CSN Posts Record Steel Revenue and Sales Volume in 1H13

           CSN Posts Record Steel Revenue and Sales Volume in 1H13

PR Newswire

SAO PAULO, Aug. 6, 2013

SAO PAULO, Aug. 6, 2013 /PRNewswire/ -- CSN – Companhia Siderurgica Nacional
(BM&FBOVESPA: CSNA3) (NYSE: SID) announces its results for the 2Q13 and 1H13:

  oCSN posted record sales of 3.1 million tonnes of steel in 1H13, 15% up
    year-on-year, with an emphasis on the domestic market, which absorbed 2.4
    million tonnes. Second-quarter sales came to 1.6 million tonnes;
  oNet revenue from steel totaled R$6.1 billion in 1H13, 21% higher than in
    1H12 and the Company's best ever first-half performance, and R$3.1 billion
    in the second quarter, 7% more than in 1Q13 and also a new record;
  oIron ore sales amounted to 6.0 million tonnes in 2Q13, a 45% improvement
    over 1Q13;
  oConsolidated gross profit came to R$1.0 billion in 2Q13, 32% up on the
    previous three months;
  oAdjusted EBITDA of R$1.1 billion in 2Q13 was 21% higher than in 1Q13;
  oMining and steel EBITDA recorded respective quarter-on-quarter growth of
    22% and 17% in 2Q13;
  oThe EBITDA margin stood at 24% in the second quarter, a 2 p.p. improvement
    over 1Q13;
  oCSN closed the first half with cash and cash equivalents of R$15.1 billion
    according to the proportional consolidation criterion.

The full Earnings Release is available on CSN's IR website at
www.csn.com.br/ir.

CSN will be hosting conference call about its 2Q13 Earnings on WEDNESDAY,
August 7^th, 2013, at 10:00 a.m. (US ET) in Portuguese with simultaneous
translation into English. Connection details may be obtained on the Company's
IR website.

Investor Relations
David Salama

Investor Relations Executive Officer
Phone: +55 11 3049-7588
david.salama@csn.com.br

SOURCE CSN - Companhia Siderugica Nacional

Website: http://www.csn.com.br/ir