Itr - 1Q13

ITR- Quarterly Information 03/31/2013 USINAS SIDERRGICAS DE MINAS GERAIS SA
Table of Contents Company Data

Capital Composition 1
Individual Financial Statements

Balance Sheet Assets Balance Sheet Liabilities 2 3
Statement of Income Comprehensive Statement of Income Statement of Cash Flows Statement of Changes in Net Equity SCNE - 01/01/2013 to 03/31/2013 SCNE - 01/01/2012 to 03/31/2012 Statement of Value Added 9
5 6 7
10
Consolidated Financial Statements

Balance Sheet Assets Balance Sheet Liabilities Statement of Income Comprehensive Statement of Income Statement of Cash Flows Statement of Changes in Net Equity SCNE - 01/01/2013 to 03/31/2013 SCNE - 01/01/2012 to 03/31/2012 Statement of Value Added Explanatory Notes 17 18 19 20 11 12 14 15 16
Company Data 1
Number of Shares (Units) Paid-up Capital Common Preferred Total In Treasury Common Preferred Total
Current Quarter
03/31/2013
505,260,684 508,525,506 1,013,786,190 2,526,654 24,060,356 26,587,010
Individual Financial Statements / Balance Sheet Assets
(In
thousands of Reais) Account Description Total Assets Current Assets Cash and Cash Equivalents Financial Investments Marketable Securities Accounts Receivable Trade Receivables Inventories Other Current Assets Other Taxes Recoverable Dividends Receivable Advances to Suppliers Financial Instruments Other Non-Current Assets Long term Receivables Accounts Receivable Deferred Taxes Deferred income tax and social contribution Credits with Related Parties Other Non-Current Assets Judicial Deposits Deposits for tax incentives Properties for sales Financial Instruments Taxes recoverable Other Investments Equity Investments Interest in Associated Companies Interest in Subsidiaries Interest in Jointly Controlled Subsidiaries Property, Plant and Equipment Property, Plant and Equipment in operation Construction in progress Intangible assets Current Quarter 03/31/2013 28,993,571 5,332,657 854,109 14,158 14,158 919,705 919,705 2,987,846 556,839 556,839 254,797 136,143 3,833 0 162,066 23,660,914 1,851,515 22,701 1,135,149 1,135,149 69,363 624,302 401,718 290 8,286 138,914 63,728 11,366 7,870,127 7,870,127 142,958 6,985,693 741,476 13,793,456 12,293,226 1,500,230 145,816 Prior Year 12/31/2012 29,667,154 5,829,216 1,251,103 9,137 9,137 949,368 949,368 2,985,220 634,388 634,388 369,678 129,936 5,120 22,440 107,214 23,837,938 1,935,331 23,176 1,058,842 1,058,842 69,862 783,451 391,956 290 8,020 281,356 70,063 31,766 7,780,318 7,780,318 143,040 6,938,944 698,334 13,974,626 12,478,158 1,496,468 147,663
Account Code 1 1.01 1.01.01 1.01.02 1.01.02.03 1.01.03 1.01.03.01 1.01.04 1.01.08 1.01.08.03 1.01.08.03.01 1.01.08.03.02 1.01.08.03.03 1.01.08.03.04 1.01.08.03.05 1.02 1.02.01 1.02.01.03 1.02.01.06 1.02.01.06.01 1.02.01.08 1.02.01.09 1.02.01.09.03 1.02.01.09.04 1.02.01.09.05 1.02.01.09.06 1.02.01.09.07 1.02.01.09.08 1.02.02 1.02.02.01 1.02.02.01.01 1.02.02.01.02 1.02.02.01.03 1.02.03 1.02.03.01 1.02.03.03 1.02.04

Individual Financial Statements / Balance Sheet Liabilities
(In thousands of Reais) Account Code 2 2.01 2.01.01 2.01.02 2.01.03 2.01.04 2.01.04.01 2.01.04.02 2.01.05 2.01.05.01 2.01.05.02 Account Description Total Liabilities Current Liabilities Social Security and Labor Obligations Suppliers Tax Obligations Loans and Financing Loans and Financing Debentures Other Obligations Liabilities with Related Parties Other Current Quarter 03/31/2013 28,993,571 3,521,409 180,801 1,728,280 70,749 683,794 672,371 11,423 857,785 611,960 245,825 914 147,484 25,417 38,808 33,202 8,925,556 7,118,006 6,120,556 997,450 120,835 41,235 79,600 32,683 5,888 41,029 1,686,715 1,668,671 1,409,743 258,928 18,044 18,044 16,546,606 12,150,000 221,836 3,871,384 699,587 3,171,797 -133,060 436,446 871,258 -618,951 190,400 0 -6,261 0 Prior Year 12/31/2012 29,667,154 4,690,077 185,127 1,833,050 76,082 1,551,357 1,293,693 257,664 1,044,461 794,316 250,145 915 165,209 31,107 42,209 10,705 8,368,648 6,563,581 6,563,581 0 140,763 41,444 99,319 30,737 15,056 53,526 1,664,304 1,642,887 1,396,812 246,075 21,417 21,417 16,608,429 12,150,000 219,684 3,871,384 699,587 3,171,797 0 367,361 871,258 -592,487 194,530 -104 -121,597 15,761
2.01.05.02.01 Dividends and Interest on Own Capital Payable 2.01.05.02.04 Accounts Payable 2.01.05.02.05 Taxes Payable in Installments 2.01.05.02.06 Financial Instruments 2.01.05.02.07 Advances from clients 2.02 2.02.01 2.02.01.01 2.02.01.02 2.02.02 2.02.02.01 2.02.02.02 Non-Current Liabilities Loans and Financing Loans and Financing Debentures Other Obligations Liabilities with Related Parties Other
2.02.02.02.03 Taxes Payable in Installments 2.02.02.02.04 Financial Instruments 2.02.02.02.05 Other payables 2.02.04 2.02.04.01 Provisions Tax Social Security Labor and Civil Provisions
2.02.04.01.02 Social Security and Labor Provisions 2.02.04.01.05 Contingent Liabilities 2.02.04.02 2.03 2.03.01 2.03.02 2.03.04 2.03.04.01 2.03.04.10 2.03.05 2.03.06 2.03.06.01 2.03.06.02 2.03.06.03 2.03.06.04 2.03.06.05 2.03.06.06 Other Provisions Net Equity Realized Capital Capital Reserves Revenue Reserves Legal Reserve For investments and working capital Retained earnings/Accumulated losses Equity Valuation Adjustments Result from capital transaction Actuarial gains and losses with Retirement Benefits Indexation of property, plant and equipment (IAS 29) Accumulated Translation Adjustments Cash Flow Hedge Reserve Other 2.02.04.02.03 Provision for Environmental Liabilities and Demobilization

Individual Financial Statements / Statement of Income
(In thousands of Reais) Account Code 3.01 3.02 3.03 3.04 3.04.01 3.04.02 3.04.04 3.04.05 3.04.06 3.04.06.01 3.04.06.02 3.04.06.03 3.05 3.06 3.07 3.08 3.08.01 3.08.02 3.09 3.11 3.99 3.99.01 3.99.01.01 3.99.01.02 3.99.02 3.99.02.01 3.99.02.02 Account Description Revenue from Sale of Assets and/or Services Cost of Assets and/or Services Sold Gross Result Operating Income/Expenses Selling Expenses General and Administrative Other Operating Income Other Operating Expenses Equity in the Results In associated and subsidiaries Net capital deficiency Unrealized Profit in Transactions with Subsidiaries and Associated Result Before Financial Result and Taxes Financial Result Result Before Taxes on Profit Income Tax and Social Contribution on Net Income Current Deferred Net Result from Continued Operations Net Income/Loss for the Period Net Income per Share(Reais/Share) Basic Earnings per Share ON PN Earnings per share diluted ON PN
01/01/2013 to 03/31/2013
Accumulated Current Year 2,666,305 -2,654,720 11,585 -35,572 -43,348 -99,802 77,090 -65,362 95,850 99,608 0 -3,758 -23,987 -251,716 -275,703 122,089 0 122,089 -153,614 -153,614
01/01/2012 to 03/31/2012
Accumulated Prior Year 2,551,772 -2,580,074 -28,302 -43,158 -33,017 -58,998 18,596 -23,464 53,725 26,799 26,926 0 -71,460 -56,136 -127,596 56,761 -54 56,815 -70,835 -70,835
-0.15 -0.16 -0.15 -0.16
-0.07 -0.08 -0.07 -0.08

Individual Financial Statements / Comprehensive Statement of Income
(In thousands of Reais) Account Code 4.01 4.02 4.02.01 4.02.02 4.02.04 4.03 Account Description Net Income for the Period Other Comprehensive Income Actuarial gain (loss) with retirement benefits Exchange variation on foreign subsidiaries Hedge Accounting Comprehensive Income for the Period Accumulated Current Year -153,614 88,976 -26,464 104 115,336 -64,638 Accumulated Prior Year -70,835 24,674 -13,008 -284 37,966 -46,161
01/01/2013 to 03/31/2013
01/01/2012 to 03/31/2012

Individual Financial Statements / Statement of Cash Flow Indirect Method
(In thousands of Reais) Account Code 6.01 6.01.01 Account Description Cash Flows from Operating Activities Cash Generated in Operations Accumulated Current Year -242,246 162,799 -153,614 251,995 32,267 228,254 -31,187 -95,850 2,815 -122,089 34,730 15,478 -405,045 -5,021 29,663 -23,622 121,216 499 -14,076 15,259 -104,770 22,497 -182,565 -5,333 -42,645 -27,616 -188,531 -78,183 1,421 -65,834 -13,811 41 -48,121 1,302,532 -1,343,980 -7,476 804 -1 -28,444 -396,994 1,251,103 854,109 Accumulated Prior Year 991,564 55,896 -70,835 -12,503 73,280 191,648 324 -53,725 1,649 -56,815 3,913 -21,040 935,668 124,396 -77,424 223,461 171,864 1,118 -19,558 -28,186 288,024 4,035 409,893 27,931 -40,138 -57,044 -92,704 -486,298 0 -480,070 -11,810 5,582 -303,093 317,113 -604,306 -8,367 -7,517 -16 -3,816 198,357 363,586 561,943
01/01/2013 to 03/31/2013
01/01/2012 to 03/31/2012
6.01.01.01 Net income (loss) for the year 6.01.01.02 Indexation charges and foreign exchange gains/losses, net 6.01.01.03 Interest expenses 6.01.01.04 Depreciation and amortization 6.01.01.05 Losses/(gains) on sale of property, plant and equipment 6.01.01.07 Equity in the Results 6.01.01.08 Stock Option Plan 6.01.01.09 Deferred income tax and social contribution 6.01.01.10 Changes in provisions 6.01.01.11 Actuarial losses (gains) 6.01.02 Changes in Assets and Liabilities 6.01.02.01 Marketable Securities 6.01.02.02 Trade receivables 6.01.02.03 Inventories 6.01.02.04 Taxes recoverable 6.01.02.05 Receivables from related companies 6.01.02.06 Judicial Deposits 6.01.02.07 Other (increase) decrease in assets 6.01.02.08 Suppliers, Contractors and Freights 6.01.02.09 Advances from customers 6.01.02.10 Payables to related companies 6.01.02.11 Taxes payable 6.01.02.12 Payment of actuarial liability 6.01.02.13 Other (increase) decrease in liabilities 6.01.02.14 Interest paid 6.02 6.02.01 6.02.02 6.02.04 6.02.05 6.03 6.03.01 6.03.02 6.03.03 6.03.04 6.03.05 6.04 6.05 6.05.01 6.05.02 Cash flow from Investing Activities Amount received on disposal (acquisition) of fixed assets Purchase of property, plant and equipment Purchase of intangible assets Dividends Received Cash flow from Financing Activities New borrowings, financing and debentures Repayment of borrowings and financing Taxes paid in installments Settlement of swap transactions Dividends and interest on own capital Foreign exchange variation on cash and cash equivalents Increase (Decrease) in Cash and Cash Equivalents Opening balance of Cash and Cash Equivalents Closing balance of Cash and Cash Equivalents
Individual Financial Statements / Statements of Changes in Equity - 01/01/2013 to 03/31/2013
(in thousands of Reais) Account Code 5.01 5.02 5.03 5.04 5.04.03 5.05 5.05.01 5.05.02 5.05.02.06 5.05.02.07 5.05.02.08 5.05.02.09 5.06 5.06.04 5.07 Capital Reserves, Options Granted and Treasury Stock 219,684 0 219,684 2,152 2,152 0 0 0 0 0 0 0 0 0 221,836 Retained Other Revenue Earnings/Accumulated Comprehensive Reserve Losses Results 3,871,384 0 3,871,384 0 0 0 0 0 0 0 0 0 0 0 3,871,384 0 0 0 663 663 -149,484 -153,614 4,130 0 0 0 4,130 15,761 15,761 -133,060 367,361 0 367,361 0 0 84,846 0 84,846 -26,464 104 115,336 -4,130 -15,761 -15,761 436,446
Account Description Opening balance Prior Year Adjustments Adjusted opening balances Capital transactions with shareholders Recognized Granted Options Total Comprehensive Result Net income for the period Other Comprehensive Results Actuarial loss (gain) with retirement benefits Exchange rate changes on foreign associated and other changes Hedge of Cash Flow in Parent Company Adjustment property, plant and equipment IAS 29 Internal Changes in Net Equity Other Changes Closing Balances
Paid- up Capital 12,150,000 0 12,150,000 0 0 0 0 0 0 0 0 0 0 0 12,150,000
Net Equity 16,608,429 0 16,608,429 2,815 2,815 -64,638 -153,614 88,976 -26,464 104 115,336 0 0 0 16,546,606
Individual Financial Statements / Statements of Changes in Equity - 01/01/2012 to 03/31/2012

(In thousands of Reais) Account Code 5.01 5.02 5.03 5.04 5.04.03 5.04.08 5.05 5.05.01 5.05.02 5.05.02.06 5.05.02.07 5.05.02.08 5.05.02.09 5.07 Account Description Opening balance Prior Year Adjustments Adjusted opening balances Capital transactions with shareholders Recognized Granted Options Prescribed dividends Total Comprehensive Result Net income for the period Other Comprehensive Results Adjustment property, plant and equipment IAS 29 Constitution Hedge of Cash Flow Actuarial loss (gain) with retirement benefits Exchange rate changes on foreign subsidiaries Closing Balances Paid- up Capital 12,150,000 0 12,150,000 0 0 0 0 0 0 0 0 0 0 12,150,000 Capital Reserves, Options Granted and Treasury Stock 2,274 0 2,274 315 315 0 0 0 0 0 0 0 0 2,589 Revenue Reserve 4,490,822 0 4,490,822 0 0 0 0 0 0 0 0 0 0 4,490,822 Retained Earnings/Accumulated Losses 0 0 0 415 0 415 -66,575 -70,835 4,260 4,260 0 0 0 -66,160 Other Comprehensive Results 640,697 0 640,697 0 0 0 20,414 0 20,414 -4,260 37,966 -13,008 -284 661,111 Net Equity 17,283,793 0 17,283,793 730 315 415 -46,161 -70,835 24,674 0 37,966 -13,008 -284 17,238,362

