to its American Depositary Shares (ADSs) trading below $1.00 for a consecutive 30-trading-day period. The company has a six-month period to regain compliance. While the notice does not result in immediate delisting, National Steel Co. is actively evaluating cure alternatives. Notably, the company's ADSs have recently appreciated and are currently trading above the $1.00 minimum threshold.
Key Highlights
- National Steel Co. received a non-compliance notification from NYSE on August 13, 2026.
- The notification cited non-compliance with continued listing standard Section 802.01C.
- The non-compliance is due to the average closing price of ADSs being below $1.00 for 30 consecutive trading days.
- The company has a six-month cure period from the notice receipt date to regain compliance.
- National Steel Co. has notified NYSE of its intention to cure the deficiency.
- The company's ADSs are currently trading above the $1.00 minimum threshold.
Price Impact
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