Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes _______ No ___X____
NOTICE TO THE MARKET
COMPANHIA SIDERÚRGICA NACIONAL
Rua São José nº 20, Grupo 1602
Rio de Janeiro/RJ
Corporate Taxpayers Id. (CNPJ): 33.042.730/0001-04
COMPANHIA SIDERÚRGICA NACIONAL (CSN) hereby informs its shareholders and the public that, on this date, it signed two new long-term supply contracts with Gulf Industrial Investment Co. (E.C.) (GIIC), a company headquartered in Bahrain, to supply pellet feed produced by the Casa de Pedra Mine and the mines operated by NACIONAL MINÉRIOS S.A., CSNs wholly-owned subsidiary. The contracts envisage the supply of at least 183,300,000 (one hundred eighty-three million, three hundred thousand) tonnes of pellet feed over 25 (twenty-five) years, starting from 2009. The contractual terms, including those relating to price and price adjustment criteria, are in line with the market practices in the international iron ore industry.
CSN believes that these two new contracts reaffirm its objective of expanding its mining operations and underline its capacity, and reliability, to supply high quality iron ore.
Rio de Janeiro, June 10, 2008.
Companhia Siderúrgica Nacional
Otávio de Garcia Lazcano
Investor Relations Officer
COMPANHIA SIDERÚRGICA NACIONAL |
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By: |
/S/ Benjamin Steinbruch
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Benjamin Steinbruch
Chief Executive Officer |
By: |
/S/ Otávio de Garcia Lazcano
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Otávio de Garcia Lazcano
Chief Financial Officer and Investor Relations Officer |
This press release may contain forward-looking statements. These statements are statements that are not historical facts, and are based on management's current view and estimates of future economic circumstances, industry conditions, company performance and financial results. The words "anticipates", "believes", "estimates", "expects", "plans" and similar expressions, as they relate to the company, are intended to identify forward-looking statements. Statements regarding the declaration or payment of dividends, the implementation of principal operating and financing strategies and capital expenditure plans, the direction of future operations and the factors or trends affecting financial condition, liquidity or results of operations are examples of forward-looking statements. Such statements reflect the current views of management and are subject to a number of risks and uncertainties. There is no guarantee that the expected events, trends or results will actually occur. The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, and operating factors. Any changes in such assumptions or factors could cause actual results to differ materially from current expectations.