Individual Financial Statements / Statement of Value Added
(In thousands of Reais) Account Code 7.01 7.01.01 7.01.02 7.01.04 7.02 7.02.01 7.02.02 7.03 7.04 7.04.01 7.05 7.06 7.06.01 7.06.02 7.06.03 Account Description Revenues Sales of Goods, Products and Services Other Revenues Provision/Reversal of Allowance for Doubtful Accounts Inputs Acquired from Third Parties Cost of Products, Goods and Services Sold Materials, Energy, Third Party Services and Other Gross Value Added Retentions Depreciation, Amortization and Depletion Net Value Added Value Added Received in Transfer Equity in the Results Financial Income Other Accumulated Current Year 3,522,004 3,513,054 8,950 0 -2,852,889 -2,732,117 -120,772 669,115 -228,254 -228,254 440,861 324,097 95,850 40,002 188,245 -15,479 203,724 764,958 764,958 236,503 186,503 32,607 17,393 186,627 36,385 138,586 11,656 495,442 345,490 149,952 -153,614 -153,614 Accumulated Prior Year 3,411,766 3,410,768 2,691 -1,693 -2,722,369 -2,591,239 -131,130 677,531 -191,648 -191,648 497,749 290,607 53,725 46,653 190,229 21,040 169,189 788,356 788,356 243,429 202,823 21,620 18,986 343,784 114,411 220,024 9,349 271,978 147,488 124,490 -70,835 -70,835
01/01/2013 to 03/31/2013
01/01/2012 to 03/31/2012
7.06.03.01 Actuarial Gains (losses) 7.06.03.02 Net foreign Exchange variations 7.07 7.08 7.08.01 Total Value Added to be distributed Distribution of Value Added Personnel
7.08.01.01 Direct Remuneration 7.08.01.02 Benefits 7.08.01.03 Severance Fund (F.G.T.S). 7.08.02 Taxes, Fees and Contributions 7.08.02.01 Federal 7.08.02.02 State 7.08.02.03 Municipal 7.08.03 Third Party Capital Remuneration 7.08.03.01 Interest 7.08.03.03 Other 7.08.04 7.08.04.03 Own Capital Remuneration Retained Earnings / Loss for the Period

Consolidated Financial Statements/Balance Sheet - Assets
(In thousands of Reais) Account Code 1 1.01 1.01.01 1.01.02 1.01.02.03 1.01.03 1.01.03.01 1.01.04 1.01.08 1.01.08.03 1.01.08.03.01 1.01.08.03.02 1.01.08.03.03 1.01.08.03.04 1.01.08.03.05 1.02 1.02.01 1.02.01.06 1.02.01.06.01 1.02.01.08 1.02.01.09 1.02.01.09.04 1.02.01.09.05 1.02.01.09.06 1.02.01.09.07 1.02.02 1.02.02.01 1.02.02.01.01 1.02.02.01.04 1.02.03 1.02.03.01 1.02.03.03 1.02.04 Account Description Total Assets Current Assets Cash and Cash Equivalents Financial Investments Marketable Securities Accounts Receivable Trade Receivables Inventories Other Current Assets Other Taxes recoverable Dividends Receivable Advances to Suppliers Other Accounts Receivable Financial Instruments Non-Current Assets Long Term Receivables Deferred taxes Deferred Income Tax and Social Contribution Credits with Related Parties Other non-current assets Judicial deposits Financial Instruments Taxes recoverable Other Investments Interest Corporation Interest in Associated Companies Other Interest Corporation Property, plant and equipment Property, plant and equipment in Operation Construction in Progress Intangible assets Current Quarter 03/31/2013 31,945,784 10,172,779 2,687,056 1,552,163 1,552,163 1,599,098 1,599,098 3,693,606 640,856 640,856 380,531 15,822 26,721 185,168 32,614 21,773,005 2,385,153 1,605,919 1,605,919 19,848 759,386 441,561 143,631 126,228 47,966 1,231,420 1,231,420 456,282 775,138 15,751,008 13,461,421 2,289,587 2,405,424 Prior Year 12/31/2012 32,605,145 10,706,114 3,123,318 1,537,558 1,537,558 1,568,105 1,568,105 3,767,984 709,149 709,149 485,093 12,134 33,178 128,651 50,093 21,899,031 2,450,695 1,513,879 1,513,879 19,636 917,180 430,531 286,508 131,583 68,558 1,182,052 1,182,052 450,146 731,906 15,852,506 13,651,283 2,201,223 2,413,778

Consolidated Financial Statements / Balance Sheet - Liabilities
(In thousands of Reais) Account Code 2 2.01 2.01.01 2.01.02 2.01.03 2.01.03.01 Account Description Total Liabilities Current Liabilities Social and Labor Obligations Suppliers Tax Obligations Federal Tax Obligations Current Quarter 03/31/2013 31,945,784 4,282,912 273,104 2,205,921 145,556 145,556 39,129 106,427 759,342 747,919 11,423 898,989 210,504 688,485 27,196 26,422 38,808 202,881 177,605 215,573 9,181,815 7,021,539 6,024,089 997,450 382,867 382,867 43,314 164,391 133,204 41,958 1,777,409 1,701,896 1,409,743 292,153 75,513 75,513 18,481,057 12,150,000 221,836 3,871,384 699,587 3,171,797 -133,060 436,446 871,258 Prior Year 12/31/2012 32,605,145 5,401,055 279,233 2,280,432 198,029 198,029 83,185 114,844 1,658,487 1,400,823 257,664 984,874 204,920 779,954 26,635 32,103 42,209 279,297 178,249 221,461 8,691,017 6,339,267 6,339,267 0 597,977 597,977 41,483 323,790 178,249 54,455 1,753,773 1,676,070 1,396,812 279,258 77,703 77,703 18,513,073 12,150,000 219,684 3,871,384 699,587 3,171,797 0 367,361 871,258
2.01.03.01.01 Income Tax and Social Contribution Payable 2.01.03.01.02 Taxes Payable 2.01.04 2.01.04.01 2.01.04.02 2.01.05 2.01.05.01 2.01.05.02 Loans and Financing Loans and Financing Debentures Other Obligations Liabilities with Related Parties Other
2.01.05.02.01 Dividends and Interest on Own Capital Payable 2.01.05.02.04 Taxes Payable in Installments 2.01.05.02.05 Financial Instruments 2.01.05.02.06 Advances from Customers 2.01.05.02.07 Accounts Payable for Acquisition of Investments 2.01.05.02.08 Accounts Payable 2.02 2.02.01 2.02.01.01 2.02.01.02 2.02.02 2.02.02.02 2.02.02.02.04 Non-Current Liabilities Loans and Financing Loans and Financing Debentures Other Obligations Other Financial Instruments
2.02.02.02.03 Taxes Payable in Installments 2.02.02.02.05 Accounts Payable for Acquisition of Investments 2.02.02.02.06 Other 2.02.04 2.02.04.01 2.02.04.01.05 2.02.04.02 2.03 2.03.01 2.03.02 2.03.04 2.03.04.01 2.03.04.10 2.03.05 2.03.06 2.03.06.01 Provisions Tax Social Labor and Civil Provisions Contingent Liabilities Other Provisions Consolidated Equity Realized Capital Share Capital reserves Revenue Reserves Legal Reserve For Investments and Working Capital Retained Earnings/Accumulated Deficit Equity valuation adjustments Result in capital transaction
2.02.04.01.02 Social Security and Labor Provisions
2.02.04.02.03 Provisions for Environmental Liabilities and Demobilization

2.03.06.02 2.03.06.03 2.03.06.04 2.03.06.05 2.03.06.06 2.03.09 Actuarial gains and losses with retirement benefits Restatement of property, plant and equipment (IAS 29) Accumulated Translation Adjustments Cash Flow Hedge Reserve Other Non-controlling interest -618,951 190,400 0 -6,261 0 1,934,451 -592,487 194,530 -104 -121,597 15,761 1,904,644

Consolidated Financial Statements/Statement of Income
(In thousands of Reais) Account Code 3.01 3.02 3.03 3.04 3.04.01 3.04.02 3.04.04 3.04.05 3.04.06 3.05 3.06 3.07 3.08 3.08.01 3.08.02 3.09 3.11 3.11.01 3.11.02 3.99.01.01 3.99.01.02 3.99.02 3.99.02.01 3.99.02.02 Account Description Revenue from Sale of Assets and/or Services Cost of Assets and/or Services Sold Gross Result Operating Expenses/Income Selling Expenses General and Administrative Expenses Other Operating Income Other Operating Expenses Equity in the Results Result Before Financial Result and Taxes Financial Result Result Before taxes on Profit Income Tax and Social Contribution on Net Income Current Deferred Net Result from Continued Operations Consolidated Net Income/Loss for the Period Attributed to Parent Company shareholders Attributed to Noncontrolling interest ON PN Diluted Earnings per Share ON PN -0.15 -0.16 -0.07 -0.08 Accumulated Current Year 01/01/2013 to 03/31/2013 3,194,709 -2,987,542 207,167 -169,766 -92,881 -142,172 84,137 -72,689 53,839 37,401 -236,150 -198,749 76,054 -61,796 137,850 -122,695 -122,695 -153,614 30,919 -0.15 -0.16 Accumulated Prior Year 01/01/2012 to 03/31/2012 2,882,120 -2,729,679 152,441 -177,255 -79,204 -108,815 21,259 -40,729 30,234 -24,814 -29,514 -54,328 17,528 -43,685 61,213 -36,800 -36,800 -70,835 34,035 -0.07 -0.08

Consolidated Financial Statements/Comprehensive Statement of Income
(In thousands of Reais) Account Code 4.01 4.02 4.02.01 4.02.02 4.02.04 4.03 4.03.01 4.03.02 Account Description Consolidated Net Income for the Period Other Comprehensive Income Actuarial gain (loss) from Retirement Benefits Foreign exchange variation on foreign associated companies and other changes Hedge Accounting Consolidated Comprehensive Income for the Period Attributed to Parent Company Shareholders Attributed to Non-controlling interest Accumulated Current Year -122,695 88,976 -26,464 104 115,336 -33,719 -64,638 30,919 Accumulated Prior Year -36,800 24,674 -13,008 -284 37,966 -12,126 -46,161 34,035
01/01/2013 to 03/31/2013
01/01/2012 to 03/31/2012

Consolidated Financial Statements/Statement of Cash Flow Indirect Method
(In thousands of Reais) Account Code 6.01 6.01.01 6.01.01.01 6.01.01.02 6.01.01.03 6.01.01.04 6.01.01.05 6.01.01.07 6.01.01.08 6.01.01.09 6.01.01.10 6.01.01.11 6.01.02 6.01.02.01 6.01.02.02 6.01.02.03 6.01.02.04 6.01.02.05 6.01.02.06 6.01.02.07 6.01.02.08 6.01.02.09 6.01.02.10 6.01.02.11 6.01.02.12 6.01.02.13 6.01.02.14 6.01.02.15 6.02 6.02.01 6.02.02 6.02.03 6.02.04 6.02.05 6.03 6.03.01 6.03.02 6.03.03 6.03.04 6.03.05 6.04 6.05 6.05.01 6.05.02 Account Description Cash Flow from Operating Activities Cash Generated in Operations Net Income (loss) for the year Indexation charges and foreign exchange gain/losses, net Interest expenses Depreciation and amortization Result from sale of property, plant and equipment Equity in the results Stock option plan Deferred Income Tax and Social Contribution Constitution (reversal) of provisions Actuarial losses (gains) Changes in Assets and Liabilities Marketable Securities Trade Receivables Inventories Taxes recoverable Judicial deposits Receivables from related companies Other (increases) decreases in assets Suppliers, Contractors and Freights Payables to related companies Advances from customers Taxes payable Payment of actuarial liability Other increase (decrease) in liabilities Interest paid Income tax and social contribution payable Cash Flow from Investing Activities Amount received on disposal of investments Purchases of property, plant and equipment Proceeds from sale of fixed assets Purchase of intangible assets Dividends received Cash Flow from Financing Activities New borrowings, financing and debentures Repayment of borrowings, financing and debentures Taxes paid in installments Settlement of swap transactions Dividends and interest on own capital paid Exchange gains/losses on Cash and Cash Equivalents Increase (Decrease) in Cash and Cash Equivalents Opening Balance of Cash and Cash Equivalents Closing Balance of Cash and Cash Equivalents Accumulated Current Year 01/01/2013 to 03/31/2013 -97,930 231,125 -122,695 222,208 39,541 258,483 -31,146 -53,839 2,815 -137,850 38,130 15,478 -329,055 -14,605 -30,993 53,382 103,409 -15,967 -212 23,465 -74,511 5,584 -76,416 -8,417 -42,645 44,644 -196,622 -99,151 -233,343 -47,957 -173,248 1,468 -14,777 1,171 -76,545 1,313,289 -1,391,604 -7,730 10,065 -565 -28,444 -436,262 3,123,318 2,687,056 Accumulated Prior Year 01/01/2012 to 03/31/2012 964,260 138,089 -36,800 -11,580 75,667 217,762 -165 -30,234 1,649 -61,413 4,243 -21,040 826,171 492,075 -61,794 192,416 154,569 -20,905 86 -27,247 464,778 -50,616 21,130 20,649 -40,138 -54,165 -97,284 -167,383 -610,087 -42,490 -558,954 683 -12,190 2,864 -276,115 364,810 -630,108 -8,610 -2,191 -16 -3,816 74,242 2,842,422 2,916,664

Consolidated Financial Statements/Statements of Changes in Equity - 01/01/2013 to 03/31/2013
(In thousands of Reais) Account Code 5.01 5.02 5.03 5.04 5.04.03 5.04.06 5.05 5.05.01 5.05.02 Account Description Opening Balances Prior year Adjustments Adjusted Opening Balances Capital Transactions with Shareholders Recognized granted options Dividends Total Comprehensive Result Net Income for the Period Other Comprehensive Results Paid up Capital 12,150,000 0 12,150,000 0 0 0 0 0 0 0 0 0 0 0 0 12,150,000 Capital Reserves, Options Granted and Treasury Stock 0 2,152 2,152 0 0 0 0 0 0 0 0 0 0 Retained Other Revenue Earnings/Accumulated Comprehensive Reserves Deficit Results 0 0 0 663 663 0 -149,484 -153,614 4,130 0 0 0 4,130 15,761 15,761 -133,060 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 84,846 0 84,846 -26,464 104 115,336 -4,130 -15,761 -15,761 Net Equity Noncontrolling Consolidated Interest Net Equity 1,904,644 0 1,904,644 -1,126 0 -1,126 30,919 30,919 0 0 0 0 0 14 14 1,934,451 18,513,073 0 18,513,073 1,689 2,815 -1,126 -33,719 -122,3695 88,976 -26,464 104 115,336 0 14 14 18,481,057
219,684 3,871,384 219,684 3,871,384
367,361 16,608,429 0 2,815 2,815 0 -64,638 -153,614 88,976 -26,464 104 115,336 0 0 0 367,361 16,608,429
5.05.02.06 Actuarial loss (gain) with retirement benefits Foreign exchange variation in foreign associated 5.05.02.07 and other changes 5.05.02.08 Cash Flow Hedge in the Parent Company 5.05.02.09 Adjustment property, plant and equipment IAS 29 5.06 5.06.04 5.07 Internal Changes in Net Equity Other Changes Closing Balances
221,836 3,871,384
436,446 16,546,606

Consolidated Financial Statements/Statements of Changes in Equity - 01/01/2012 to 03/31/2012
(In thousands of Reais) Account Code 5.01 5.02 5.03 5.04 5.04.03 5.04.08 5.05 5.05.01 5.05.02 5.05.02.06 5.05.02.07 5.05.02.08 5.05.02.09 5.07 Account Description Opening Balances Prior year Adjustments Adjusted Opening Balances Capital Transactions with Shareholders Recognized granted options Prescribed Dividends Total Comprehensive Result Net Income for the Period Other Comprehensive Results Adjustment property, plant and equipment IAS 29 Hedge Accounting constitution Actuarial loss (gain) with retirement benefits Foreign exchange variation in foreign subsidiary Closing Balances Paid up Capital 12,150,000 0 12,150,000 0 0 0 0 0 0 0 0 0 0 12,150,000 Capital Reserves, Options Granted and Treasury Stock 2,274 0 2,274 315 315 0 0 0 0 0 0 0 0 2,589 Revenue Reserves 4,490,822 0 4,490,822 0 0 0 0 0 0 0 0 0 0 4,490,822 Retained Earnings/Accumulated Deficit 0 0 0 415 0 415 -66,575 -70,835 4,260 4,260 0 0 0 -66,160 Other Comprehensive Results 0 Net Equity Noncontrolling Interest 1,730,412 0 1,730,412 0 0 0 34,035 34,035 0 0 0 0 0 1,764,447 Consolidated Net Equity 19,014,205 0 19,014,205 730 315 415 -12,126 -36,800 24,674 0 37,966 -13,008 -284 19,002,809
640,697 17,283,793 0 640,697 17,283,793 0 0 0 20,414 0 20,414 -4,260 37,966 -13,008 -284 730 315 415 -46,161 -70,835 24,674 0 37,966 -13,008 -284
661,111 17,238,362
Consolidated Financial Statements/Statement of Value

