Companhia Siderurgica Nacional (CSN) http://www.alacrastore.com/company-snapshot/Companhia_Siderurgica_Nacional_CSN-1041087 Thursday, July 24, 2008 3:30:18 PM 1041087 Companhia Siderurgica Nacional (CSN) en AlacraStore RSS Builder 1.0 30 http://www.alacrastore.com/storecontent/fitch/391364_report_framefitch/391364_report_framepdfFitch Ratings is a leading global rating agency committed to providing the world's credit markets with independent, timely and prospective credit opinions. Built on a foundation of organic growth and strategic acquisitions, Fitch Ratings has grown rapidly during the past decade gaining market presence throughout the world and across all fixed income markets.Adhunik Metaliks LimitedAngang Steel Co LtdArcelorMittal SABaoshan Iron & Steel Company LtdBhushan Power & Steel LimitedBhushan Steel LtdBlueScope Steel LimitedCAP S.A.Companhia Siderurgica Nacional (CSN)Companhia Vale do Rio DoceEvraz Group S.A.Gontermann Peipers India LtdGrupo IMSA S.A.B. de C.V.Habas Sinai ve Tibbi Gazlar Istihsal Endustrisi A.S.Industrial Union of Donbass CorporationInterpipe LimitedJFE Holdings, Inc.Kobe Steel, Ltd.Magnitogorsk Iron & Steel WorksMaharashtra Seamless LimitedMahindra Ugine Steel Company, Ltd.Metalurgica Gerdau S.A.Nippon Steel CorporationNovolipetsk Iron & Steel CorporationPOSCORaspadskaya OJSCSamarco Mineracao S.A.SeverstalSiderar S.A.I.C.Siderurgica del Turbio S.A.Steel Authority of India Ltd. (SAIL)Sumitomo Metal Industries, Ltd.Tata Steel Ltd.Tata Steel UK LimitedThyssenKrupp AGUnited States Steel Corporation (U.S. Steel)Usinas Siderurgicas De Minas Gerais S.A. (USIMINAS)Uttam Galva Steels LtdWuhan Iron & Steel Co800897798008995980090452800905708009176780360754803609358036099080361256803623378036233880362339804171798048437780725182808678318097585781818076820279468203383482237464822736878233029582395113826028748307132583071328830879258345646484602669847420708538807385714875857842738580967385883873866779238681454686818745868305487/1/2008 10:10:41 AM010000000101000001030000010312000103120201031500010322000104000001070000275Special Report00089805490500055500113500265500470504701504823513216532727540154055406541154140600019BSLCAPCHMFCSNA3ERARGOAU3MAGNNLMKRASPTKAUSIM3VALE3X391364_report_frameCredit & Investment ResearchFitchResearchhttp://www.alacrastore.com/storecontent/fitch/424641_pr_framefitch/424641_pr_framehtmlFitch Ratings is a leading global rating agency committed to providing the world's credit markets with independent, timely and prospective credit opinions. Built on a foundation of organic growth and strategic acquisitions, Fitch Ratings has grown rapidly during the past decade gaining market presence throughout the world and across all fixed income markets.Angang Steel Co LtdArcelorMittal SABaoshan Iron & Steel Company LtdBlueScope Steel LimitedCAP S.A.Companhia Siderurgica Nacional (CSN)Companhia Vale do Rio DoceEvraz Group S.A.Habas Sinai ve Tibbi Gazlar Istihsal Endustrisi A.S.Industrial Union of Donbass CorporationInterpipe LimitedJFE Holdings, Inc.Kobe Steel, Ltd.Magnitogorsk Iron & Steel WorksMetalurgica Gerdau S.A.Nippon Steel CorporationNovolipetsk Iron & Steel CorporationPOSCORaspadskaya OJSCRio Tinto LimitedRio Tinto plcSamarco Mineracao S.A.SeverstalSiderurgica del Turbio S.A.Sumitomo Metal Industries, Ltd.Tata Steel Ltd.Tata Steel UK LimitedThyssenKrupp AGUnited States Steel Corporation (U.S. Steel)Usinas Siderurgicas De Minas Gerais S.A. (USIMINAS)Wuhan Iron & Steel Co800899598009045280090570800917678036075480360935803612568036233780362338803623398048437780725182808678318097585781818076822736878233029582330514823305238239511382602874830713258307132883087925846026698474207085388073857148758578427385809673858838736/25/2008 10:08:00 AM0100000001030000010312000103120201031500010400000107000085Press Release00089805490500470540154055406541154140600019BSLCAPCHMFCSNA3GOAU3MAGNNLMKRASPRIOTKAUSIM3VALE3X424641_pr_frameCredit & Investment ResearchFitchResearchhttp://www.alacrastore.com/storecontent/newstex/PRN-0001-25967574newstex/PRN-0001-25967574xml PORTLAND, Ore., Jun. ##, #### (Canada NewsWire Group delivered by Newstex) -- /CNW/ -- Name Change Unveiled at North American Operations EVRAZ Group S.A. today announced it has completed the acquisition of