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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

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

To view the original version on PR Newswire, visit:

SOURCE CSN - Companhia Siderurgica Nacional

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