(in thousands of Reais) Account Code 7.01 7.01.01 7.01.02 7.01.04 7.02 7.02.01 7.02.02 7.03 7.04 7.04.01 7.05 7.06 7.06.01 7.06.02 7.06.03 7.06.03.01 7.06.03.02 7.07 7.08 7.08.01 7.08.01.01 7.08.01.02 7.08.01.03 7.08.02 7.08.02.01 7.08.02.02 7.08.02.03 7.08.03 7.08.03.01 7.08.03.03 7.08.04 7.08.04.03 7.08.04.04 Account Description Revenues Sales of Goods, Products and Services Other Revenues Provision/Reversal of Allowance for Doubtful Accounts Inputs Acquired from Third Parties Costs of Products, Goods and Services Sold Materials, Energy, Third Party Services and Other Gross Value Added Retentions Depreciation, Amortization and Depletion Net Value Added Value Added Received in Transfer Equity in the Results Financial Income Other Actuarial Gains and Losses Net Foreign Exchange Variations Total Value Added to be Distributed Distribution of Value Added Personnel Direct Remuneration Benefits Severance Fund - F.G.T.S. Taxes, Fees and Contributions Federal State Municipal Remuneration of Third Party Capital Interest Other Remuneration of Own Capital Retained Earnings/Loss for the Period Non-controlling interest in Retained Earnings Accumulated Current Year 01/01/2013 to 03/31/2013 4,227,095 4,219,325 9,455 -1,685 -3,264,645 -3,060,819 -203,826 962,450 -258,483 -258,483 703,967 163,673 53,839 74,917 34,917 -15,479 50,396 867,640 867,640 481,466 413,539 42,389 25,538 147,406 92,526 40,195 14,685 361,463 375,528 -14,065 -14,065 -122,695 -153,614 30,919 Accumulated Prior Year 01/01/2012 to 03/31/2012 3,834,564 3,833,484 2,980 -1,900 -2,985,106 -2,751,771 -233,335 849,458 -217,762 -217,762 631,696 181,391 30,234 119,355 31,802 21,040 10,762 813,087 813,087 443,697 381,506 31,492 30,699 246,559 141,729 92,897 11,933 159,631 183,511 -23,880 -23,880 -36,800 -70,835 34,035
ded
7.08.03.03.01 Other

COMMENTS ON THE PERFORMANCE
See Earnings Release

1 Operations
Usinas Siderrgicas de Minas Gerais S.A. USIMINAS (Usiminas or the Company), headquartered in Belo Horizonte, State of Minas Gerais, operates in the steel industry and related activities. The Company produces flat rolled carbon steel at the Intendente Cmara plant in Ipatinga, State of Minas Gerais and the Jos Bonifcio de Andrada e Silva plant in Cubato, State of So Paulo, for the Brazilian domestic and export markets. The Company, through its subsidiaries, jointly-controlled and associated companies (collectively, the Usiminas companies), has several service and distribution centers in Brazil, in addition to the Cubato and Praia Mole ports located in the states of So Paulo and Esprito Santo, respectively, as strategic ports for shipping of its production. The Company's shares are listed for trading on the stock exchange in So Paulo (BM&FBOVESPA) under the tickers USIM3 and USIM5. The Company has been implementing measures to improve the operating performance, with the reduction of its net indebtedness. Among these, the increase in the level of use of the installed capacity in the plants, with better absorption of fixed costs, the reduction of structural expenses (selling and administrative); working capital reduction, remarkably of inventories of work in process, finished products and warehouse, and the reduction of investments in Capital Expenditure (Capex), should be highlighted. In addition, the Company has a significant volume of cash with its foreign subsidiaries. Aiming to increase its business, the Company holds direct or indirect investments in subsidiaries, jointly-controlled entities and associates, whose main activities are summarized below:
(a)
Subsidiaries Automotiva Usiminas S.A. (Automotiva Usiminas) Located in Pouso Alegre, State of Minas Gerais, manufactures and sells steel stamped parts. Cosipa Commercial Ltd. (Cosipa Commercial) Located in the Cayman Islands, was established in April 2006 to raise funds in the foreign market.
Cosipa Overseas Ltd. (Cosipa Overseas) Located in the Cayman Islands, established in February 1994 to optimize the Company's foreign trade operations, facilitate the purchase of imported raw materials and the export of steel products and to raise funds in the foreign market.

Minerao Usiminas S.A. (Minerao Usiminas or MUSA) - Headquartered in Belo Horizonte, State of Minas Gerais, is a partnership between the Company (70%) and Sumitomo Group (30%), with the main purpose of extracting and processing pellet-feed, sinter-feed and lump iron ore. Most of the production, which is extracted from mines located in the Serra Azul region in the iron quadrilateral of the State, is allocated to the consumption of the Company's steel plants. MUSA holds a 50% interest in the jointly controlled entity Modal Terminal de Granis Ltda. (Modal), headquartered in Itana, Minas Gerais, the main activities of which are the operation of road and rail cargo terminals, the storage and handling of ore and steel products and road transportation of cargo. It also holds a 22.2% interest in the associate Terminal de Cargas Sarzedo Ltda. (Terminal Sarzedo) headquartered in Sarzedo, Minas Gerais, the main activities of which are the storage of cargo, operation of a railroad terminal, warehousing, in addition to related services. MUSA also fully controls Usiminas Participaes e Logstica S.A. (UPL) headquartered in So Paulo, State of So Paulo, the sole activity of which is to directly hold shares and other securities issued by MRS Logstica S.A. MUSA acquired an interest in Minerao Ouro Negro S.A. (Minerao Ouro Negro) in 2011, as mentioned in Note 16 (d) (iii). Rios Unidos Logstica e Transporte de Ao Ltda. (Rios Unidos) Established in Guarulhos, State of So Paulo, the main activity of which is rendering road transportation services for cargo. Solues em Ao Usiminas S.A. (Solues Usiminas) Located in Belo Horizonte, State of Minas Gerais, has 14 industrial units strategically located throughout Brazil, the main purpose of which is to develop steel product solutions and operate as a distribution center. Solues Usiminas supplies the market with varied higher value added products, particularly to small and medium-sized customers and is a partnership between the Company (68.88%), Metal One (20%) and others (11.12%). Usiminas Commercial Ltd. (Usiminas Commercial) Established in 2006, with the purpose of raising foreign funding for the Company. Usiminas Europa A/S (Usiminas Europa) - Located in Copenhagen, Denmark, was established in 2005 to hold the Company's investments in the jointly controlled entities Usiminas Galvanized Steel ApS (Usiminas Galvanized ) and Usiminas Eletrogalvanized Steel ApS (Us iminas Eletrogalvanized), the main activity of which is to promote the sales to foreign customers of galvanized steel and electro galvanized steel produced by the Company. Usiminas International Ltd. - (Usiminas International) - Located in Luxembourg, established in 2001, to hold the Company's investments abroad and also the investments in Usiminas Portugal Servios de Consultoria Ltd. (Usiminas Portugal) located in Madeira Island. As mentioned in Note 16 (d) (v), Usiminas Portugal was liquidated on November 30, 2012. Usiminas Mecnica S.A. - (Usiminas Mecnica) - Located in Ipatinga, State of Minas Gerais, to manufacture equipment and installations utilized in the following industries: steel production, oil and gas, petrochemical, hydroelectric, mining, railroad transport, cement, pulp and paper, recovery of parts, rolls, heavy industry cylinders, plate stamping and cutting for serial auto parts, stationary dumpcarts and environmental control.
(b)
Jointly-controlled entities Unigal Usiminas Ltda (Unigal) - Located in Belo Horizonte, State of Minas Gerais, incorporated in 1998 as a joint venture between the Company (70%) and Nippon Steel Corporation (30%) to transform cold-rolled coils into galvanized coils via hot dipping, mainly for the automotive industry. Unigal's plant is located in Ipatinga, State of Minas Gerais, and has an installed capacity for the galvanization of 1,030 thousand metric tons of steel per year. Fasal Trading Brasil S.A (Fasal Trading Brasil). Created on November 30, 2009, is located in Belo Horizonte, State of Minas Gerais. Its main activity comprises the sale of steel and metallurgical products and the rendering of related services, as well as, the participation in the capital of other national or foreign companies with activities similar or supplementary to its own activities. Usiroll Usiminas Court Tecnologia em Acabamento Superficial Ltda. (Usiroll) - Located in Ipatinga, State of Minas Gerais, renders services, especially for the rectification of cylinders and reels.
(c)
Investments in associates Codeme Engenharia S.A. (Codeme)- Headquartered in Betim, State of Minas Gerais, manufactures and assembles iron constructions, mainly industrial buildings, commercial warehouses and multiple-floor buildings. Codeme has plants in Betim, State of Minas Gerais, and Taubat, State of So Paulo. Metform S.A. (Metform) - Headquartered in Betim, State of Minas Gerais, manufactures iron tiles, steel decks and galvanized accessories with or without painting. Metform has plants in Betim, State of Minas Gerais, and Taubat, State of So Paulo. MRS Logstica S.A. (MRS) - Located in Rio de Janeiro, State of Rio de Janeiro, MRS provides railroad transport and logistics services in the southeastern region of Brazil. The Company's holding in MRS represents a strategic investment for optimizing the supply of raw materials and the transport of finished products and third party cargo, mainly related to the operation of the Company's marine terminals.
Interim Financial Statements

The issue and disclosure of these interim financial statements included in the Guide of Quarterly Information (ITR) for the Parent Company and Consolidated were approved by the Statutory Board of the Company at a meeting held on April 25, 2013.
Presentation of the Interim Financial Statements and Summary of Principal Accounting Policies
The principal accounting policies applied in the preparation of these financial statements are consistent with the policies described in Note 3 to the Companys Financial Statements for the year ended December 31, 2012 as filed with the CVM. These policies have been consistently adopted for all the years presented, unless otherwise stated. The interim financial statements are presented in thousands of reais (R$ thousands), except when indicated in other way.
3.1 Preparation basis

(a) Individual interim financial statements Parent Company

The individual interim financial statements of Usiminas, presented as Parent Company, have been prepared in accordance with CPC 21, Interim Statements, based on the rules and regulations of the CVM. These interim financial statements should be read together with the Company financial statements for the year ended December 31, 2012. (b) Consolidated interim financial statements The consolidated interim statements, (Consolidated), have been prepared and are being presented in accordance with the CPC 21, Interim Statements, in accordance with CVM regulations. They have also been prepared in accordance with IAS 34, Presentation of Interim Financial Reports, based on CVM rules. These interim financial statements should be read together with the Company Financial Statements for the year ended December 31, 2012.
3.2 Accounting standards, amendments and interpretations that are not yet effective
In the quarter ended March 31, 2013, no standards, amendments and interpretations, except for those disclosed in Note 3.24 to the Companys financial statements for the year ended December 31, 2012, have been issued, nor amendments related to expected effects that have been previously disclosed that could affect the interim financial statements. As from 2013 the Company applied IFRS 11 - "Joint Agreements", issued in May 2011, and included as amendment to the text of CPC 19(R2) - Business Combination". Thus, as the proportional consolidation method is no longer permitted, the Company ceased to consolidate the jointly owned subsidiaries Fasal Trading Brasil, Unigal and Usiroll. Additionally, as from January 1, 2013, the interest in Fasal Trading Brasil (50%), Unigal (70%) and in Usiroll (50%) shall be recorded at the equity method. For comparison purposes, the balances as of December 31, 2012 and March 31, 2012 have been adjusted to reflect such change in accounting police.

4 Financial Risk Management
As at March 31, 2013, no alterations in the policies and management of financial risks occurred in relation to those disclosed in the Company financial statements for the year ended December 31, 2012. There were no significant alterations to the information related to: (a) cash flow of financial instruments; (b) foreign currency denominated assets and liabilities; (c) new loans and financing and debentures by currency and interest rate; (d) financial leverage index ;(e) classification of assets and liabilities measured at fair value and (f) fair value of loans and financing and of other financial assets and liabilities in relation to those disclosed in the Company financial statements at December 31, 2012 and, accordingly, Management decided not to repeat them in these interim financial statements at March 31, 2013.
4.1 Sensitivity analysis

In the preparation of the sensitivity analysis for derivative financial instruments, the Company used the quotations available in the financial market, (Broadcast, Bloomberg, BM&F). These quotations were used for the calculation of the future amounts of swap transactions and NDF to present the scenario considered to be probable by Management. Additionally, scenarios II and III were stressed based on factors of 25% and 50% from the base risk level deemed as probable by management.
(a) Sensitivity analysis - exchange rate and interest risk of derivative financial instruments (i) Parent company
Gain/(Loss) Transaction Risk Probable I (1,007) Probable II (1,588) 03/31/2013 Probable III (2,165)
Swap of interest
Increase in CDI Decrease in the price of zinc Decrease in LIBOR
Swap of commodities Swap of interest
(2,059) (10,735)
6,733) 11,594)
(11,406) (12,452)
(ii) Consolidated
Gain/(Loss) Transaction Risk Probable I (3,638) (2,059) (10,735) 1 Probable II (4,676) (6,733) 11,594) (45) 03/31/2013 Probable III (5,710) (11,406) (12,452) (92)
Swap of interest Swap of commodities Swap of interest Swap of exchange
Increase in CDI Decrease in the price of zinco Decrease in LIBOR Decrease in Euro

(b) Sensitivity analysis exchange risk of assets and liabilities in foreign currency
The following values represent the balance in brazilian reais of assets and liabilities in foreign currency, outstanding at the end of the period. Scenarios II and III were calculated with deterioration of 25% and 50%, respectively, on the risk variable considered probable by management. The currencies used in the sensitivity analysis and their respective scenarios are as follows:
03/31/2013 Currency Dollar EUR JPY Probable I 2.0138 2.5853 0.0214 Probable II 2.5173 3.2316 0.0268 Probable III 3.0207 3.8780 0.0321
(i)
Parent company
12/31/2012 Transaction Risk Balance Balance Probable I Probable II 03/31/2013 Probable III
Account receivables Total
Appreciation to USD
155,102 155,102
195,678 195,678
195,678 195,678
244,598 244,598
293,517 293,517
Suppliers Loans and financing linked to US$ Loans and financing linked to EUR Loans and financing linked to JPY Total
Appreciation to USD Appreciation to USD Appreciation to EUR Appreciation to JPY
(649,438) (2,341,716) (29,541) (1,582,454) (4,603,149)
(500,271) (1,642,889) (23,334) (1,424,157) (3,590,651)
(500,271) (1,642,889) (23,334) (1,424,157) (3,590,651)
(625,339) (2,053,611) (29,168) (1,780,196) (4,488,314)
(750,407) (2,464,334) (35,001) (2,136,236) (5,385,978)
Net total
(4,448,047)
(3,394,973
(3,394,973)
(4,243,716)
(5,092,461)

(i) Consolidated
12/31/2012 Transaction Risk Appreciation to USD Appreciation to USD Balance Balance Probable I Probable II 03/31/2013 Probable III
Account receivables Financial investments Total
439,528 1,528,421 1,967,949
317,511 1,538,005 1,855,516
317,511 1,538,005 1,855,516
396,889 1,922,506 2,319,395
476,267 2,307,008 2,783,275
Suppliers Loans and financing linked to US$ Loans and financing linked to EUR Loans and financing linked to JPY Total
Appreciation to USD Appreciation to USD Appreciation to EUR Appreciation to JPY
(670,449) (3,621,388) (29,541) (2,852) (4,324,230)
(522,755) (2,897,764) (23,334) (1,970) (3,445,823)
(522,755) (2,897,764) (23,334) (1,970) (3,445,823)
(653,444) (3,622,205) (29,168) (2,463) (4,307,280)
(784,133) (4,346,646) (35,001) (2,955) (5,168,735)
Net total
(2,356,281)
(1,590,307)
(1,590,307)
(1,987,885)
(2,385,460)
On March 31, 2013, considering the foreign currencies variation of 5% in comparison to Real, the impact in the result of this variation on assets and liabilities contracted in foreign currency would be an expense of R$169,749 in the Parent Company and R$79,515 in Consolidated. The exposure of Parent Company and Consolidated, previously described, are partially offset by the derivative financial instruments described in Note 5.
Derivative financial instruments

