CSN announces 1Q16 results

SAO PAULO, May 12, 2016 /PRNewswire/ -- CSN – Companhia Siderurgica Nacional (BM&FBOVESPA: CSNA3) SID announces its results for the first quarter of 2016 (1Q16):

• R$733 million EBITDA generated with 18.1% EBITDA Margin
• Steel Sales of 1,247kt, 10% higher than 4Q15
• Increased share of Coated Products, achieving 58% of the flat steel sales
• Total Steel EBITDA of R$420 million vs R$222 million during 4Q15
• Iron Ore Production of 7.33Mt, with Sales of 8.3Mt
• Delivered Iron Ore Costs of US$31.2/wmt, against US$33.3/wmt in 4Q15
• Cement Sales of 571kt, a 15% increase in comparison with 4Q15
• Inventories reduction of R$472 million

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 1Q16 Earnings on Thursday, May 12^th, 2016, at 2:30 p.m. (US ET) in Portuguese with simultaneous translation into English. Connection details may be obtained on the Company's IR website.

Investor Relations
Paulo Rogerio Caffarelli
Corporate and Investor Relations Executive Officer
Phone: +55 11 3049-7238
invrel@csn.com.br

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SOURCE CSN - Companhia Siderurgica Nacional