Companhia Siderurgica Nacional (SID)

[MCArmel1]

CSN announces 1Q15 results

SAO PAULO, May 6, 2015 /PRNewswire/ -- CSN – Companhia Siderurgica Nacional (BM&FBOVESPA: CSNA3) (NYSE: SID) announces its results for the first quarter of 2015 (1Q15):
•Steel sales totaled 1.4 million tonnes in 1Q15, 12% up on 4Q14. Of this total, 63% went to the domestic market and 37% to foreign market;
•Net revenue from steel operations totaled R$3,123 million, a 14% improvement over 4Q14;
•Consolidated net revenue totaled R$4,0 billion in 1Q15, 5.0% up on the previous quarter;
•Gross profit totaled R$985 million, 7% up on the previous three months;
•Consolidated net income of R$392 million in 1Q15, R$325 million higher than in 4Q14.

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 1Q15 Earnings on Wednesday, May 06th, 2015, 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: [phone]
[e-mail]

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