The Usiminas companies carries out swap and NDF (Non Deliverable Forward) transactions with the objective of hedging against and managing risks inherent to volatility of foreign currencies, interest rates, prices and others. These transactions aim to mitigate exposure to foreign exchange risks and abrupt changes in the prices of commodities (aluminum, nickel, copper and zinc). Usiminas companies do not contract financial instruments transactions for speculative purposes. The transactions with derivative financial instruments are summarized as follows:

(a) Parent Company
INDEX Maturity month/year Asset position EXCHANGE RATES HEDGE (SWAP) Credit Suisse Pre-pagamento Citibank Pre-pagamento HSBC Banco do Brasil S.A MERRIL LYNCH ABN AMRO ABN AMRO Bradesco Votorantim Credit Agricole Hsbc 02/09 to 02/14 10/09 to 03/15 10/09 to 03/13 05/10 to 03/13 09/10 to 03/17 01/08 to 01/18 06/06 to 06/16 10/12 to 01/13 10/12 to 02/13 11/12 to 02/13 11/12 to 03/13 Libor + 4% a.a Libor + 1.35% a.a. Libor + 1.10% a.a. Pre fixed rate 11.48% a.a. Libor + 0.83% Yen + 4.1165% a.a. Yen + 4.275% a.a US dollar at 2.0702 US dollar at 2.0800 US dollar at 2.0789 US dollar at 2.0857 100% CDI 4.23% a.a. 3.3375% 98% CDI 3.05% a.a. Dollar + 7.34% a.a. Dollar + 8.35% a.a. Sale PTAX Sale PTAX Sale PTAX Sale PTAX US$ 20,000 US$ 20,000 US$ 30,000 US$ 300,000 US$ 128,871 $300.00 US$ 96,000 JPY 42,952,000 JPY 22,800,000 US$66,369 US$20,824 US$39,746 US$34,159 US$ 30,000 US$ 300,000 US$ 128,871 $300.00 US$ 96,000 US$ 400,000 US$ 200,000 US$66,369 US$20,824 US$39,746 US$34,159 1,398 (2,316) 2,953 562,400 175,753 407,379 193,591 1,217,765 617,158 136,993 42,944 81,922 70,251 3,509,109 (3,156) (580,443) (176,950) (387,904) (204,104) (1,070,078) (510,708) (135,630) (42,747) (81,590) (69,903) (3,263,213) 8,169 (6,495) 4,876 377 (8,793) (103,765) (53,968) 1,262 2,545 2,204 3,636 (149,952) (149,952) (149,952) 32 (89) (374) (360) (354) (346) (338) (1,829) (1,829) 271 (1,558) (151,781) 271 (151,510) 3/31/2013 Liability position NOTIONAL VALUE (contracted value - Notional) 3/31/2013 12/31/2012 FAIR VALUE (MARKET) -BOOK 3/31/2013 12/31/2012 Gain (loss) in the result for the period 3/31/2013
Asset position Liability position Asset position Liability position Asset position Liability position Asset position Asset position Liability position
US$ 96,000 US$ 96,000 JPY 42,952,000 US$ 400,000 JPY 22,800,000 US$ 200,000
189,354 1,076,943 553,453
(198,424) (1,023,448) (500,970)
1,821,148 Accounting balance (net asset position liability position)
(1,725,158) 95,990
245,896 Result from settled transactions Result for the period - Financial result 3,003 2,991 (2,681) (2,678)
HEDGING OF PRODUCT PRICE - COMMODITIES BRADESCO S.A. (ZINC) ABC BRASIL S.A. (ZINC) BRADESCO S.A. (ZINC) ABC BRASIL S.A. (ZINC) VOTORANTIM S.A. (ZINC) ABC BRASIL S.A. (ZINC) ABC BRASIL S.A. (ZINC) TOTAL 02/28/2013 01/02/2013 04/30/2013 05/31/2013 06/28/2013 07/31/2013 08/30/2013 Average price (Zn) x Ptax Average price (Zn) x Ptax Average price (Zn) x Ptax Average price (Zn) x Ptax Average price (Zn) x Ptax Average price (Zn) x Ptax Average price (Zn) x Ptax Call position (Zn) x Ptax Call position (Zn) x Ptax Call position (Zn) x Ptax Call position (Zn) x Ptax Call position (Zn) x Ptax Call position (Zn) x Ptax Call position (Zn) x Ptax USD 1,312 USD 1,310 USD 1,497 USD 1,507 USD 1,515 USD 1,522 USD 1,530 USD 1,682 USD 1,684 USD 1,691 USD 1,694 USD 1,696 USD 1,312 USD 1,310 3,014 3,035 3,052 3,066 3,080 15,247 (3,388) (3,395) (3,406) (3,412) (3,418) (17,019) (1,772)
5,994
(5,359)
Accounting balance (net asset position liability position)
635 Result from settled transactions Result for the period - Cost of Assets and/or Services Sold 94,218 246,531 Result from settled transactions Total result with financial instruments

(b) Consolidated
INDEX Maturity month/year Asset position EXCHANGE RATES HEDGE (SWAP) Credit Suisse Pre-pagamento Citibank Pre-pagamento HSBC Banco do Brasil S.A MERRIL LYNCH ABN AMRO ABN AMRO Bradesco Votorantim Credit Agricole Hsbc ABN AMRO ABN AMRO ITAU BBA Bradesco 02/09 to 02/14 10/09 to 03/15 10/09 to 03/13 05/10 to 03/13 09/10 to 03/17 01/08 to 01/18 06/06 to 06/16 10/12 to 01/13 10/12 to 02/13 11/12 to 02/13 11/12 to 03/13 06/06 to 06/16 01/08 to 01/18 06/11 to 06/14 03/13 to 04/13 Libor + 4% a.a Libor + 1.35% a.a. Libor + 1.10% a.a. Pre fixed rate 11.48% a.a. Libor + 0.83% Yen + 4.1165% a.a. Yen + 4.275% a.a US dollar at 2.0702 US dollar at 2.0800 US dollar at 2.0789 US dollar at 2.0857 Dollar + 8.25 a.a. Dollar + 7.25 a.a. 3.7 % a.a Sale PTAX 100% CDI 4.23% a.a. 3.3375% a.a. 98% CDI 3.05% a.a. Dollar + 7.34% a.a. Dollar + 8.35% a.a. Sale PTAX Sale PTAX Sale PTAX Sale PTAX Yen + 4.275 % a.a. Yen + 4.1165 % a.a. 106.50% CDI Euro at 2,5780 US$ 20,000 US$ 20,000 US$ 30,000 US$ 300,000 US$ 128,871 $300.00 US$ 96,000 JPY 42,952,000 JPY 22,800,000 US$66,369 US$20,824 US$39,746 US$34,159 US$200,000 US$400,000 US$11,331 US$ 30,000 US$ 300,000 US$ 128,871 $300.00 US$ 96,000 US$ 400,000 US$ 200,000 US$66,369 US$20,824 US$39,746 US$34,159 JPY 22,800,000 JPY42,952,000 US$11.331 1,398 (2,316) 2,953 562,400 175,753 407,379 193,591 1,217,765 617,158 136,993 42,944 81,922 70,251 517,346 1,101,834 23,172 5,151,461 (3,156) (580,443) (176,950) (387,904) (204,104) (1,070,078) (510,708) (135,630) (42,747) (81,590) (69,903) (627,699) (1,270,604) (19,978) (5,181,494) 8,169 (6,495) 4,876 377 (8,793) (103,765) (53,968) 1,262 2,545 2,204 3,636 54,379 109,181 456 1 14,065 14,065 14,065 32 (89) (374) (360) (354) (346) (338) (1,829) (1,829) 271 (1,558) 12,236 271 12,507 3/31/2013 Liability position NOTIONAL VALUE (contracted value - Notional) 3/31/2013 12/31/2012 FAIR VALUE (MARKET) -BOOK 3/31/2013 12/31/2012 Gain (loss) in the result for the period 3/31/2013
Asset position Liability position Asset position Liability position Asset position Liability position Asset position Asset position Liability position
US$ 96,000 US$ 96,000 JPY 42,952,000 US$ 400,000 JPY 22,800,000 US$ 200,000
189,354 1,076,943 553,453
(198,424) (1,023,448) (500,970)
US$200,000 US$400,000 US$11,331
JPY 22,800,000 JPY42,952,000 US$11,331
510,708 1,058,251 23,047 186 3,413,340
(566,682) (1,127,101) (19,396) (185) (3,438,522) (25,182)
(30,033) Result from settled transactions Result for the period - Financial result 3,003 2,991 (2,681) (2,678)
HEDGING OF PRODUCT PRICE - COMMODITIES BRADESCO S.A. (ZINC) ABC BRASIL S.A. (ZINC) BRADESCO S.A. (ZINC) ABC BRASIL S.A. (ZINC) VOTORANTIM S.A. (ZINC) ABC BRASIL S.A. (ZINC) ABC BRASIL S.A. (ZINC) TOTAL 02/28/2013 01/02/2013 04/30/2013 05/31/2013 06/28/2013 07/31/2013 08/30/2013 Average price (Zn) x Ptax Average price (Zn) x Ptax Average price (Zn) x Ptax Average price (Zn) x Ptax Average price (Zn) x Ptax Average price (Zn) x Ptax Average price (Zn) x Ptax Call position (Zn) x Ptax Call position (Zn) x Ptax Call position (Zn) x Ptax Call position (Zn) x Ptax Call position (Zn) x Ptax Call position (Zn) x Ptax Call position (Zn) x Ptax USD 1,312 USD 1,310 USD 1,497 USD 1,507 USD 1,515 USD 1,522 USD 1,530 USD 1,682 USD 1,684 USD 1,691 USD 1,694 USD 1,696 USD 1,312 USD 1,310 3,014 3,035 3,052 3,066 3,080 15,247 (3,388) (3,395) (3,406) (3,412) (3,418) (17,019) (1,772)
5,994
(5,359)
635 Result from settled transactions Result for the period - Cost of Assets and/or Services Sold (26,954) (29,398) Result from settled transactions Total result with financial instruments

The transactions with derivative financial instruments are summarized as follows:
Parent company 03/31/2013 Current assets Non- current assets Current liabilities Non-current liabilities 138,914 (38,808) (5,888) 94,218 12/31/2012 22,440 281,356 (42,209) (15,056) 246,531 03/31/2013 32,614 143,631 (38,808) (164,391) (26,954) Consolidated 12/31/2012 50,093 286,508 (42,209) (323,790) (29,398)
Parent company 03/31/2013 In cost of products or services sold Other operating income (expenses), net In financial result (1,558) (149,952) (151,510) 03/31/2012 8,141 10,209 (124,490) (106,140) 03/31/2013 (1,558) 14,065 12,507
Consolidated 03/31/2012 8,141 10,209 23,880 42,230
(c) Hedging activities cash flow hedge (hedge accounting)

On August 1, 2011, the Company designated some export prepayment transactions as hedge instrument against part of the foreign exchange risk arising from highly probable future transactions (exports) and decided to discontinue the hedging accounting of exports as from October 1, 2012. The export prepayment transactions designated as hedging instrument are as follows:
Parent Company and Consolidated Balance of principal Nominal value US$ thousands Credit Suisse Sindicato (HSBC) 20,000 In current liabilities In non current liabilities 20,000 Maturity 2014 2012 to 2015 40,276 40,276 03/31/2013 40,276 12/31/2012 61,305 732,476 793,781 438,954 354,827

The hedge accounting recognition on equity may be stated as follows:
Parent Company and Consolidated 03/31/2013 Initial balance recognized on equity Amount reversed in the period Balance before taxes on profit Taxes on deferred profit (34%) Final balance recognized on equity (184,238) 174,752 (9,486) 3,225 (6,261) 12/31/2012 (217,781) 33,543 (184,238) 62,641 (121,597)
Up to the date of discontinuity of hedge accounting, the Company conducted prospective and retrospective effectiveness tests in conformity with IAS 39/CPC 38 Standard. These tests presented 100% of effectiveness for the export prepayment transactions defined as hedge instrument, as well as for the exports defined as hedge object. In order to improve its indebtedness situation, the Company settled, in the quarter ended on March 31, 2013 the amount of US$368,442 thousand related to export prepayment transactions, being that US$245,00 thousand refers to operations whose original maturities extended up to 2015. Due to this settlement, the Company recognized as a financial expense the total of R$174,752 which was reversed from the accumulated balance of hedge accounting recorded in equity. From this total, R$116,419 refer to the settlement of operations whose original maturities extended up to 2015.

6 Cash and Cash Equivalents
Cash and cash equivalents include cash in hand, bank deposits, high liquidity short term investments, with original maturity of three months or less, with insignificant risk of change in value, as follows:
Parent Company 12/31/2012 Fair value through results Total 27,861 48,647 1,146,932 27,663 1,251,103
03/31/2013 Loans and receivables Current account Offshore current account Certificates of deposits CDBs (i) Offshore time deposit 44,369 7,653 802,087 Fair value through results Loans and receivables 27,861 48,647
Total 44,369 7,653 802,087
1,146,932 27,663
52,022
802,087
854,109
104,171
1,146,932
(i) In 2012 new resources occurred arising from the reduction of capital of foreign subsidiaries .
03/31/2013 Loans and receivables Current account Offshore current account Certificates of deposits CDBs Offshore time deposit 100,753 22,352 2,481,479 82,472 205,577 2,481,479 Fair value through results Loans and receivables 79,006 58,440
Total 100,753 22,352 2,481,479 82,472 2,687,056
Consolidated 12/31/2012 Fair value through results Total 79,006 58,440 2,871,103 114,769 3,123,318
2,871,103 114,769 252,215 2,871,103
The average certificates of deposits yield, was a spread over the Interbank Deposit Certificate - CDI from 99% to 100%. The fair value of CDBs is based on CDI percentages. The CDI rates are obtained from the Clearing House for the Custody and Financial Settlement of Securities (CETIP). On March 31, 2013, Usiminas Companies do not have any overdraft accounts.

7 Marketable securities
Marketable securities include financial assets with maturities above 90 days from the original date of investment and investments abroad which require specific procedures to enter Brazil, as follows:
03/31/2013 Loans and receivables Bank deposit certificates - CDBs 14,158 14,158 Parent Company 12/31/2012 Loans and receivables 9,137 9,137 Consolidated 12/31/2012 Loans and receivables 1,528,421 9,137 1,537,558
03/31/2013 Loans and receivables Financial investments abroad (Time Deposit) Bank deposit certificates - CDBs 1,538,005 14,158 1,552,163,
Financial investments in CDBs are linked to CDI variation from 99% to 100%. Financial investments abroad are subject to prefixed rates plus foreign exchange variation. None of these financial assets is overdue or impaired.
Trade Receivables
03/31/2013 Brazilian customers Export customers Provision for losses on trade receivables Trade receivables, net Receivables from related parties 622,508 195,678 (98,294) 719,892 199,813 919,705 Parent Company 12/31/2012 607,049 142,854 (98,382) 651,521 297,847 949,368 03/31/2013 1,332,313 317,511 (117,785) 1,532,039 67,059 1,599,098 Consolidated 12/31/2012 1,228,402 298,815 (116,786) 1,410,431 157,674 1,568,105
Trade receivables have no financing feature and are initially assessed and recorded at fair value.

