Companhia Siderurgica Nacional (SID)

[MCArmel1]

Companhia Siderurgica beats on revenue

Mar 12 2015, 08:31 ET | About: Companhia Siderurgica Naci... (SID) | By: Mamta Mayani, SA News Editor

Companhia Siderurgica (NYSE:SID): Q4 Net Income of R$66.99M.
Revenue of R$3.82B (-22.8% Y/Y) beats by R$150M.
Press Release



SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16 of the

Securities Exchange Act of 1934

For the month of March 12, 2015
Commission File Number 1-14732

COMPANHIA SIDERÚRGICA NACIONAL

(Exact name of registrant as specified in its charter)

National Steel Company

(Translation of Registrant's name into English)

Av. Brigadeiro Faria Lima 3400, 20º andar
São Paulo, SP, Brazil
04538-132

(Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports
under cover Form 20-F or Form 40-F. Form 20-F ___X___ Form 40-F _______
Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes _______ No ___X____

São Paulo, March 12, 2015

Companhia Siderúrgica Nacional (CSN) (BM&FBOVESPA: CSNA3) (NYSE: SID) announces today its consolidated results for the fourth quarter (4Q14) and the full year of 2014, presented in Brazilian Reais and in accordance with International Financial Reporting Standards (IFRS) issued by the International Accounting Standards Board (IASB), and with Brazilian accounting practices, which are fully convergent with international accounting norms, issued by the Accounting Pronouncements Committee (CPC) and approved by the Brazilian Securities and Exchange Commission (CVM), pursuant to CVM Instruction 485 of September 1, 2010. The comments herein refer to the Company’s consolidated results and comparisons refer to the third quarter of 2014 (3Q14) and full year of 2013, unless otherwise stated. On December 31, 2014, the Real/US Dollar exchange rate was R$2.656.

· Fourth-quarter adjusted EBITDA amounted to R$1.0 billion, 3% higher than in 3Q14, largely due to the steel segment, while the adjusted EBITDA margin widened by 2 p.p. to 25% in the same period;

· Steel segment EBITDA totaled R$723 million in 4Q14, a 10% quarter-on-quarter improvement, with an EBITDA margin of 27%, 3 p.p. higher than in 3Q14;

· In 2014, adjusted steel segment EBITDA came to R$2.9 billion, 20% up on the year before, accompanied by an adjusted EBITDA margin of 26%, growth of 6 p.p. over 2013;

· Annual iron ore sales volume totaled 29 million tonnes, 13% more than in the previous year, while iron ore shipped through Tecar reached a record 33 million tonnes, 14% up in the same period;

· Cement sales volume amounted to 2.2 million tonnes in 2014, 7% higher than the previous year, generating net revenue of R$440 million, both record figures. Adjusted EBITDA of R$116 million and the adjusted EBITDA margin of 26% were also records.

More...

http://www.sec.gov/Archives/edgar/data/1049659/000129281415000494/sidpr4q14_6k.htm

[pinoleropuro]

SID will eventually go up but unfortunately its going to take a breather this coming week.

[Fibanotch]

im going in..buying this pig right now!. go $SID

[AnG5640]

This baby's gotta find a bottom at some point!

[Fibanotch]

don't ask me why ... but im buying all day on wed.

[Fibanotch]

sounds good to me

[AnG5640]

Definitely watching for the dilution to slow down...then I'll buy some dips :)

[Fibanotch]

have no fear... this time next year , u will be happy u own some!

[AnG5640]

Jeeze. Every time ya think the bottom is in, it goes lower......still stalking :)

[Fibanotch]

buy alittle and wait a while , then take a look see....u will be way up

[AnG5640]

I just got stopped out. Keeping it on watch though......

[Fibanotch]

ur right

[AnG5640]

Dilution pollution! Jeeze!

[Fibanotch]

nice divvy too.

[AnG5640]

I agree!!

[Fibanotch]

over time we go north!