IPSCO Inc.'s Canadian assets....0900000009015000110000001100600004000000040120000401200304016000040160056/13/2008 10:06:16 AM18000000180070001801600019000000190010001900103719001006190020001900201219002013Canada NewsWire GroupPRN-0001-25967574EVRAZ GROUP S.A.NATIONAL STEEL COEVGPFNSTLQNewsNewstexhttp://www.alacrastore.com/storecontent/spcred/652233spcred/652233normThe latest Research Update from S&Pglobal6/4/2008 6:32:36 PM175Research Update652233BrazilSteelEmerging MarketsLatin AmericaGlobal IssuersCorporationsMetals & MiningResearch UpdateOn June 4, 2008, Standard&Poor's Ratings Services raised its corporate credit rating on Brazil-based steelmaker Companhia Siderúrgica Nacional (CSN) to 'BB+' from 'BB' and removed it from CreditWatch. We had placed the ratings on CreditWatch with positive implications on May 30, 2008, for better cash flow protection measures. The outlook is positive. At the same time, we raised the corporate credit rating on related entity National Steel S.A. to 'BB-' from 'B+', with a positive outlook. The upgrades reflect CSN's improved cash flow protection measures and our expectation that incremental operating cash flows will allow the company to successfully fund its aggressive capital expenditure program. We also considered the improving market and economic conditions in the company's homeBRA20440W15104050 151040 1510 15Companhia Siderurgica Nacional (CSN)310260EMERGINGLATAMERICACSNA3@BZRESUPDBRA15104050 151040 1510 15National Steel S.A.393532EMERGINGLATAMERICAGLOBISSCORPMetalsCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/spcred/652232spcred/652232normThe latest News from S&Pglobal6/4/2008 6:32:35 PM100News652232BrazilSteelEmerging MarketsLatin AmericaGlobal IssuersCorporationsMetals & MiningNewsSAO PAULO (Standard&Poor's) June 4, 2008--Standard&Poor's Ratings Services said today that it raised its corporate credit rating on Brazil-based steelmaker Companhia Siderúrgica Nacional (CSN) to 'BB+' from 'BB' and removed it from CreditWatch. We had placed the ratings on CreditWatch with positive implications on May 30, 2008, for better cash flow protection measures. The outlook is positive. At the same time, we raised the corporate credit rating on related entity National Steel S.A. to 'BB-' from 'B+', with a positive outlook. "The upgrade reflects CSN's improved cash flow protection measures and our expectation that incremental operating cash flows will allow the company to successfully fund its aggressive capital expenditure program," said Standard&Poor's credit analystBRA20440W15104050 151040 1510 15Companhia Siderurgica Nacional (CSN)310260EMERGINGLATAMERICACSNA3@BZNEWSBRA15104050 151040 1510 15National Steel S.A.393532EMERGINGLATAMERICAGLOBISSCORPMetalsCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/spcred/651375spcred/651375normThe latest News from S&Pglobal5/30/2008 6:43:31 PM100News651375BrazilSteelEmerging MarketsLatin AmericaGlobal IssuersCorporationsMetals & MiningNewsSAO PAULO (Standard&Poor's) May 30, 2008--Standard&Poor's Ratings Services said today that it placed its corporate credit rating on Brazil-based steel maker Companhia Siderúrgica Nacional (CSN) on CreditWatch with positive implications. "The CreditWatch reflects upward potential on the rating on CSN due to the company's improving cash flow protection measures that may allow it to comfortably finance its aggressive capital expenditures program in the next several years," said Standard&Poor's credit analyst Reginaldo Takara. Production at CSN's proprietary iron ore mine, the Casa de Pedra mine (CdP), is expected to firmly ramp up from 2008 under a sanguine price and market environment and contribute to CSN's cash flow diversity and resilience. In addition, favorable market conditionsBRA20440W15104050 151040 1510 15Companhia Siderurgica Nacional (CSN)310260EMERGINGLATAMERICACSNA3@BZNEWSGLOBISSCORPMetalsCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/spcred/651376spcred/651376normThe latest Research Update from S&Pglobal5/30/2008 6:43:31 PM175Research Update651376BrazilSteelEmerging MarketsLatin AmericaGlobal IssuersCorporationsMetals & MiningResearch UpdateOn May 30, 2008, Standard&Poor's Ratings Services placed its corporate credit rating on Brazil-based steel maker