9 Inventories
Parent Company 03/31/2013 Finished goods Work in progress Raw materials Supplies and spare parts Imports in transit Other 735,449 922,601 465,717 586,512 128,879 148,688 2,987,846 12/31/2012 799,618 953,396 511,677 603,674 35,654 81,201 2,985,220 03/31/2013 958,448 955,371 776,947 667,879 131,634 203,327 3,693,606 Consolidated 12/31/2012 1,017,748 999,910 875,478 699,048 42,150 133,650 3,767,984
On March 31, 2013, the Company had provision for reduction to market value, obsolescence and other adjustments of inventories items in the amount of R$95,284 (December 31, 2012 - R$74,288). In Consolidated, this provision amounted to R$102,831(December 31, 2012 - R$77,564). The contra entry of the mentioned provision was recorded in the caption Cost of assets or services sold in the Income Statement. On March 31, 2013, the increase of said provision generated negative effect on the cost of products and/or products sold in the amount of R$20,996 (March 31, 2012 expense of R$12,950). In Consolidated, this effect totaled an expense of R$25,267 (March 31, 2012 revenue of R$194). At March 31, 2013, the Company held inventories in the amount of R$15,241 (December 31, 2012 R$15,547) offered in guarantee to judicial processes.

10 Taxes Recoverable
The taxes recoverable are composed mainly by credits and prepayment of taxes. The Company periodically accompanies the development of accumulated tax credits, aiming at their use in the short term. The breakdown of credits is as follows:
Parent Company 03/31/2013 Current Prepayments of income tax Prepayments of social contribution Social Integration Program (PIS) Social Contribution on Revenues (COFINS) Value-added Tax on Sales and Services (ICMS) Export credit - Reintegra Other 10,812 68 13,473 62,060 146,484 16,314 5,586 254,797 11,710 63,728 81 371 51,566 Non-current Current 6,093 776 24,124 111,409 185,747 37,626 3,903 369,678 11,710 70,063 Consolidate d 03/31/2013 Current Prepayments of income tax Prepayments of social contribution Social Integration Program (PIS) Social Contribution on Revenues (COFINS) Value-added Tax on Sales and Services (ICMS) Export credit - Reintegra Other 20,069 3,552 16,635 81,016 211,877 16,314 31,068 380,531 12,399 126,228 330 1,520 111,979 Non-current Current 15,006 4,269 33,652 105,330 252,908 37,626 36,302 485,093 11,865 131,583 572 2,637 116,509 12/31/2012 Non-current 276 1,270 56,807 12/31/2012 Non-current

11 Income tax and social contribution
(a) Taxes on Profits The effective income tax (IRPJ) and the social contribution (CSLL) expenses differs from the amount which would be obtained using the statutory income tax and social contribution nominal rates applicable to profit before taxation, at the Parent Company and Consolidated, as follows:
Parent Company 03/31/2013 Result Before Taxes on Profit Statutory rates of tax IRPJ and CSLL at statutory rates Adjustments to determine the effective IRPJ and CSLL expense:: Equity in the results (25% and 9%) Interest on own capital (25% and 9%) Permanent exclusions (additions) (25% and 9%) Tax incentive Foreign subsidiary profits not-taxable DIPJ adjustment (i) Other Taxes on Profits (596) 122,089 56,761 (54) (4,921) (4,834) (6,659) (227) (114) (3,094) 268 76,054 (5,983) (288) (5,642) 723 (34) 17,528 33,867 18,266 18,305 10,280 (275,703) 34% 93,739 03/31/2012 (127,596) 34% 43,383 03/31/2013 (198,749) 34% 67,575 Consolidate d 03/31/2012 (54,328) 34% 18,472
Current Deferred Taxes on net profits (loss) in the results 122,089 122,089
(54) 56,815 56,761
(61,796) 137,850 76,054
(43,685) 61,213 17,528
(i) Corporate Annual Income Tax Return.
The differences between the tax bases of assets and liabilities included in accounting records, prepared in accordance with IFRS and CPC, were recognized as temporary differences for recording purposes of deferred taxes in contra entry to the expense (or income) in the result. There are no current tax items taken directly to equity in these interim financial statements.

(b) Changes in deferred income tax and social contribution
The changes in deferred income tax and social contribution for the quarter are as follows:
Assets Parent Company
At December 31,2012 Constitution/reversal of deferred taxes in results of operations, net Constitution of deferred taxes in the comprehensive result (actuarial liabilities) Constitution of deferred taxes in the comprehensive result (hedge accounting) Other
Consolidated 1,513,879 137,850 13,633 (59,415) (28) 1,605,919
1,058,842 122,089 13,633 (59,415)
At March 31, 2013
1,135,149
Long term deferred income tax and social contribution are expected to be realized in accordance with future taxable income based on projections approved by the Companys Management, and in accordance with accounting practices adopted in Brazil. These projections are based on assumptions reflecting the Companys economic and operating environment. The projections are subject to factors which may present variations in relation to actual data. Should the future taxable income used in the recovery study be impaired at 10%, the Company would recover the tax credits in the same period. Should the sales prices be impaired at 1% or the cost of sales increased at 2% or further the sales volume decreased at 1% in relation to the assumptions used, the Company would recover the credits during 11 years.

At March 31, 2013, long term deferred income tax and social contribution shall be realized as follows:
Parent Company 2013 2014 2015 2016 2017 2018 2019 2020 2021 From 2022 Assets Liabilities Net assets 114,203 121,328 122,204 113,910 165,146 134,950 155,777 250,514 415,701 1,593,733 (458,584) 1,135,149
Consolidated 90,592 165,335 172,895 173,888 165,226 214,401 178,920 197,249 280,795 445,981 2,085,282 (479,363) 1,605,919
Since the taxable basis of income tax and social contribution on net income arises not only from the profit that may be generated, but also from the existence of nontaxable income, nondeductible expenses, tax incentives and other variances, there is no immediate correlation between the Companys net profit and the result from income tax and social contribution. Accordingly, the expectation of use of tax credits should not be considered as the only indication of future results of Usiminas Companies.

12 Judicial deposits
The composition of judicial deposits balances has not significantly changed in relation to those disclosed in the Company financial statements for December 31, 2012 and, accordingly, Management decided not to repeat them in the interim financial statements for March 31, 2013. The changes in judicial deposits for the quarter are as follows:
Parent Company At December 31, 2012 before offsetting provisions for contingencies Additions Interest/restatements Payments Reversals Consolidated
714,991 8,333 8,099 (1,064) (1,292) 729,069
792,146 12,231 9,121 (1,064) (4,321) 808,113
Deposits linked to provisions for Contingencies and taxes payable in installments At March 31, 2013
(327,349) 401,718
(366,552) 441,561

13 Investments
At March 31, 2013, changes in investments are as follows: (i) Parent Company
Equity in the results Interest on own capital and dividends Unrealized profit in inventories
12/31/2012 Subsidiaries Automotiva Usiminas Cosipa Commercial Cosipa Overseas Minerao Usiminas Rios Unidos Solues Usiminas Usiminas Commercial Usiminas Europa Usiminas International Usiminas Mecnica UPL Goodwill in subsidiaries 118,970 21,263 19,021 3,623,069 9,459 765,555 24,857 1,588,086 34,667 552,926 51,278 129,793 6,938,944 Jointly controlled subsidiaries Fasal Trading Brasil Unigal Usiroll 10,078 680,713 7,543 698,334 Associated companies Codeme Metform MRS Goodwill in associated companies 45,593 10,955 7,028 79,464 143,040 7,780,318
Other
03/31/2013
3,806 4,708 (4,118) 54,971 (3,108) 1,910 16,699 (14,615) (3,006) (5,123) 1,053 (2,490)
(207)
122,569 25,971 14,903 3,678,040 6,351
(2,458)
762,517 41,556 1,573,471 31,661
(1,093)
(14)
546,696 52,331
(166) 53,177 (2,490) (3,758) (180)
129,627 6,985,693
(160) 43,119 183 43,142
9,918 723,832 7,726 741,476
2,757 374 158
(2,705) (1,053)
322 65
45,967 10,341 7,186 79,464
3,289 99,608
(3,758) (6,248) (3,758)
387 207
142,958 7,870,127

(ii) Consolidated
Additions (disposals) Equity in the results Interest on own capital and dividends
12/31/2012
Other
03/31/2013
Jointly controlled subsidiaries Fasal Trading Brasil Modal Unigal Usiroll Goodwill in jointly controlled subsidiaries 10.078 2.636 680.713 7.543 (160) 420 43.119 183 (319) 9.918 2.737 723.832 7.726
28.020
28.020
728.990
43.562
(319)
772.233
Associated companies Codeme Metform MRS Terminal Paraopeba Terminal Sarzedo Other 3.262 2.916 45.593 10.955 287.047 881 (881) 694 (11) (810) 2.757 374 6.463 (2.705) (1.053) 29 322 65 45.967 10.341 293.539 881 2.265 2.905
Goodwill in associated companies
103.289
103.289
453.062
10.277
(4.539)
387
459.187
Total
1.182.052
53.839
(4.858)
387
1.231.420

14 Property, Plant and Equipment
The composition of property, plant and equipment did not present significant changes in relation to those disclosed in the Company financial statements for December 31, 2012 and, accordingly, Management decided not to repeat them in the interim financial statements for March 31, 2013. Changes in property, plant and equipment in the quarter are as follows:
Parent Company
At December 31, 2012 Additions Disposals Depreciation Capitalized indexation charges Transfers to intangible assets Disposal of advances
Consolidated 15,852,506 173,248 (5,612) (247,619) 2,863 (1,038) (23,340) 15,751,008
13,974,626 65,834 (5,524) (225,060) 2,863 (841) (18,442) 13,793,456
At March 31, 2013
At March 31, 2013, the additions to property, plant and equipment, in the amount of R$173,248, refer mainly to hot strip mill 2 (R$10,852), cock plant 2 (R$9,849), Converter 6 (R$11,886) and Friable Projects (R$73,405) of Minerao Usiminas.

15 Intangible Assets
The composition of intangible assets did not present significant changes in relation to those disclosed in the Company financial statements for December 31, 2012 and, accordingly, Management decided not to repeat them in the interim financial statements for March 31, 2013. The changes in intangible assets, for the quarter are as follows:
Parent Company
At December 31, 2012
Consolidated 2,413,778 1,472 (10,864) 1,038 2,405,424
147,663 506 (3,194) 841 145,816
Additions Amortization Transfers from property, plant and equipment At March 31, 2013
16 Loans and Financing

On March 28, 2013, to improve the conditions of its debt, the Company prepaid US$245 thousand related to certain prepayment of exports operations, which corresponded to R$494,345 of the amortization of principal of loans and financing in the quarter ended on March 31, 2013. Except for the early settlement, mentioned above, the composition of loans and financing suffered no other significant changes in relation to the published financial statements of December 31, 2012 and, accordingly, the Directors decided not to repeat them in the interim financial statements as of March 31, 2013 (a) Changes in loans and financing The changes in loans and financing are as follows:
Parent Company At December 31,2012 New loans and financing Charges provisioned Indexation charges Foreign exchange(gains) losses Payment of charges Payment of principal Deferral of commissions At March 31, 2013 7,857,274 302,532 31,214 64,099 (191,705) (178,935) (1,093,980) 2,428 6,792,927 Consolidate d 7,740,090 313,289 38,488 65,014 (58,671) (187,026) (1,141,604) 2,428 6,772,008
(b) Changes in Debentures The changes in debentures are as follows:

Parent Company and Consolidated
At December 31, 2012 Addition Charges provisioned Indexation charges Payment of charges Payment of principal At March 31, 2012
257,664 1,000,000 (3,102) 13,723 (9,412) (250,000) 1,008,873
On February 1, 2013, the Company amortized the second and last installment of debentures distributed in 2008 in the total amount of R$250,000. Additionally, the Company carried out the operation of simple debentures approved by the Companys Board of Directors, not convertible into shares, of subordinated type, by means of public

offering of securities distributed with restricted placement efforts, pursuant to CVM Instruction 476 of 01/16/2009, in the total amount of R$1,000,000, with maturity over six years. (c) Other significant information on loans and financing (i) Covenants The Company has loans and financing with certain contractual conditions, which require the fulfillment of covenants based on certain financial ratios, as follows: Consolidated Interest Coverage Ratio payment capacity of interest on loans and financing in relation to Ebitda; Total Debt to Ebitda and Net Debt to Ebitda payment capacity of debt in relation to Ebitda; Total Capitalization Ratio relation between own capital and third party capital ; Liquidity Level payment capacity of short term liabilities; Capitalization Level relation between Net Equity and total Assets;
The above described ratios are calculated on the Companys consolidated basis. The noncompliance with these requirements by the Company might generate an advance of maturity of the obligations recorded in non current liabilities with local and foreign creditors. At March 31, 2013 there are no ratios of compulsory measuring.
(ii) Revolving line of credit

On March 25, 2013, Management decided to cancel the revolving credit facility (Revolving Credit Facility), hired on July 28, 2011, totaling US$750 million and with duration of 5 years.

Provision for Contingencies
At March 31, 2013, the information related to the progress of processes, expectation of success and active contingencies did not present significant changes in relation to those disclosed in the Company financial statements for December 31, 2012 and, accordingly, Management decided not to repeat them in the interim financial statements for March 31, 2013. (a) Probable loss contingencies The composition of reserves for contingencies can be demonstrated as follows:
Parent Company 03/31/2013 12/31/2012
Contingencies
IR and CSLL INSS 16,590 43,464 183,082 140,450 9,751 393,337
Judicial deposits
(16,590) (5,868) (101,591) (9,987) (373) (134,409)
Net balance Contingencies

16,503 37,596 81,491 130,463 9,378 258,928 43,194 170,712 136,013 9,748 376,170
Judicial deposits
(16,503) (5,805) (97,734) (10,053)
Net balance
37,389 72,978 125,960 9,748
Labor Civil Other
(130,095)
246,075
Consolidated 03/31/2013 12/31/2012
Contingencies
IR and CSLL INSS CIDE PIS / COFINS 14,551 217,366 142,529 15,399 465,766 32,429 43,492
Judicial deposits
(26,492) (5,896)
Net balance
5,937 37,596
Contingencies
33,276 43,222
Judicial deposits
(26,405) (5,833)
Net balance
6,871 37,389
(14,089) (113,743) (10,012) (3,381) (173,613)
462 103,623 132,517 12,018 292,153
12,335 203,435 138,091 17,574 447,933
(11,873) (109,317) (10,060) (5,187) (168,675)
462 94,118 128,031 12,387 279,258
Labor Civil Other
The Company has judicial deposits recorded in non-current assets, for which no provisions were recorded (Note 12).
The changes in the provisions for contingencies are as follows:

Parent Company Balances at December 31,2012 before the offset of judicial deposits Consolidated
376,170 14,969 11,173 (5,766) (3,209)
447,933 18,835 11,454 (6,448) (4,694) (1,314)
Additions
Interest/indexation Amortization/disposals Reversals Other
393,337
465,766
(-) Offset of judicial deposits
(134,409)
(173,613)
Balance at March 31, 2013
258,928
292,153
The provisions for contingencies were recorded to cover probable losses on administrative and judicial litigation relating to tax, labor and civil issues, in amounts deemed sufficient by management, based on the advice and evaluation of internal and external legal counsel. (b) Possible loss contingencies On March 31, 2013, information relating to the progress of cases, the expectations of success and the contingent assets did not change in relation to the Companys financial statements disclosed in December 31, 2012. Thus, the Administration decided not to repeat them in the interim financial statements of March 31, 2013. In the quarter ended March 31, 2013, the company is also party to lawsuits in the total amount of R$36,551 in consolidated, which involve risk of loss classified as possible by management, based on the evaluation of its legal counsel, for which no provisions have been recorded, being: R$8,931 of ICMS, R$5,528 of ISS, R$162 of CIDE, R$19,721 of labor claims and R$2,209 of other lawsuits.

