Operator

[Interpreted] Ladies and gentlemen, at this time, we would like to welcome everyone to CSN's conference call to present the results for the First Quarter 2026.

Today, we have with us the company's executive officers. We would like to inform you that this event is being recorded. [Operator Instructions] The event today can be accessed at ircsn.com.br, where the presentation is also available. The replay of the event will be available soon after closing.

Before proceeding, please bear in mind that some of the forward-looking expectations or trends are based on current assumptions and opinions of the company management. Future results, performance and events may differ materially from those expressed herein, which do not constitute projections.

In fact, actual results, performance or events may differ materially from those expressed or implied by forward-looking statements as a result of several factors, general and economic conditions in Brazil and other countries, interest rates and exchange rate levels, future rescheduling or prepayment of debt pegged in foreign currencies, protectionist measures in the U.S., Brazil and other countries, changes in laws and regulations