Company Profile For Companhia Siderurgica Nacional

Companhia Siderurgica Nacional (CSN), incorporated on April 9, 1941, is a Brazil-based integrated steel producing company. The manufacturing facilities of the Company produce a range of steel products, including slabs, hot and cold rolled, galvanized and tin mill products for the distribution, packaging, automotive, home appliance, and construction industries. On December 30, 2008, the Company’s ownership interest was reduced to 40% of the voting and total capital stock of Namisa. The iron ore business of the Company includes the expansion of the mining activities and the seaport facilities, the construction of pellet plants, the trading of iron ore produced by other companies, through the logistics network. During the year ended December 31, 2008, the Company accounted for approximately 49% of the galvanized steel products sold in Brazil.

BRIEF: For the nine months ended 30 September 2009, Companhia Siderurgica Nacional's total revenue decreased 25% to R$7.92B. Net income for the period increased 1% to R$1.85BM. Total revenue reflects a decrease in demand for the Company's products and services due to unfavorable market conditions. Net income for the period benefited from a significant increase in other operating income as well as increased financial income.