18 Retirement Benefit Obligations
At March 31, 2013, there were no alterations in the nature and conditions of the retirement benefit plans in relation to the description in Note 26 to the Company financial statements for the year ended December 31, 2012. The balances of retirement benefits are set out as follows:
Parent Company and Consolidated 03/31/2013 Balance sheet obligations for: Pension benefits Post-employment medical benefits 12/31/2012
1,334,210 75,533 1,409,743
1,322,845 73,967 1,396,812
Parent Company and Consolidated 03/31/2013 03/31/2012 Income (expenses) recognized in income statement for (Note 32 (b)): Pension benefits Post-employment medical benefits
(13,913) (1,566) (15,479)
22,302 (1,262) 21,040
Parent Company and Consolidated 03/31/2013 03/31/2012 Actuarial gains(losses) recognized immediately in other comprehensive income Actuarial gains/losses) of the debt recognized immediately in other comprehensive income CPC 33 and IFRIC 14 (Increase)/decrease in asset ceiling in other comprehensive income - paragraph 58 CPC 33 and IAS 19 (20,981) (29,810) 24,327 (26,464) Cumulative actuarial losses recognized in the statement of other comprehensive income (40,095) 4,563 22,524 (13,008)
(618,952)
(354,734)
Change in the retirement benefit obligations The actuarial study in conformity with CPC 33 and IAS 19, conducted by independent actuary for the base date of December 31, 2012, presented a liability of R$1,396,812. This actuarial study will be reviewed again at December 31, 2013. The change in the defined benefit obligations is set out as follows:

Parent Company and Consolidated Balance at December 31, 2012 Amortization Amounts recognized in results of operations Actuarial losses directly recognized in other comprehensive results At March 31, 2013 1,396,812 (42,645) 15,479 40,097 1,409,743
19 Equity
(a) Share capital At March 31, 2013 and December 31, 2012, the Company share capital, amounting to R$12,150,000 and comprising 1,013,786,190 shares, is as follows:
Common Total shares Total treasury stock Total shares except treasury stock 505,260,684 (2,526,654) 502,734,030 Class A Preferred 508,439,712 (24,060,356) 484,379,356 85,794 Class B Preferred 85,794 Total 1,013,786,190 (26,587,010) 987,199,180
At March 31, 2013, there were no alterations in the nature and conditions of the share capital in relation to the description in Note 27(b) to the Company financial statements for the year ended December 31, 2012. Accordingly, Management decided not to repeat them in the interim financial statements for March 31, 2013. (b) Reserves At March 31, 2013, there were no alterations in the nature and conditions of the share capital in relation to the description in Note 27(c) to the Company financial statements for the year ended December 31, 2012. Accordingly, Management decided not to repeat them in the interim financial statements for March 31, 2013. (c) Dividends and interest on capital Dividends and interest on own capital distribution are as follows:
Parent Company
Balance at December 31, 2012 Dividends paid Dividends declared Balance at March 31, 2013 915 (1)
Consolidated
26,635 (565) 1,126 27,196
914
20
Segment Information
Management has determined the Usiminas companies operating segments based on the reports reviewed by the Board of Directors that are used to make strategic decisions. The Board of Directors analyses the business by segment of products sold. The revenue generated by the reported operating segments arises mainly from the manufacture and sale of steel products and related services.
20.1
Information on operating profit (loss) before the financial result, assets and liabilities by reportable segment
03/31/2013
Mining and Logistics Revenue Cost of goods and/or products sold Gross profit (loss) Operating income/(expenses) Selling expenses General and administrative expenses Other income and (expenses) Operating profit (loss)
Adjustes EBITDA EBITDA margim 247,876 (85,536) 162,340 (29,296) (22,020) (11,217) 3,941 133,044 143,590 57.9%
Steel Steel Metallurgy Transformation

2,665,658 (2,590,264) 75,394 (133,566) (43,517) (101,609) 11,560 (58,172) 178,192 6.7% 546,060 (495,564) 50,496 (47,754) (23,528) (19,991) (4,235) 2,742 16,206 3.0%
Capital Assets
259,332 (249,355) 9,977 (14,460) (3,911) (12,751) 2,202 (4,483) 2,062 0.8%
Subtotal
3,718,926 (3,420,719) 298,207 (225,076) (92,976) (145,568) 13,468 73,131 340,050 9.1%
Eliminations and adjustments

(524,217) 433,177 (91,040) 1,471 95 3,396 (2,020) (89,569) (26,560)
Total 3,194,709 (2,987,542) 207,167 (223,605) (92,881) (142,172) 11,448 (16,438) 313,490 9.8%
Assets Total assets includes: Investments in associated (other than goodwill) companies Additions to noncurrent assets (other than financial instruments and deferred tax assets) Current and noncurrent liabilities
6,076,845
29,088,300
1,579,047
1,024,404
37,768,596
(5,822,812)
31,945,784
292,238
5,248,200
2,838
5,543,276
(4,443,165)
1,100,111
113,811
75,037
11,437
8,756
209,041
(21,209)
187,832
740,435
12,530,942
327,115
472,837
14,071,329
(606,602)
13,464,727
03/31/2012
Mining and Logistics Revenue Cost of goods and/or products sold Gross profit Operating income/(expenses) Selling expenses General and administrative expenses Other income and (expenses) Operating profit (loss)
Adjustes EBITDA EBITDA margim 239,334 (100,335) 138,999 (35,529) (17,012)
Steel Steel Metallurgy Transformation

2,573,426 (2,573,558) (132) (99,772) (33,017) 496,750 (447,274) 49,476 (51,083) (24,254)
Capital Assets
250,741 (258,073) (7,332) (23,007) (4,331)
Subtotal
3,560,251 (3,379,240) 181,011 (209,391) (78,614)
Eliminations and adjustments

(678,131) 649,561 (28,570) 1,902 (590)
Total 2,882,120 (2,729,679) 152,441 (207,489) (79,204)
(12,899) (5,618)
(61,327) (5,428)
(22,044) (4,785)
(16,525) (2,151)
(112,795) (17,982)
3,980 (1,488)
(108,815) (19,470)
103,470 110,773 46.3%
(99,904) 99,823 3.9%
(1,607) 11,479 2.3%
(30,339) (24,852) (9.9%)
(28,380) 197,223 5.5%
(26,668) (7,387)
(55,048) 189,836 6.6%
Sales between segments were carried as sales between independent parties. The invoicing is spread, and the Company and its subsidiaries do not have individual clients representing more than 10% of invoicing. More than 95% of revenues arise from revenues with assets and services.
20.2
Reconciliations of assetsand liabilities by reporting segments

The amounts provided by the Board of Directors in relation to total assets are consistent with the balances recorded in the consolidated financial statements. These assets are allocated based on the segment operations and on the physical location of the asset. The eliminations of assets between segments refer to intercompany common balances.
(a) Reconciliation of assets The assets corresponding to the reported segments are reconciled with total assets, as follows:
03/31/2013 Assets from reported segments Elimination of assets between segments Total assets 37,768,596 (5,822,812) 31,945,784
(b) Reconciliation of liabilities

The liabilities corresponding to the reported segments are reconciled with total liabilities, as follows:
03/31/2013 Liabilities from reported segments Elimination of liabilities between segments Total liabilities 14,071,329 (606,602) 13,464,727
21 Expenses by Nature
Parent Company 03/31/2013 Depreciation and amortization Employee benefit expenses Granting stock options plan Raw materials and consumables Distribution cost Third-party services Net revenue (expenses) with contingencies Proceeds from sale of property, plant and equipment , intangible assets and investment Other income (expenses) (228,254) (293,115) (2,815) (1,940,460) (24,030) (249,880) (11,760) 03/31/2012 (191,648) (260,452) (1,649) (1,866,248) (10,864) (257,434) (16,044) 03/31/2013 (258,483) (559,496) (2,815) (1,956,414) (55,941) (195,247) (14,141) Consolidated 03/31/2012 (217,762) (493,043) (1,649) (1,708,613) (31,573) (295,938) (21,425)
31,187 (67,015)
(324) (72,294)
31,146 (199,756)
165 (167,330)
(2,786,142) Cost of goods and/or services sold Selling expenses General and administrative expenses Other operating income (expenses), net (2,654,720) (43,348) (99,802) 11,728 (2,786,142)
(2,676,957) (2,580,074) (33,017) (58,998) (4,868) (2,676,957)
(3,211,147) (2,987,542) (92,881) (142,172) 11,448 (3,211,147)
(2,937,168) (2,729,679) (79,204) (108,815) (19,470) (2,937,168)

22 Financial Income (Expenses)
The financial income (expenses) are summarized as follows:
Parent Company 03/31/2013 Financial income Client interest Income from financial investments Indexation credits Interest on judicial deposits Interest on tax credits Realization of adjustment to present value of trade accounts receivable Other financial income 2,370 51 10,939 8,098 222 16,668 1,654 40,002 Financial expenses Interest on financing Results of swap transactions Indexations charges Interest, commissions and expenses on arrears Tax on Financial Transactions (IOF) Interest on contingent liabilities Realization of adjustment to present value of accounts payable Commissions on financing and others Realization hedge accounting Other financial expenses (29,870) (149,952) (78,262) (50) (533) (11,173) (12,004) (29,555) (174,752) (9,291) (495,442) Foreign exchange gains and losses, net 203,724 (251,716) (37,937) (124,490) (70,982) (4,510) (2,250) (7,670) (17,458) (5,028) (1,653) (271,978) 169,189 (56,136) (39,669) 14,065 (81,467) (1,080) (856) (11,454) (20,214) (29,555) (174,752) (16,481) (361,463) 50,396 (236,150) (44,893) 23,880 (74,220) (8,337) (3,026) (7,907) (30,888) (5,028) (9,212) (159,631) 10,762 (29,514) 4,009 1,094 4,269 11,295 1,913 22,435 1,638 46,653 3,037 4,035 37,899 9,121 222 16,732 3,871 74,917 5,663 31,881 45,211 11,505 1,985 22,394 716 119,355 03/31/2012 03/31/2013 Consolidated 03/31/2012
Foreign exchange differences charged or credited to the income statements arise from the foreign exchange gains/losses on loans and financing, foreign suppliers, current accounts, financial investments and customers. The Company reassessed the interpretation and accounting of interest and monetary restatements of contracts indexed to the Interbank Deposit Certificate (CDI) and Long Term Interest Rate (TJLP), and, since 2011, segregated the Amplified Consumer Price Index (IPCA) from loans and financing and financial investments, the contracted index of which was the Interbank Deposit Certificate (CDI). The portion related to IPCA was segregated from the interest on loans and financing from the remuneration on financial investments and included in the line Monetary effects.

23 Earnings (Loss) per Share
(a) Basic and diluted Basic and diluted earnings (loss) per share are calculated by dividing the profit (loss) attributable to equity holders of the Company by the weighted average number of common and preferred outstanding shares, excluding common shares purchased by the Company and held as treasury shares. The Company does not have debt convertible into shares or share purchase options and, accordingly, it does not have potentially dilutable common and preferred shares.
Parent Company and Consolidated 03/31/2012 Common Preferred Total
Common Basic and diluted Basic and diluted numerator Net profit (Loss) available to the stockholders Basic and diluted denominator Weighted average of shares, excluding treasury shares Earnings (Loss) per share in R$ -basic and diluted
Preferred
03/31/2013 Total
(74,569)
(79,045)
(153,614)
(34,385)
(36,450)
(70,835)
502,734,030
484,465,150 987,199,180 502,734,030
484,465,150 987,199,180
(0.15)
(0.16)
(0.07)
(0.08)

24 Related Parties Transactions
The Companys shareholding position is as follows:
03/31/2013 Common Shares Shareholder Number Nippon Usiminas Co. Ltd. (Nippon Usiminas) (i) Ternium Investments S.A.R.L. (i) Caixa de Previdncia dos Funcionrios do Banco do Brasil Companhia Siderrgica Nacional (CSN) Previdncia Usiminas (i) Nippon Steel & Sumitomo Metal Corporation (i) Confab Industrial S.A. (Confab) (i) Prosid Investments S.C.A (Prosid)(i) Siderar S.A.I.C (Siderar) (i) Metal One Corporation (i) Mitsubishi Corporation do Brasil S/A (i) Usiminas in treasury Other shareholders Total 119,969,788 84,741,296 53,034,392 43,038,800 34,109,762 27,347,796 25,000,000 20,000,000 10,000,000 759,248 7,449,544 2,526,654 77,283,404 505,260,684 % 23.74 16.77 10.50 8.52 6.75 5.41 4.95 3.96 1.98 0.15 1.47 0.50 15.30 100.00 Number 2,830,832 % 0.56 Number 122,800,620 84,741,296 59,734,942 122,832,600 34,109,762 27,655,722 25,000,000 20,000,000 10,000,000 759,248 7,449,544 26,587,010 472,115,446 1,013,786,190 % 12.11 8.36 5.89 12.12 3.36 2.73 2.47 1.97 0.99 0.07 0.73 2.63 46.57 100.00 Preferred Shares Total
6,700,550 79,793,800 307,926
1.32 15.69 0.06
24,060,356 394,832,042 508,525,506
4.73 77.64 100.00
12/31/2012 Common Shares Shareholder Number Nippon Usiminas Co. Ltd. (Nippon Usiminas) (i) Ternium Investments S.A.R.L. (i) Caixa de Previdncia dos Funcionrios do Banco do Brasil Companhia Siderrgica Nacional (CSN) Previdncia Usiminas (i) Nippon Steel & Sumitomo Metal Corporation (i) Confab (i) Prosid (i) Siderar (i) Metal One Corporation (i) Mitsubishi Corporation do Brasil S.A. (i) Usiminas in treasury Other shareholders Total 119,969,788 84,741,296 53,034,392 43,038,800 34,109,762 27,347,796 25,000,000 20,000,000 10,000,000 759,248 7,449,544 2,526,654 77,283,404 505,260,684 % 23.74 16.77 10.50 8.52 6.75 5.41 4.95 3.96 1.98 0.15 1.47 0.50 15.30 100.00 Number 2,830,832 % 0.56 Number 122,800,620 84,741,296 59,729,742 122,832,600 34,109,762 27,655,722 25,000,000 20,000,000 10,000,000 759,248 7,449,544 26,587,010 472,120,646 1,013,786,190 % 12.11 8.36 5.89 12.12 3.36 2.73 2.47 1.97 0.99 0.07 0.73 2.63 46.57 100.00 Preferred Shares Total
6,695,350 79,793,800 307,926
1.32 15.69 0.06
24,060,356 394,837,242 508,525,506
4.73 77.64 100.00
(*) Controlling shareholders, by means of shareholders agreeme nt
On January 17, 2012 Techint Group, NSC, Nippon Usiminas Co. Ltd. (NU), Metal One Corporation (Metal One), Mitsubishi Corporation do Brasil S.A. (Mitsubishi) and Previdncia Usiminas (new denomination of Caixa dos Empregados da Usiminas) executed an Amended and Consolidated Shareholders Agreement of Usinas Siderrgicas de Minas Gerais S.A. USIMINAS. The New Shareholders Agreement shall govern the relations between the parties of such agreement as shareholders and members of Usiminas controlling group.

