• Steel sales totaled 1.4 million tonnes in 1Q15, 12% up on 4Q14. Of this total, 63% went to the domestic market and 37% to foreign market;
• Net revenue from steel operations totaled R$3,123 million, a 14% improvement over 4Q14;
• Consolidated net revenue totaled R$4,0 billion in 1Q15, 5.0% up on the previous quarter;
• Gross profit totaled R$985 million, 7% up on the previous three months;
• Consolidated net income of R$392 million in 1Q15, R$325 million higher than in 4Q14.

The full Earnings Release is available on CSN's IR website at www.csn.com.br/ir.