CSN PUBLISHES ADVERTISEMENT CRITICIZING NIPPON STEEL AND TECHINT FOR USIMINAS

The Brazilian CSN published this Monday an advertisement in "Valor" newspaper, criticizing the administration of Usiminas, especially Nippon Steel & Sumitomo Metals and Ternium-Techint.

CSN criticized mainly the capital increase of  1 billion reais (approximately US$ 320 million) in Usiminas decided by Nippon Steel and Techint, saying that this increase is not good for minority shareholders.

CSN is the biggest Brazilian shareholder of Usiminas.