The main balances and transactions with related parties are as follows: (a) Current assets
Parent Company 03/31/2013 12/31/2012
Trade accounts receivable Controllers

Confab Mitsubishi Previdncia Usiminas Siderar 11 980 1,863
Dividends receivable
Other
Trade accounts receivable

2,546
Dividends receivable
Other
427
313
12,587
Subsidiaries
Automotiva Usiminas Cosipa Overseas Minerao Usiminas Solues Usiminas Usiminas Eletrogalvanized Usiminas Galvanized Usiminas Mecnica UPL 6,672 34,435 961 51,067 24,829 31,281 15,982 59,999 1,952 58,689 2,490 1,394 8,780 34 8,999 3,571 92,986 734 23,601 106,004 25,831 16,585 59,999 1,952 1,415 8,909 336 58,689 1,212 8,999
Jointly controlled subsidiaries

Fasal Trading Brasil Unigal Usiroll 98 112 43 41
Associated companies
Codeme Metform MRS 1,808 2,003 2,666 1,052 296 944 169 297
Other related parties

Metal One Corporation Ternium Procurement Ternium Internacional El Salvador Ternium Internacional Espaa Ternium Internacional S.A Montevideo Ternium Internacional S.A. Nicaragua Ternium Internacional San Jos 6 272 24,895 320 181 1,994 199,813 136,143 10,644 297,847 129,936 12,190 12,237 9 11 5
Consolidated 03/31/2013 12/31/2012
Trade accounts receivable Controllers Confab Previdncia Usiminas Mitsubishi Nippon Steel Corporation Siderar Votorantin Industrial S.A. Jointly controlled subsidiaries Fasal Trading Corporation Unigal Usiroll Associated companies Codeme Metform MRS Terminal Sarzedo Other related parties Metal One Corporation Ternium Internacional Ternium Internacional El Salvador Ternium Internacional Espaa Ternium Internacional S.A Montevideo Ternium Internacional S.A. Nicaragua Ternium Internacional San Jose Ternium Mxico Ternium Procurement
Other
Trade accounts receivable
Other
1,863 11
438 427
2,546
384 313
9,332
14,212
98 112 43
41
1,808 2,003 675
3,547 1,052 296 11,808
944 169 675
4,348 12,134
9 691 272 25,130 320 181 1,994 8,769 14,448 67,059 17,577 41,288
42,821 54,287 157,674 17,184
Trade accounts receivable classified as related parties mainly arise from sales transactions and fall due no more than 30 days. The accounts receivable have no guarantees and are subject to interest. At March 31, 2013 and December 31, 2012, no provisions for accounts receivable from related parties were set up. Other receivables from related parties refer mainly to current accounts.
(b) Non-current assets credits with related companies
03/31/2013 Controllers Previdncia Usiminas (i) Subsidiaries Usiminas Europa Usiminas Mecnica (ii) Associated companies Usiroll (iii) 5,535
Parent Company 12/31/2012 5,626
03/31/2013 5,535
Consolidated 12/31/2012 5,626
49,515
50,226
14,313 69,363
14,010 69,862
14,313 19,848
14,010 19,636
(i) Related to actuarial deficit. (ii) Related to actuarial deficit and sale of property, plant and equipment (iii) Related to advance on account of services to be billed.
(c) Current liabilities

Parent Company 03/31/2013 12/31/2012
Suppliers Controllers
Mitsubishi Nippon Steel Corporation Co. Ltd. Nippon Usiminas (i) Previdncia Usiminas (ii) Siderar 61,780 2
Other payables
Loans and financing
Suppliers
92,118
Other payables
Loans and financing
2,233 97,275 333 3,537
852 100,847 611 3,589
Subsidiaries
Automotiva Usiminas Cosipa Commercial Minerao Usiminas Rios Unidos Solues Usiminas Usiminas Commercial Usiminas Eletrogalvanized Usiminas Mecnica 18,100 46,319 397,624 6,999 14,353 8,657 39,498 435 7,092 500,303 5,873 14,602 21,569 193 1,248

Unigal Usiroll 93,191 1,376 65,707 717
Metform MRS 25 11,972 4 4,125 19,805
593,885
18,075
113,024
729,961
64,355
123,664
(i) Loans in US dollars, bearing charges varying from 0.83% to 2.35% p.a. + libor. (ii) Related to contributions to the pension plan.
Consolidated 03/31/2013 12/31/2012
Suppliers Controllers
Confab Mitsubishi Nippon Steel Corporation Nippon Usiminas (i) Previdncia Usiminas Siderar 28 643 61,780 2
Other payables
Dividends payable
Loans and financing
Suppliers
Other payables
Dividends payable
Loans and financing
92,118 2,233 97,275 414 3,537 32 695 3,589 852 100,847
Non-controllers
CSN Serra Azul Iron Ore LLC Sumitomo Corporation do Brasil 11,470 24,524 629 24,524 629
Jointly controlled subsidiaries Modal

Unigal Usiroll
534 93,191 1,376
660 65,707 717
Metform MRS Terminal Sarzedo 25 4,650 1,284 29,337 4 10,689 2,196 27,661

Metal One 723
174,983
35,521
25,876
97,275
172,123
32,797
25,153
100,847
The payables to related companies classified as suppliers arise mainly from purchase transactions and fall due no more than 45 days after the purchase date, in addition to credit assignment with Minerao Usiminas. The payables to related companies bear no interest.

(d) Non current liabilities
Parent Company 03/31/2013 12/31/2012 03/31/2013 Consolidated 12/31/2012
Loans and financing Controllers

Nippon Usiminas (i) 262,692
Other
Loans and financing
Other
Loans and financing
Other
Loans and financing
Other
315,700
262,692
315,700
Subsidiaries
Cosipa Commercial Usiminas Commercial Usiminas Eletrogalvanized Usiminas Galvanized Usiminas International 488,376 920,032 14,250 26,493 492 540,816 1,018,821 14,321 26,624 499
1,671,100
41,235
1,875,337
41,444
262,692
315,700
(i)Loans in US dollars, bearing charges varying from 0.83% to 2.35% p.a. + libor.

(e) Sales and purchases
Parent Company Consolidated
Sales
03/31/2013 03/31/2012 03/31/2013
Purchases
03/31/2012 03/31/2013
Sales
03/31/2012 03/31/2013
Purchases
03/31/2012
Controllers
Confab Mitsubishi Nippon Steel Corporation Siderar 595 253 68,121 74,226 3,380 2,018 1 1,725 10,969 10,489 68,121 74,233 3,380 2,018 1 1,725
Non-controllers
CSN 26,417 20,778 26,417
Subsidiaries
Automotiva Usiminas Cosipa Overseas Minerao Usiminas Rios Unidos Solues Usiminas Usiminas Eletrogalvanized Usiminas Galvanized Usiminas Mecnica 478,861 56,464 41,568 24,912 438,181 7,590 32,548 88,070 16,510 83,320 16,813 71,742 14,851 52,220 1,638 282,186 12,887 4,804 232,255 11,811 5,693 1,932 1,782

Fasal Trading Corporation Modal Unigal Usiroll 396 136 154,754 2,144 59,269 2,483 396 171 25 25 766 154,754 2,144 629 59,269 2,483
Codeme Metform MRS Terminal Sarzedo 11,294 4,054 184 11,197 4,589 24 25,101 100 32,027 11,294 4,054 184 11,219 4,589 1,849 24 61,121 3,810 529 73,713 3,258

Metal One Corporation Ternium Internacional El Salvador Ternium Internacional Espaa Ternium Internacional S.A. Montevideo Ternium Internacional Nicaragua Ternium Internacional San Jose Ternium Mxico Ternium Procurement 846,278 38,629 764,177 505,741 460,940 182,111 272 68,518 309 181 1,994 24 4,058 272 75,556 321 181 1,994 8,769 38,629 141,228 248,796 172,081 24 4,058

(f) Financial result
Parent Company 03/31/2012 Consolidated 03/31/2012
03/31/2013 Controllers Confab Mitsubishi Nippon Steel Corporation Nippon Usiminas Previdncia Usiminas Siderar Non-controllers CSN Subsidiaries Automotiva Usiminas Cosipa Commercial Cosipa Overseas Minerao Usiminas Rios Unidos Solues Usiminas Usiminas Commercial Usiminas Europa Usiminas Eletrogalvanized Usiminas Galvanized Usiminas International Usiminas Mecnica Jointly controlled subsidiaries Fasal Trading Corporation Unigal Usiroll Associated companies Codeme Metform MRS Other related parties Ternium Internacional Espaa
03/31/2013
242 5,072 4,112 127 (393)
134 11,706 117 (16)
242 5,072 4,112 127 (393)
134
11,706 117 (16)
(209)
(209)
(1) 46,596 (827) 2,381 429 (14) 88,637 (1,076) (167) 7 1,442
110 44,118 (1,414) 680 (110) 2,611 83,892 (1) (8,845) (3,593) 956
242
(25) (365) 447
242
(25) (365) 447
352 74 (298)
37 12 (60)
352 74 (298)
37 12 (60)
623 147,560 130,182
623 10,153 11,778
The financial result with related parties refers mainly to charges on loans and financing in items (c) and (d) above.

(g) Management key personnel compensation The compensation paid or payable to Management key personnel which includes the Companys Executive Board, the Board of Directors and the Fiscal Council for employees services is set out below:
Parent Company and Consolidated
03/31/2013 03/31/2012
Fees Social charges Pension plan Granting stock options plan (i)
6,293 1,354 46 1,054 8,747
5,934 1,511 62
7,507
(i) Corresponds to the benefit cost recorded in the result for the portion of the Option Plan Shares, as described in Note 25, allocated to the Executive Board.. On March 31, 2013 and March 31, 2012, no option was exercised.
(h) Nature of transactions with related parties The main Company transactions with related parties are summarized as follows: Sale of products to Confab industrial S.A. for the production of large diameter pipes, in addition to industrial equipment. Purchase from Mitsubishi Corporation do Brasil S.A. of equipment for hot strip mill n 2 of Cubato plant. Purchase of services from Nippon Steel Corporation Co Ltd., including the provision of advanced industrial technology, technical assistance services and training for employees; Sale of products to Siderar S.A.I.C. and payment of commissions on sales of rolled products abroad. Sales of products to Automotiva Usiminas for application in the stamping of pieces for the automobile industry; Purchase of iron ore from Mineraes Usiminas to be used in the Plants of Ipatinga and Cubato. Credit assignment with invoices of Minerao Usiminas S.A. related to the supply of iron ore. Purchase from Rios Unidos Logstica and Transporte de Ao S.A. of railroad transportation services of iron and steel products and different materials. Sales of products to Solues em Ao Usiminas S.A. for transformation and distribution. In addition, Solues em Ao Usiminas S.A. renders technical services in the steel area to clients of Usiminas Companies; Sales of electro-galvanized and galvanized steel to Usiminas Galvanized Stell ApS. and Usiminas Eletrogalvanized Stell ApS., respectively, to foster the sales to foreign clients. Sales of products to Usiminas Mecnica and purchase of services, like the industrialization of steel products and equipment;

Purchase from Unigal of hot-dip galvanized steel sheets and cold-rolled steel sheets and coils; Purchase from Usiroll Usiminas Court Tecnologia em Acabamento Superficial Ltda. of services of texturing and chrome plating of cylinders used in laminations; Purchase of railroad transportation services from MRS Logstica S.A. for the transportation of iron ore. Purchase from Modal Terminal de Graneis S.A. and Terminal de Cargas Sarzedo Ltda. of storage services and loading of ore. Sales of products to Ternium Mxico, Ternium Procurement, Ternium Internacional and Ternium Internacional Espaa.
The other related party transactions are mainly contracted at market prices and terms.

25 Stock Option Plan
The Company has a stock option plan for its shares. This plan is managed by the Companys Board of Directors, with the advisory of the Human Resources Committee, subject to the limitations included in the Plan. No changes occurred in the guidelines and characteristics of the plan in relation to those described in the Financial Statements for December 31, 2012. At March 31, 2013, the Plan has 2 effective programs: Program 2011, launched on October 03, 2011 and Program 2012, launched on November 28, 2012. (a) Modalities of Granting Options The Options were granted in two different modalities: (i) Basic Granting in which the number of Options granted shall be based on Usiminas strategy, and each Option granted will entitle its owner to acquire or subscribe one Company preferred share. (ii) Bonus Granting which shall be linked to a voluntary investment of the Participant, who addresses part of the net value of the variable compensation for the acquisition of preferred shares. (b) Main characteristics of the programs For the two effective programs of preferred stock option (USIM5), 6,166,414 basic options and 485,900 bonus options were granted, totaling 6.652.314 options granted to the eligible participants of the Companys Plan through the Contract for Granting of Stock Option Plan. The main characteristics of the 2011 and 2012 Programs are summarized below: Grace period: 3 years (33% after the 1st. year, 33% after the 2nd. Year and 33% after the 3rd.year); Option of destination of up to 50% of the variable compensation for the purchase of Usiminas shares. In contra entry the Company grants the bonus options; Maximum period for the exercise of Options: 7 years.

(c) Fair value of the Options The fair value of the Options at the granting date, as well as the main assumptions used in accordance with the Black & Sholes pricing model, are as follows: Program 2011
First year Fair value at the granting date Share price Exercise price Volatility of the share price Grace period (three years) Dividends estimate Free risk return rate Adjusted effectiveness Second year Third year
R$ 4.83 R$ 11.45 R$ 11.98 50.70%

33% after first year
R$ 5.07 R$ 11.45 R$ 11.98 50.70%

33% after 2nd. year
R$ 5.27 R$ 11.45 R$ 11.98 50.70%

33% after 3rd. year
2.94% 11.62% p.a. 4 years
2.94% 11.65% p.a. 4.5 years
2.94% 11.69% p.a. 5 years
Program 2012
First year Fair value at the granting date Share price Exercise price Volatility of the share price Grace period (three years) Dividends estimate Free risk return rate Adjusted effectiveness Second year Third year
R$ 4.06 R$ 10.38 R$ 10.58 37.95%

33% after first year
R$ 4.32 R$ 10.38 R$ 10.58 37.95%

33% after 2nd. year
R$4.61 R$ 10.38 R$ 10.58 37.95%

33% after 3rd. year
0.63% 8.63% p.a. 4 years
0.63% 8.75%p.a. 4,5 years
0.63% 8.87% p.a. 5 years
For the 2011 Program, whith granting occurred on October 03, 2011, the exercise price was defined based on the daily average quotation in the month of September, 2011. For the 2012 Program, the exercise price, which occurred on November 28, 2012, was defined based on the daily average quotation in month of September, 2012. The estimated volatility of the share price is based on the adjusted historical volatility of 36 months prior to the granting date. The fair value of the Options granted is recorded as expenses during the grace period.
The total number of outstanding Options and the weighted average price of the Options are stated below:
03/31/2013 Program 2011 R$ 11.98 12/31/2012 Program 2011 R$ 11.98
Program 2012 Weighted average of the exercise price Outstanding options at the beginning of the period Granted during the period Canceled during the period R$ 10.58
Program 2012 R$ 10.58
3,660,561
1,604,880 3,660,561
2,991,753
(254,153)
(162,681)
(1,386,873)
Outstanding options at the end of the period
3,406,408
1,442,199
3,660,561
1,604,880
At March 31, 2013 and December 31, 2012, no option was exercised. The impact on the result of the Stock Option Plan described above totaled an expense of R$2,815 at March 31,2013 (March 31, 2012 - R$1,649), amount which was recorded in the income statement. In the same period, the impact at the Equity was R$2,152.