Companhia Siderúrgica Nacional (CSN) on CreditWatch with positive implications. The CreditWatch reflects upward potential on the rating on CSN due to the company's improving cash flow protection measures that may allow it to comfortably finance its aggressive capital expenditures program in the next several years. Production at CSN's proprietary iron ore mine, the Casa de Pedra mine (CdP), is expected to firmly ramp up from 2008 under a sanguine price and market environment and contribute to CSN's cash flow diversity and resilience. In addition, favorable market conditions for steel in Brazil also bode well for strong cash generation in the next fewBRA20440W15104050 151040 1510 15Companhia Siderurgica Nacional (CSN)310260EMERGINGLATAMERICACSNA3@BZRESUPDBRA15104050 151040 1510 15National Steel S.A.393532EMERGINGLATAMERICAGLOBISSCORPMetalsCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/newstex/MW-0001-25297282newstex/MW-0001-25297282xml EDISON, NJ, May ##, #### (Marketwire delivered by Newstex) -- USS Products Investor LLC (the "Joint Venture"), a joint venture formed and financed by affiliates of The Blackstone Group, other investors and U.S. Shipping Partners L.P....04000000040160000401601304015000040150045/15/2008 9:12:26 AM18000000180150001802200018016000MarketwireMW-0001-25297282NATIONAL STEEL COU.S. SHIPPING PARTNERS L.P.Albert E BergeronNSTLQUSSNewsNewstexhttp://www.alacrastore.com/storecontent/cs/58772cs/58772norm In the Mines: Metals & Mining #Q## Review Across the sector, revenues were up ##% compared to last year, while adjusted EBITDA increased ##%, after adjusting for acquisition.  Leverage improved. Second-quarter metals and mining results...64519920011195corp/reportscorphy1454Euro Markets Issuers42High Yield5/14/2008 11:12:00 AM150With a heightened level of uncertainty regarding the extent of U.S. mortgage market contagion and spreads still relatively tight in the deeply cyclical metals and mining industry, we update our views on the sector and each of its members1975877210876YesD0Article535966170667214963111659198193258772Credit & Investment ResearchCreditSightshttp://www.alacrastore.com/storecontent/ccbn/T1840240ccbn/T1840240norm...Good morning to all. Thank you all for being here for joining us in our earnings conference of the first quarter of '##. Just like the other events provided by the Company, the earnings presentation will be followed by a brief presentation by each of one of the Executive Directors regarding the investments being made by the Company, this time highlighting the industrial activities and logistics activities. Let's start with the highlights of the first quarter. The Company reported a net income of BRL###m. Stable compared to the first quarter of '## when we had non-recurring gains of BRL###m related to the Corus auction. Net income is ##% higher than the net income reported by the Company in the fourth quarter of '##. We sold #.#m tonnes of steel products, a new period record. ##% up year on year and stable in relation to the fourth quarter of '##.BRL#b net revenue, a quarterly record for the Company ##% higher than the first quarter of '## and slightly higher than the figure reported in... 5/12/2008 2:11:00 AMCompanhia Siderurgica Nacional54.0000FinalQ1 2008 Companhia Siderurgica Nacional Earnings Conference Call TranscriptSID7:30am ETTranscriptT1840240Credit & Investment ResearchThomson Street Eventshttp://www.alacrastore.com/storecontent/cs/68977cs/68977norm Earnings Note: CSN #Q## - Strength Continues First-quarter sales increased ##% YoY to BRL#.## billion, while adjusted EBITDA climbed ##% to BRL#.## billion.  The top-line was driven by an ##% jump in steel revenue to BRL#.