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14/11 20:27 LEIA (CMA) Nr. 1314500310
(GER,MEC,EMP,IND)
CSN: OPERAÇÕES COM SWAPS CAUSARAM PERDAS DE R$ 1,3 BI NO 3T08
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14/11 20:22 LEIA (CMA) Nr. 1314500305
(GER,MEC,EMP,IND)
CSN: LUCRO LIQUIDO CAI 94,3% NO 3T08, PARA R$ 40 MI
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A coisa vai feder...
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Comentários
121 de 241
famcos
196 01/11/2008Two Thumbs up !!!
122 de 241
famcos
196 01/11/2008pega leve. Isso aqui e um forum de principiantes, semiprofissionais e palpiteiros. Espaco democratico, valeu!!!
Todos nos comprados, o meu caso compradasso, estamos tensos sim.
Li e reli este relatorio, ja fiz milhares de ligacoes, e ate agora nenhuma conclusao do que pode acontecer.
Vamos esperar. Uma coisa e certa, o resultado foi um alivio para muitos..
Abraco.
123 de 241
Nei
2723 10/09/2006que imbecilidade esse comentario!!!
esse topico e para rir????
kkkkkkkkkkkkk
124 de 241
med1na
5929 07/05/2007125 de 241
famcos
196 01/11/2008SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16 of the
Securities Exchange Act of 1934
For the month of July, 2008
Commission File Number 1-14732
COMPANHIA SIDERÚRGICA NACIONAL
(Exact name of registrant as specified in its charter)
National Steel Company
(Translation of Registrant's name into English)
Av. Brigadeiro Faria Lima 3400, 20º andar
São Paulo, SP, Brazil
04538-132
(Address of principal executive office)
Indicate by check mark whether the registrant files or will file annual reports
under cover Form 20-F or Form 40-F.
Form 20-F ___X___ Form 40-F _______
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____
MATERIAL FACT
COMPANHIA SIDERÚRGICA NACIONAL
Rua São José nº 20, Grupo 1602
Rio de Janeiro/RJ
CNPJ nº 33.042.730/0001-04
COMPANHIA SIDERÚRGICA NACIONAL (“CSN”) would like to inform its shareholders and the public at large that its subsidiary CSN Madeira Lda. ("CSN Madeira") has entered, on the date hereof, into a derivative transaction known in the market as Total Return Equity Swap with a first tier financial institution ("Counterparty"),which transaction has the scope of exchanging the return on assets (swap). The obligations of CSN Madeira are guaranteed by CSN. The transaction will substitute for previous swap transactions referenced in a similar number of ADRs of CSN which will mature on July 31, 2008.
Pursuant to the terms of the transaction, CSN Madeira will owe Counterparty a LIBOR-based interest rate on a notional amount corresponding to the average price of approximately 29.7 million American Depositary Receipts ("ADRs") representing common stock of CSN ("Notional Amount"), and the Counterparty will owe CSN an amount corresponding to the appreciation of the ADRs forming the Notional Amount and to the dividends allocated to such ADRs.
CSN Madeira will not have any voting right in respect of the ADRs or its underlying CSN shares forming the Notional Amount.
This financial investment reflects the perception of CSN management as to the potential for appreciation of its stock. However, like in any other financial investment, potential gains or losses will depend on the financial and capital market conditions upon maturity of the transaction and on the market value of CSN's common stock.
CSN believes that the counterparties (and/or their affiliates) to the swaps maturing this month and the new swap transactions may operate in the markets where CSN's shares or ADRs are traded in order to unwind and initiate hedge positions for each counterparty’s exposure under its respective swap agreements. It is not possible to predict, at this moment, the effect of these market activities on the trading prices of CSN's shares and/or ADRs.
Rio de Janeiro, July 11, 2008.
Companhia Siderúrgica Nacional
Otávio de Garcia Lazcano
Diretor Executivo de Relações com Investidores
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Date: July 11, 2008
COMPANHIA SIDERÚRGICA NACIONAL
By:
/S/ Benjamin Steinbruch
Benjamin Steinbruch
Chief Executive Officer
126 de 241
famcos
196 01/11/2008SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16 of the
Securities Exchange Act of 1934
For the month of September, 2008
Commission File Number 1-14732
COMPANHIA SIDERÚRGICA NACIONAL
(Exact name of registrant as specified in its charter)
National Steel Company
(Translation of Registrant's name into English)
Av. Brigadeiro Faria Lima 3400, 20º andar
São Paulo, SP, Brazil
04538-132
(Address of principal executive office)
Indicate by check mark whether the registrant files or will file annual reports
under cover Form 20-F or Form 40-F.
Form 20-F ___X___ Form 40-F _______
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
CNPJ nº 33.042.730/0001 -04
COMPANHIA SIDERURGICA NACIONAL (BOVESPA: CSNA3; NYSE: SID) hereby informs its shareholders and market participants, in light of news recently published by the press and the re-opening of its share repurchase program, as follows:
1. The company has a conservative financial management policy relating to its investments and assets. The purpose of this policy is to protect its cash flow and balance sheet. The company does not have any leveraged transactions relating to fixed income or foreign exchange derivatives, including transactions relating to “double indexed” or “target forward” derivatives. The objective of eventual foreign exchange derivative transactions is to hedge against foreign exchange exposures. The company’s foreign exchange exposure, in the context of the company’s operations, remained immaterial throughout the year.
