CSN Posts Record Net Revenue of R$17.3 Billion in 2013, With Steel Sales of More Than 6.1 Million Tonnes

 CSN Posts Record Net Revenue of R$17.3 Billion in 2013, With Steel Sales of
                         More Than 6.1 Million Tonnes

PR Newswire

SAO PAULO, Feb. 28, 2014

SAO PAULO, Feb. 28, 2014 /PRNewswire/ --CSN- Companhia Siderurgica Nacional
(BM&FBOVESPA: CSNA3) (NYSE: SID) announces its results for the 4Q13 and 2013:

  oNet revenue totaled a record R$17.3 billion in 2013, 14% up on the
    previous year. Fourth-quarter net revenue increased by 6% over 3Q13 to
    R$4.9 billion, another new record.
  oAnnual net revenue from steel operations totaled R$12.4 billion in 2013,
    also a record, 15% up on 2012;
  oTotal annual steel sales amounted to 6.1 million tonnes, while domestic
    sales totaled 4.7 million tonnes, 5% and 3% up on 2012, respectively, and
    also new records;
  oFourth-quarter net revenue from mining operations came to R$1.9 billion,
    17% more than in the previous three months.
  oIron ore sales volume totaled 7.8 million tonnes in 4Q13, 2% higher than
    in 3Q13, while iron ore shipped through Tecar, in the Port of Itaguaí,
    reached a record 8.9 million tonnes, 8% up in the same period;
  oAdjusted EBITDA amounted to R$1.8 billion in 4Q13, 6% up on the R$1.7
    billion posted in 3Q13, primarily fueled by the mining segment;
  oThe consolidated EBITDA margin reached 32% in 4Q13, the highest quarterly
    figure since 4Q11;
  oCSN and Namisa adhered to the Tax Settlement Program (REFIS), which
    impacted the consolidated result by R$937 million. Excluding this effect,
    CSN would have recorded consolidated net income of R$450 million in 4Q13;
  oCSN closed the fourth quarter with cash and cash equivalents of R$13.1

The full Earnings Release is available on CSN's IR website at

CSN will be hosting conference call about its 4Q13 Earnings on FRIDAY,
February 28^th, 2014, at 09:00 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

SOURCE Companhia Siderurgica Nacional (CSN)

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