## billion...689771013YesD0Article2001corphy1468Earnings Reports - Industrials/Consumer42High Yield5/8/2008 12:12:04 AM150Favorable steel fundamentals and exposure to the growing Brazilian economy led to strong results.68977Credit & Investment ResearchCreditSightshttp://www.alacrastore.com/storecontent/newstex/BW-0001-24904931newstex/BW-0001-24904931xml CLEVELAND, Apr. ##, #### (Business Wire) -- Olympic Steel, Inc., (Nasdaq: ZEUS), a national steel service center, today announced its financial results for the first quarter of ####. Net sales for the first quarter of #### totaled...04000000040160000401604804016018040160010401604704016003040120000401200304007000040070054/30/2008 8:07:41 AM18000000180040001800800018012000Business WireBW-0001-24904931NATIONAL STEEL COOLYMPIC STEEL INCMICHAEL D SIEGALNSTLQZEUSNewsNewstexhttp://www.alacrastore.com/storecontent/newstex/HIN-0001-24812182newstex/HIN-0001-24812182xml Apr. ##, #### (The Hindu Business Line delivered by Newstex) -- G. Srinivasan New Delhi, April ## The country’s super star trading company, MMTC, is set to forge a joint venture company with Tata Steel (OOTC:TAELF) for mining...0400000004017000040160000401601304012000040120050401200304012002040050000400500904002000040020044/27/2008 12:11:34 AM1800000018015000180220001801600019000000190030001900200019002004The Hindu Business LineHIN-0001-24812182NATIONAL STEEL COTATA STEEL LTDNSTLQTAELFNewsNewstexBRAZIL - In April ####, Cia Siderurgica Nacional announced that it was seeking a buyer for its undisclosed stake in Filial Namisa, a Minas Gerais-based iron ore mining company.4/26/2008 10:34:01 AM81572I20392C81572I20448JSeeking BuyerCia Siderurgica Nacional- Filial NamisaSeeking BuyerCia Siderurgica Nacional{CSN}http://www.alacrastore.com/storecontent/Thomson_M%26A/CSN_seeking_buyer_for_minority_stake_in_Cia_Siderurgica_Nacional_Namis-1972708040sdc/19727080401972708040Copyright © 2008, Thomson Financial, All Rights ReservedInvestment & Commodity Firms,Dealers,ExchangesUnknownInvestors, nec6799UNUnknownPrivate6799:Investors, nec6799:Investors, necMiningBrazilIron ores1011FFForeignSubsidiary12029001Seeking buyerMnfr,whl steel,steel prodNot ApplicableStock1007612001Apr 26 20080.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000001.00000Seeking buyerSeeking buyerSeeking buyer1.000002.000003.000004.00000Filial Namisa of CiaSiderurgica Nacional, locatedin Minas Gerais, Brazil, is airon ore mining company.Filial Namisa of Cia Siderurgica Nacional, located in MinasGerais, Brazil, is a iron ore mining company.Filial Namisa of Cia Siderurgica Nacional, located in Minas Gerais, Brazil, is a iron ore mining company.0.000000.000000.000000.00000N24 Apr 08Thu, 24 Apr 2008 00:00:00 ESTDate Announced: 04/24/2008Date Effective:Acq. Part. Int.Friendly0.000000.000000.000000.000000.000000.00000Price/Share0.0000000.000000.0000000.000000.000000.000000.000000.000000.0000000.00000N0.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000001.000002.000003.000004.000005.000006.000007.00000BRAZIL - In April 2008, CiaSiderurgica Nacional announcedthat it was seeking a buyerfor its undisclosed stake inFilial Namisa, a MinasGerais-based iron ore miningcompany.BRAZIL - In April 2008, Cia Siderurgica Nacional announced that it was seeking a buyer for its undisclosed stake in Filial Namisa, a Minas Gerais-based iron ore mining company.BRAZIL - In April 2008, Cia Siderurgica Nacional announced that it was seeking a buyer forits undisclosed stake in Filial Namisa, a Minas Gerais-based iron ore mining company.BRAZIL - In April 2008, Cia Siderurgica Nacional announced that it was seeking a buyer for its undisclosed stake in Filial Namisa, a Minas Gerais-based iron ore mining company.BRAZIL - In April 2008, Cia Siderurgica Nacional announced that it was seeking a buyer for its undisclosed stake in Filial Namisa, aMinas Gerais-based iron ore mining company.S Buyer0.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.00000Status:S Buyer-999.00000np0.00000-999.00000np0.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000001011:Iron ores12029001Unknown6799UnknownPrivate3312:Steel works, blast furnaces, and rolling mills3313:Electrometallurgical products, except steel3315:Steel wiredrawing and steel nails and spikes5051:Metals service centers and offices180497002Rio de JanBrazil3312ForeignPublicCSN0.000000.000000.000000.00000Deal InformationThomson Financial Mergers & Acquisitionshttp://www.alacrastore.com/storecontent/cs/66819cs/66819norm In the Mines: Metals & Mining #Q## Review Market conditions in the fourth quarter continued to favor the metals and mining industry, with prices high on a historical basis, volumes still healthy, and Chinese growth holding above ##%. ...6681910563YesD0Article96617061659535631167197193219864520011195199corp/reportshy1454Euro Markets Issuers42High