2. On April 2nd, 2003, the company entered into an equity swap transaction. The transaction has been renewed since then. The terms and conditions applicable to the latest renewal are reflected in a press release (i.e., “fato relevante”) dated July 11th, 2008. Pursuant to the terms and conditions of such last renewal, the company owes to its counterparty a LIBOR-based interest rate on a notional amount corresponding to the average price of approximately American Depositary Receipts ("ADRs") representing common stock of the company, while the counterparty owes the company an amount corresponding to the appreciation of the ADRs corresponding to the notional amount and to the dividends allocated to such ADRs. Since its inception, the financial result of this transaction is reported in the notes to the company’s financial statements. The transactions’ aggregate financial result, from April 2nd, 2003 to September 26th, 2008, corresponds to approximately US$845 million.
3. The company has a solid financial position and does business solely with first tier financial institutions. The company’s cash availability on September 26th, 2008, corresponded to approximately US$1.7 billion.
4. As recently covered by the press, there are negotiations in progress concerning an eventual sale of an equity interest, or investment in, Nacional Minérios S.A., a subsidiary of the company.
Companhia Siderúrgica Nacional
Otávio de Garcia Lazcano
Investor Relations Officer
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Date: September 29, 2008
COMPANHIA SIDERÚRGICA NACIONAL
By:
/S/ Benjamin Steinbruch
Benjamin Steinbruch
Chief Executive Officer
By:
/S/ Otávio de Garcia Lazcano
Otávio de Garcia Lazcano
Chief Financial Officer and Investor Relations Officer
127 de 241
med1na
5929 07/05/2007128 de 241
TUBINHA
1738 14/03/2008Perda de confiança do investidor é o pior cenário para ações...
Deve abrir a uns -15%...
Abs!!!
129 de 241
mson77
3173 22/10/2008COMPANHIA Siderúrgica Nacional (BOVESPA: CSNA3, NYSE: SID) informa os seus sócios e participantes do mercado, em função das notícias publicadas recentemente pela imprensa e os re-abertura do programa a sua parte reporte, como segue:
1. A empresa possui uma política conservadora de gestão financeira relativos aos seus investimentos e activos. O objectivo desta política é a de proteger o seu fluxo de caixa e do balanço. A empresa não tem qualquer alavancados relativas a operações de renda fixa e derivativos cambiais, incluindo operações relativas a uma "dupla indexação" ou "meta transmitir" derivados. O objectivo da futura moeda estrangeira é a de operações de derivados hedge contra riscos cambiais. A exposição cambial da empresa, no contexto das operações da companhia, permaneceu indiferente ao longo do ano.
2. Em 2 de abril de 2003, a empresa entrou em operação um equity swap. A transação foi renovado desde então. Os termos e as condições aplicáveis à renovação são os mais recentes reflecte-se num comunicado de imprensa (ou seja, "fato relevante"), datado de 11 de julho de 2008. Em conformidade com as cláusulas e condições dessa última renovação, a empresa deve a sua contraparte com base em uma taxa de juros LIBOR sobre um montante teórico correspondente ao preço médio de cerca de American Depositary Receipts ( "ADRs") representando ações ordinárias da companhia, enquanto A contraparte, a empresa deve a um montante correspondente à valorização do ADRs correspondente ao valor nocional e para os dividendos atribuídos a tais ADR. Desde a sua criação, o resultado financeiro desta operação é relatada nas notas às demonstrações financeiras da companhia. As operações «resultado financeiro global, a partir de 2 de abril de 2003 a 26 de setembro de 2008, corresponde a aproximadamente E.U. $ 845 milhões.
3. A empresa possui uma sólida posição financeira e faz negócios exclusivamente com a primeira linha das instituições financeiras. As disponibilidades de caixa da empresa em 26 de setembro de 2008, correspondia a aproximadamente E.U. $ 1,7 bilhões.
4. Tal como foi recentemente coberto pela imprensa, há negociações em curso relativo a uma eventual venda de um interesse no capital próprio, ou o investimento em, minérios Nacional, SA, uma subsidiária da empresa.
130 de 241
Andrebroker
12760 11/12/2007131 de 241
badgers51
6134 04/09/2007Amanhã o reflexo de tal notícia vai ser visto.
132 de 241
milfont
205 26/02/2007133 de 241
junioor
35 03/12/2007134 de 241
schiavon
89 05/11/2007135 de 241
Andrebroker
12760 11/12/2007Sem dúvida, mercado procura motivos para punir, esse vai ser um prato cheio.
136 de 241
spokier
148 06/01/2007è o inferno novamente!!!!!!!!!!!!!!!!!!!!!!
137 de 241
Benevides
7277 15/11/2007matou a pau..." credibilidade"...perdeu é creu.
138 de 241
med1na
5929 07/05/2007NAO RESOLVERAM NADA,,,,SO TROLOLO!!!
139 de 241
mmayrink
814 10/02/2008140 de 241
xingling
4355 29/11/2007Então tomara que caia pra baixo de 11,47 que é o que ela vale.
Se beirar os 9 reais eu compro esta bagaça.