CSN Announces 1Q13 Results

May 15, 2013, 23:14 ET from CSN

SAO PAULO, May 15, 2013 /PRNewswire/ -- CSN – Companhia Siderurgica Nacional (BM&FBOVESPA: CSNA3) (NYSE: SID) announces its results for the 1Q13:

  • Steel sales volume in 1Q13 totaled 1.6 million tonnes, 17% up on 1Q12 and a new first-quarter record;
  • Working capital declined R$0.8 billion at the end of 1Q13 as compared to the end of 1Q12, with a reduction of 33 days in the cash conversion cycle, chiefly due to improved payment management;
  • Investments totaled R$509 million in 1Q13;
  • CSN closed 1Q13 with cash and cash equivalents of R$14.1 billion.

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 1Q13 Earnings TOMORROW, May 16, 2013, at 2:00 p.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: +55 11 3049-7588 david.salama@csn.com.br