Yield3/24/2008 12:12:13 AM150Despite increasing risks and the deep cyclical nature of the sector, investors continue to turn towards the metals and mining industry, with sector spreads now as rich as they've been during the current cycle.66819Credit & Investment ResearchCreditSightshttp://www.alacrastore.com/storecontent/fitch/411553_pr_framefitch/411553_pr_framehtmlFitch Ratings is a leading global rating agency committed to providing the world's credit markets with independent, timely and prospective credit opinions. Built on a foundation of organic growth and strategic acquisitions, Fitch Ratings has grown rapidly during the past decade gaining market presence throughout the world and across all fixed income markets.Companhia Siderurgica Nacional (CSN)Companhia Siderurgica Tubarao (CST)Metalurgica Gerdau S.A.Usinas Siderurgicas De Minas Gerais S.A. (USIMINAS)80090459800917678041717982273687847420703/13/2008 10:08:00 AM01030000010312000103120285Press ReleaseCSNA3GOAU3USIM3411553_pr_frameCredit & Investment ResearchFitchResearchhttp://www.alacrastore.com/storecontent/cs/66394cs/66394norm Earnings Note: CSN #Q## - Following Brazil's Strength Fourth-quarter sales increased ##% YoY to BRL#.## billion, while adjusted EBITDA increased ##% to BRL#.## billion.  For the full year, revenue increased ##% to BRL##.## billion,...663941074YesD0Article2001corphy1468Earnings Reports - Industrials/Consumer42High Yield3/13/2008 1:13:12 AM150CSN continues to benefit from Brazil's economic growth while prices internationally look to improve from lean inventories and higher input costs.66394Credit & Investment ResearchCreditSightshttp://www.alacrastore.com/storecontent/ccbn/T1794383ccbn/T1794383norm...Good morning, ladies and gentlemen. At this time, we would like to welcome everyone to the CSN fourth quarter #### earnings conference call. Today, we have with us the Company's executive officers. We would like to inform you that this event is being recorded and all participants will be in a listen only mode during the Company's presentation. After the Company's remarks are over, there will be a question and answer section. At that time, further instructions will be given. (OPERATOR INSTRUCTIONS). We have simultaneous webcast that can be accessed through the investor relations section of CSN's website, www.csn.com.br/ir. The slide presentation may be downloaded from this website. Please feel free to flip through the slides during this conference call. There will be a replay service for this call on the website. Before proceeding, let me mention that forward looking statements are being made under the safe harbor of the Securities Litigation Reform Act of ####. Forward looking statements... 3/12/2008 6:10:00 PMCompanhia Siderurgica Nacional54.0000FinalQ4 2007 Companhia Siderurgica Nacional Earnings Conference Call - English TranscriptSID11:00am ETTranscriptT1794383Credit & Investment ResearchThomson Street Eventshttp://www.alacrastore.com/storecontent/cs/58556cs/58556norm Earnings Note: CSN #Q## - Steel Pressure Second-quarter revenue increased ##% YoY to BRL#.## billion, while adjusted EBITDA increased ###% YoY to BRL#.## billion.  Results were strong, and with the return of the Presidente Vargas...585561779YesD0Article21491659corphy1468Earnings Reports - Industrials/Consumer42High Yield3/12/2008 2:16:00 PM150If the credit markets stabilize, the risk of an acquisition would increase, likely muting the degree of spread tightening in a bull scenario. If markets continue to penalize risk, CSN is likely to be under pressure as an EM steel company.200158556Credit & Investment ResearchCreditSightshttp://www.alacrastore.com/storecontent/fitch/372968_report_framefitch/372968_report_framepdfFitch Ratings is a leading global rating agency committed to providing the world's credit markets with independent, timely and prospective credit opinions. Built on a foundation of organic growth and strategic acquisitions, Fitch Ratings has grown rapidly during the past decade gaining market presence throughout the world and across all fixed income markets.Companhia Siderurgica Nacional (CSN)800917672/19/2008 6:21:00 PM0103000001031200425Full Rating ReportCSNA3372968_report_frameCredit & Investment ResearchFitchResearch