[AnG5640]

Seems like they were diluting a lot today. Maybe they'll lay off a bit next week.

[AnG5640]

I like that idea :) I grabbed a starter pos today....we'll see what next week brings!

[Fibanotch]

we could c another buck from here!

[AnG5640]

Thx...gotcha back!

[Fibanotch]

nice... mark for u hit me back

[AnG5640]

Just found this one today......seems to be quietly sneaking up......

[detearing]

$2.43 added more...

[detearing]

$2.65 added more...

[detearing]

$3.63 up close to 7%.

[detearing]

Added $3.57.

[Fibanotch]

yes, give it time...we will prevail

[Fibanotch]

ill take huge pop... no problem

[detearing]

Long term play maybe, yet I am watching for huge pop..

[detearing]

Long shot, we see...I believe in steel...

[Fibanotch]

Sid ...tell us sommin good!

[Fibanotch]

im not much @ putting or calling! or margin play .

[detearing]

It would be a huge call if this happens to match ak and us steel charts...

[Fibanotch]

im with ya!

[detearing]

SID on the verge of joining Ak and US Steel charts...daily chart on verge of golden cross and mimicing...if so, this one is golden steel too...

http://stockcharts.com/h-sc/ui

[Fibanotch]

yes sir , going up..

[detearing]

Got back in last week into SID...SID just feels good to along with my other steel sector stocks...

[MCArmel1]

Companhia Siderurgica reports Q2 profit

Aug 4 2014, 09:25 ET | About: Companhia Siderurgica Nacional (SID)

Companhia Siderurgica (NYSE:SID): Q2 Net Income of R$19.03M
Revenue of R$4.05B (-0.2% Y/Y)
Press Release

http://seekingalpha.com/news/1895815-companhia-siderurgica-reports-q2-profit?uprof=45


CSN Announces 2Q14 Results
Mon August 4, 2014 9:01 AM|PR Newswire

SAO PAULO, Aug. 4, 2014 /PRNewswire/ -- CSN - Companhia Siderurgica Nacional (SID) (BM&FBOVESPA: CSNA3) (NYSE: SID) announces its results for the second quarter of 2014 (2Q14):
•Adjusted EBITDA amounted to R$1.3 billion in 2Q14, 19% up on 2Q13;
•Adjusted EBITDA from the steel segment totaled R$793 million, 28% more than in 2Q13 and the highest quarterly figure since 3Q10;
•The adjusted steel segment EBITDA margin was 28%, an 8 p.p. improvement over 2Q13;
•Second-quarter cement sales came to 564,000 tonnes, with net revenue of R$113 million, adjusted EBITDA of R$34 million and an adjusted EBITDA margin of 30%, all of which Company records;
•Gross profit totaled R$1.3 billion in 2Q14, 26% more than in the same period last year;
•The second-quarter gross margin widened by 6 p.p. over 2Q13 to 32%;
•CSN closed 2Q14 with cash and cash equivalents of R$11.9 billion;
•The Net Debt/EBITDA ratio ended the quarter at 2.71x, virtually identical to the end-of-March figure.

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

http://seekingalpha.com/pr/10658835-csn-announces-2q14-results

[Fibanotch]

lets go sid!

[Fibanotch]

they r gonna start building and needing steel very soon! I hope.

[Fibanotch]

short term pop is a commin.

[Fibanotch]

things might have to change!

[binks]

We will see I am skeptical on Brazil

[Fibanotch]

don't forget the divvy's!

[Fibanotch]

I c this @ 15 sometime in the next yr or 2...

[Fibanotch]

bought more in the 3's...lets goooo!

[Fibanotch]

this is ready!

[Mike manderfeen]

This has been a buy for a while
I gobbled up lots of shares at low 4's

10$ EOY based off my DD

[binks]

nice move today I got back in at 4.64 avg

Looking for 7 by EOY

[binks]

6.24 can we touch 6.30 by eod?