CSN Records Net Income of R$1.15 Billion, Sales Volume Moves up by 39% and the EBITDA Margin Widens to 33% in the 3Q09

SAO PAULO, Nov. 4  /PRNewswire-FirstCall/ -- Companhia Siderurgica Nacional CSN (BOVESPA: CSNA3) (NYSE:SID) announces today its results for the 3Q09:

  --  Net income totaled R$1.15 billion in the 3Q09, 243% up on the R$335
      million recorded in the previous quarter. In the first nine months,
      net income stood at R$1.85 billion, also an improvement over the same
      period last year;


  --  Steel product sales volume amounted to 1.32 million tonnes, 39% more
      than the 2Q09;


  --  Crude steel production in the 3Q09 came to 1.18 million tonnes, with
      rolled output of 1.32 million tonnes, 35% and 37% up, respectively, on
      the 2Q09;


  --  The average rolled steel unit production cost fell from R$964/t in the
      2Q09 to R$784/t in the 3Q09, a hefty 19% reduction;


  --  3Q09 net revenue totaled R$3.0 billion, 20% more than the R$2.5
      billion reported in the 2Q09;


  --  3Q09 EBITDA stood at close to R$1.0 billion, a 36% improvement over
      the 2Q09, with an EBITDA margin of 33%, up by 4 p.p. on the 2Q09,
      further underlining the Company's margin recovery process;


  --  In 2009 through September 30, CSN's shares appreciated by 100% on the
      Bovespa (Brazil), the 10th largest upturn among those firms listed on
      the Ibovespa index, while its ADRs climbed by 155% on the NYSE, the
      8th highest increase among all the Latin American ADRs listed on the
      New York Stock Exchange;


  --  CSN closed the 3Q09 with a market cap of US$22.3 billion, the highest
      figure of any steel manufacturer in the Americas;


  --  Also at the end of the 3Q09, ROE stood at 91%, considering net income
      in the last 12 months, growth of 23 p.p. over the previous quarter;


  --  In September 2009, through its wholly-owned subsidiary CSN Islands XI
      Corporation, CSN effected a US$750 million bond issue at 6.875% p.a.,
      maturing in 10 years.



The full 3Q09 Earnings Release is available on CSN's IR website at http://www.csn.com.br/ir

CSN will be hosting conference calls about its 3Q09 Results TODAY, November 4, 2009, at 9:00 a.m. US EST in English and 7:00 a.m. US EST in Portuguese. Connection details may be accessed on the Company's IR website. 

DATASOURCE: Companhia Siderurgica Nacional



CONTACT:  David Salama, IR Manager of Companhia Siderurgica Nacional, 55

11 3049-7588, 



Web Site:  http://www.csn.com.br/ir/ 

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