CSN Posts Net Revenue Higher Than R$3.8 Billion in 1Q12

SAO PAULO, May 10, 2012 /PRNewswire/ -- CSN - Companhia Siderurgica Nacional (BM&FBOVESPA: CSNA3) (NYSE: SID) announces its results for the 1Q12:

• Net revenue reached R$3.8 billion in 1Q12;
• 1Q12 gross profit amounted to R$1.1 billion;
• EBITDA in 1Q12 totaled R$1.1 billion;
• EBITDA margin in 1Q12 reached 29%;
• Steel sales volume totaled 1.3 million tonnes in 1Q12;
• Iron ore sales volume reached 6.7 million tons in 1Q12;
• CSN is a highly liquid company, with a cash position of R$14.1 billion at the end of 1Q12.

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

CSN will be hosting conference calls about its 1Q12 Earnings on FRIDAY, May 11, 2012, at 1:00 p.m. US ET in English and 11:00 a.m. US ET in Portuguese. Connection details may be obtained on the Company's IR website.

Investor Relations

David Salama

Investor Relations Executive Officer

Phone: [phone]

[e-mail]

SOURCE CSN - Companhia Siderugica Nacional

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