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Companhia Siderurgica Nacional Sponsored ADR$3.17($.02)(.63%)

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 CSN announces 2Q16 results
   Monday, August 15, 2016 5:54:00 PM ET

CSN - Companhia Siderurgica Nacional (BM&FBOVESPA: CSNA3) (SID ) announces its results for the second quarter of 2016 (2Q16):

-- R$855 million EBITDA generated, a 17% increase over 1Q16, with 19% EBITDA Margin

-- During June, the EBITDA reached R$320 million, showing a recovery in the domestic steel market and the mining segment

-- Steel Sales of 1,253kt, a slight expansion over 1Q16

-- Increased share of Coated Products, achieving 60% of the flat steel sales

-- Iron Ore Production of 8.5Mt, with Sales of 9.3Mt

-- Delivered Iron Ore Costs of US$28,2/wmt, against US$31,2/wmt in 1Q16 (-10%)

-- Working Capital reduction of R$718 million during 2Q16, with a cash conversion cycle of 77 days, 24 days shorter than 1Q16

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 2Q16 Earnings on Tuesday, August 16th, 2016, 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 Moise SalamaInvestor Relations Executive Officer Phone: +55 11 3049-7238invrel@csn.com.br

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/csn-announces-2q16-results-300313726.html

SOURCE CSN - Companhia Siderurgica Nacional

http://rt.prnewswire.com/rt.gif?NewsItemId=BR69589&Transmission_Id=201608151754PR_NEWS_USPR_____BR69589&DateId=20160815



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