26 Statements of Cash Flows
(a) Supplementary information

Parent Company and Consolidated 03/31/2013 Sale of property, plant and equipment with no cash effect
30,000
On March 28, 2013, the Company sold its limestone mine called Mina de Taquaril, located in the municipality of Matozinhos, Minas Gerais, whose carrying amount recorded was R$214. The transaction amounted to R$30,000, being assessed a positive accounting effect on the result of R$29,786. Said sale is aligned with Managements objectives of realization of assets not related to the Companys main activity (Core Business).
27
Explanatory notes presented in the annual financial statements that are not presented in this interim financial information Pursuant to Circular Letter CVM/SYNC/SEP/No.003/2011, the Company has disclosed the explanatory notes considered to be relevant in the context of the "Basic Accounting Pronouncement - Conceptual Structure for the Preparation and Presentation of the Financial Statements". All the information on omissions or effects that could influence a user's economic decisions have been duly disclosed in the financial information, which should be read together with the Financial Statements at December 31, 2012. An index to the exact location of the explanatory notes in respect of which the information was not repeated in this interim financial information, because it was redundant or not significant, is set out below: Note 04 - Critical accounting estimates and judgments Note 07 - Financial instruments by category Note 08 - Credit quality of financial assets Note 18 - Impairment of non-financial assets Note 21 - Debentures Note 22 - Taxes payable Note 23 - Taxes payable in installments Note 25 - Provision for environmental recovery Note 29 - Revenue Note 31 - Employment benefit expenses Note 32 - Operating income (expenses) Note 35 Commitments Note 38 Insurance coverage

Board of Directors
Paulo Penido Pinto Marques President Alcides Jos Morgante Counselor Daniel Agustn Novegil Counselor Jos Oscar Costa de Andrade Counselor Eiji Hashimoto Counselor Roberto Caiuby Vidigal Counselor Alosio Macrio Ferreira de Souza Counselor Fumihiko Wada Counselor Marcelo Gasparino da Silva Counselor in Office Rita Rebelo Horta de Assis Fonseca Counselor
Fiscal Council
Paulo Frank Coelho da Rocha Counselor Jnio Carlos Macedo Counselor Masato Ninomiya Counselor Lcio de Lima Pires Counselor Telma Suzana Mezia Counselor
Executive Board
Julin Alberto Eguren President-Director Marcelo Rodolfo Chara Industrial Vice-President Ronald Seckelmann Finance Vice-President and Investors Relation Paolo Felice Bassetti Subsidiaries Vice-President Rmel Erwin de Souza Information Technology and Quality Vice-President Srgio Leite de Andrade Business Vice-President Nobuhiro Yamamoto Vice-President of Corporate Planning
Marcos Aurlio Alves General Manager of Accounting Responsvel Tcnico CRC-MG 34.381/O

1 - Differentiated Corporate Governance Practices Level 1
In compliance with the Regulation of Differentiated Governance Practices Level 1, we present below all shareholdings position exceeding 5% of the companys shares, segregated by t ype and class, up to the individual level.
USINAS SIDERRGICAS DE MINAS GERAIS S.A. USIMINAS - CNPJ 60.894.730/000105 SHARES IN UNITS BASE DATE : 03/31/2013
Common Shares Shareholders Number Companhia Siderrgica Nacional Nippon Usiminas Co., Ltd. Previdncia Usiminas Nippon Steel & Sumitomo Metal Corporation Ternium Investments S.A.R.L. Prosid Investments S.C.A. Confab Industrial S.A. Usiminas S.A. em Tesouraria Caixa de Previdncia dos Funcionrios do Banco do Brasil Others Total 43,038,800 119,969,788 34,109,762 27,347,796 84,741,296 20,000,000 25,000,000 2,526,654 53,034,392 95,492,196 505,260,684 % 8.52 23.74 6.75 5.41 16.77 3.96 4.95 0.50 10.50 18.90 100 24,060,356 6,700,550 394,746,248 508,439,712 4.73 1.32 77.64 100 85,794 85,794 100 100 307,926 0.06 Number 79,793,800 2,830,832 % 15.69 0.56 Number % Number 122,832,600 122,800,620 34,109,762 27,655,722 84,741,296 20,000,000 25,000,000 26,587,010 59,734,942 490,324,238 1,013,786,190 % 12.12 12.11 3.36 2.73 8.36 1.97 2.47 2.62 5.89 48.37 100 Preferred Shares "A" Preferred Shares. "B" Total

COMPANHIA SIDERRGICA NACIONAL CNPJ n 33.042.730/0001-04 SHARES IN UNITS BASE DATE : 03/31/2013
Common Shares Shareholders Number Rio Iaco Participaes S.A. Vicunha Siderurgia S.A. Other Total 58,193,503 697,719,990 702,056,615 1,457,970,108 % 3.99 47.86 48.15 100 Number % Number 58,193,503 697,719,990 702,056,615 1,457,970,108 % 3.99 47.86 48.15 100 Preferred Shares Total
RIO IACO PARTICIPAES S.A CNPJ n 06.990.482/0001-50 SHARES IN UNITS BASE DATE : 03/31/2013
Common Shares Shareholders Number Rio Purus Participaes S.A. Other Total 499 1 500 % 99.80 0.20 100 Number % Number 499 1 500 % 99.80 0.20 100 Preferred Shares Total
VICUNHA SIDERURGIA S.A. CNPJ n 02.871.007/0001-04 SHARES IN UNITS BASE DATE : 03/31/2013
Common Shares Shareholders Number Vicunha Aos S.A. Total 580,634,272 580,634,272 % 100 100 Number 468,298,605 468,298,605 % 100 100 Number 1,048,932,877 1,048,932,877 % 100 100 Preferred Shares Total
RIO PURUS PARTICIPAES S.A. CNPJ n 60.078.060/0001-59 SHARES IN UNITS BASE DATE : 03/31/2013
Common Shares Shareholders Number Dorotha Steinbruch Other Total 702,046,223 1,500 702,047,723 % 99.99 0.01 100 702,047,723 702,047,723 100 100 Number % Number 702,046,223 702,049,223 1,404,095,446 % 49.99 50.01 100 Preferred Shares Total
VICUNHA AOS S.A. CNPJ n 04.213.131/0001-08 SHARES IN UNITS BASE DATE : 03/31/2013
Common Shares Shareholders Number Vicunha Steel S.A. Other Total 223,982,554 8 223,982,562 % 99.99 0.01 100 110,521,137 110,521,137 100 100 Number % Number 223,982,554 110,521,145 334,503,699 % 66.96 33.04 100 Preferred Shares Total
VICUNHA STEEL S.A. CNPJ n 04.169.992/0001-36 SHARES IN UNITS BASE DATE : 03/31/2013
Common Shares Shareholders Number CFL Participaes S.A. Rio Purus Participaes S.A. Other Total 88,994,551 133,491,823 8 222,486,382 % 39.99 60 0.01 100 Number % Number 88,994,551 133,491,823 8 222,486,382 % 39.99 60 0.01 100 Preferred Shares Total
CFL PARTICIPAES S.A. CNPJ n 60.078.045/0001-00 SHARES IN UNITS BASE DATE : 03/31/2013
Common Shares Shareholders Number Clarice Steinbruch Fbio Steinbruch Leo Steinbruch Total 327,396,429 327,396,430 327,396,429 982,189,288 % 33.33 33.34 33.33 100 Number % Number 327,396,429 327,396,430 327,396,429 982,189,288 % 33.33 33.34 33.33 100 Preferred Shares Total
NIPPON USIMINAS CO., LTD. SHARES IN UNITS BASE DATE : 03/31/2013

Common Shares Shareholders Number Nippon Steel Corporation - NSC (1) Total 300,914 300,914 % 100.00 100.00 Number % Number 300,914 300,914 % 100.00 100.00 Preferred Shares Total
(1) NSC Nippon Steel Corporation is a publicly held company listed on the Tokyo Stock Exchange Japan and the parent company of Nippon Steel Group the main business of which is steel production in addition rendering Engineering. Construction Chemistry Systems Technology and others services through different subsidiaries.
CONFAB INDUSTRIAL S.A. CNPJ 60.882.628/0001-90 SHARES IN UNITS DATA BASE : 03/31/2013
Common Shares Shareholders Number Siderca S.A.I.C.(1) Tenaris Investments S. rl. (2) Total 167,308,639 231,901,398 399,210,037 % 41.91 58.09 100.00 Number % Number 167,308,639 231,901,398 399,210,037 % 41.91 58.09 100.00 Preferred Shares Total
(1) Siderca S.A.I.C. is an Argentine joint stock company and its main shareholders are Tenaris Investments S. rl., Luxembourg company, and Tenaris Global Services S.A., Uruguayan company, both jointly owned subsidiaries of Tenaris S.A., which hold approximately 97.49% and 2.50%, respectively, of the shares issued by Siderca S.A.I.C. (2) Tenaris Investments S. rl Luxembourg limited liability company, whose shareholder is Tenaris S.A, that holds 100.00% of its shares. Tenaris S.A. is a publicly held company, listed at New York Stock Exchange (NYSE) United States of America, at Buenos Aires Stock Exchange Argentina, at Milan Stock Exchange(MTA) Italy and at Mexico Stock Exchange Mexico. Tenaris S.A. is the parent company of Tenaris Group, which, through its different subsidiaries, has as main business the production and supply of steel pipes and services provision for the world energetic industry, as well as for certain industrial use. Tenaris S.A. is controlled by San Faustin S.A., Luxembourg joint stock company (San Faustin), which, indirectly holds, through its Luxembourg jointly owned subsidiary Techint Holdings S. r.l., approximately 60.5% of the shares issued by Tenaris S.A. Rocca & Partners Stichting Administratiekantoor Aandelen San Faustin, a Dutch private foundation (RP STAK), owns shares issued by San Faustin in sufficient number to control San Faustin. No person or group of persons controls RP STAK.
PROSID INVESTMENTS S.C.A. CNPJ 14.759.342/0001-02 03/31/2013

Prosid Investments S.C.A. has as its main shareholder Siderar S.A.I.C. with 99.99% of participation in the capital share.
SIDERAR S.A.I.C. CNPJ 05.722.544/0001-80 03/31/2013

Siderar S.A.I.C. is an Argentine publicly held joint stock company, listed at Buenos Aires Stock Exchange Argentina. Siderar S.A.I.C. has as its main shareholders Ternium Internacional Espaa, S.L.U., Spanish jointly owned subsidiary of Ternium S.A., which owns approximately 60.94% of the shares issued by Siderar S.A.I.C., and to Administracin Nacional de la Seguridad Social (ANSeS), Argentine government body, which owns approximately 26.03% of the shares issued by Siderar S.A.I.C. Ternium S.A. control is detailed below.
TERNIUM INVESTMENTS S. R.L. CNPJ 12.659.927/ 0001-17 03/31/2013

Ternium Investments S. r.l. is a Luxembourg limited liability company whose single partner is Ternium S.A. with 100% of participation in its capital share. Ternium S.A. is a publicly held company, listed at New York Stock Exchange (NYSE) United States of America. Ternium S.A. is the parent company of Ternium Group, which, through its different subsidiaries, has as main business the production of long and flat steel, with production centers located in Argentina, in Colombia, in the United States of America, in Guatemala and in Mexico. Ternium S.A. is controlled by San Faustin, which, indirectly holds, through its Luxembourg jointly owned subsidiary Techint Holdings S. r.l., approximately 62% of the shares issued by Ternium S.A. RP STAK owns shares issued by San Faustin in sufficient number to control San Faustin. No person or group of persons controls RP STAK.
In compliance with the Regulation of Differentiated Corporate Governance Practices Level 1 we present below the nature of marketable securities issued by the Company. owned directly or indirectly by the Controlling Shareholder, Officers Members of the Fiscal Council and of the Board of Directors. The table also presents the outstanding shares and their percentage in relation to the total number of shares issued.
1
Common Shareholders Units % Preferred class A Units % Preferred class 2 B Units %
Position at 03/31/2013 Total Units %
Controlling Shareholders
329,377,429
65.19
3.138.758
0,62
332,516,187
32.8
Officers
Board of Directors Executive Board 8 2 162.003 9.247 0,03 162,011 9,249 0.02
Fiscal Council
100
100
Treasury Shares
2,526,654
0.5
24.060.356
4,73
26,587,010
2.62
Other shareholders
173,356,491
34.31
481.069.348
94,62
85.794
100
654,511,633
64.56
Total
505,260,684
100
508.439.712
100
85.794
100 1,013,786,190
100
Outstanding shares
173,356,591
34.31
481.069.348
94,62
85.794
100
654,511,733
64.56
3
Common Shareholders Units % Preferred class A Units % Preferred class 4 B Units %
Position at 03/31/2012 Total Units %
Controlling Shareholders
329,377,434
65.19
3,138,758
0.62
332,516,192
32.80
Officers
Board of Directors Executive Board 4,024 10 4,006 1,182 8,030 1,192
Fiscal Council
8,100
8,100
Treasury Shares
2,526,654
0.50
24,060,356
4.73
26,587,010
2.62
Other shareholders
173,352,562
34.31
481,227,310
94.65
85,794
100.00
654,665,666
64.58
Total
505,260,684
100.00
508,439,712
100.00
85,794
100.00 1,013,786,190
100.00
Outstanding shares
173,352,562
34.31
481,235,410
94.65
85,794
100.00
654,673,766
64.58

Itr - 1Q13

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ITR- Quarterly Information 03/31/2013 USINAS SIDERRGICAS DE MINAS GERAIS SA

Table of Contents Company Data

Individual Financial Statements

Consolidated Financial Statements

ITR- Quarterly Information 03/31/2013 USINAS SIDERRGICAS DE MINAS GERAIS SA

505,260,684 508,525,506 1,013,786,190 2,526,654 24,060,356 26,587,010

ITR- Quarterly Information 03/31/2013 USINAS SIDERRGICAS DE MINAS GERAIS SA

Individual Financial Statements / Balance Sheet Assets

ITR- Quarterly Information 03/31/2013 USINAS SIDERRGICAS DE MINAS GERAIS SA

ITR- Quarterly Information 03/31/2013 USINAS SIDERRGICAS DE MINAS GERAIS SA

-0.15 -0.16 -0.15 -0.16

-0.07 -0.08 -0.07 -0.08

ITR- Quarterly Information 03/31/2013 USINAS SIDERRGICAS DE MINAS GERAIS SA

ITR- Quarterly Information 03/31/2013 USINAS SIDERRGICAS DE MINAS GERAIS SA

ITR- Quarterly Information 03/31/2013 USINAS SIDERRGICAS DE MINAS GERAIS SA

Individual Financial Statements / Statements of Changes in Equity - 01/01/2013 to 03/31/2013

Paid- up Capital 12,150,000 0 12,150,000 0 0 0 0 0 0 0 0 0 0 0 12,150,000

ITR- Quarterly Information 03/31/2013 USINAS SIDERRGICAS DE MINAS GERAIS SA

Individual Financial Statements / Statements of Changes in Equity - 01/01/2012 to 03/31/2012

ITR- Quarterly Information 03/31/2013 USINAS SIDERRGICAS DE MINAS GERAIS SA

ITR- Quarterly Information 03/31/2013 USINAS SIDERRGICAS DE MINAS GERAIS SA

ITR- Quarterly Information 03/31/2013 USINAS SIDERRGICAS DE MINAS GERAIS SA

2.02.04.01.02 Social Security and Labor Provisions

2.02.04.02.03 Provisions for Environmental Liabilities and Demobilization

ITR- Quarterly Information 03/31/2013 USINAS SIDERRGICAS DE MINAS GERAIS SA

ITR- Quarterly Information 03/31/2013 USINAS SIDERRGICAS DE MINAS GERAIS SA

ITR- Quarterly Information 03/31/2013 USINAS SIDERRGICAS DE MINAS GERAIS SA

ITR- Quarterly Information 03/31/2013 USINAS SIDERRGICAS DE MINAS GERAIS SA

ITR- Quarterly Information 03/31/2013 USINAS SIDERRGICAS DE MINAS GERAIS SA

219,684 3,871,384 219,684 3,871,384

ITR- Quarterly Information 03/31/2013 USINAS SIDERRGICAS DE MINAS GERAIS SA

ITR- Quarterly Information 03/31/2013 USINAS SIDERRGICAS DE MINAS GERAIS SA

Consolidated Financial Statements/Statement of Value

ITR- Quarterly Information 03/31/2013 USINAS SIDERRGICAS DE MINAS GERAIS SA

See Earnings Release

ITR- Quarterly Information 03/31/2013 USINAS SIDERRGICAS DE MINAS GERAIS SA

ITR- Quarterly Information 03/31/2013 USINAS SIDERRGICAS DE MINAS GERAIS SA

ITR- Quarterly Information 03/31/2013 USINAS SIDERRGICAS DE MINAS GERAIS SA

Interim Financial Statements

3.1 Preparation basis

ITR- Quarterly Information 03/31/2013 USINAS SIDERRGICAS DE MINAS GERAIS SA

ITR- Quarterly Information 03/31/2013 USINAS SIDERRGICAS DE MINAS GERAIS SA

4.1 Sensitivity analysis

Increase in CDI Decrease in the price of zinc Decrease in LIBOR

Swap of commodities Swap of interest

Swap of interest Swap of commodities Swap of interest Swap of exchange

ITR- Quarterly Information 03/31/2013 USINAS SIDERRGICAS DE MINAS GERAIS SA

Account receivables Total

Appreciation to USD Appreciation to USD Appreciation to EUR Appreciation to JPY

(649,438) (2,341,716) (29,541) (1,582,454) (4,603,149)

(500,271) (1,642,889) (23,334) (1,424,157) (3,590,651)

(500,271) (1,642,889) (23,334) (1,424,157) (3,590,651)

(625,339) (2,053,611) (29,168) (1,780,196) (4,488,314)

(750,407) (2,464,334) (35,001) (2,136,236) (5,385,978)

ITR- Quarterly Information 03/31/2013 USINAS SIDERRGICAS DE MINAS GERAIS SA

Account receivables Financial investments Total

439,528 1,528,421 1,967,949

317,511 1,538,005 1,855,516

317,511 1,538,005 1,855,516

396,889 1,922,506 2,319,395

476,267 2,307,008 2,783,275

Appreciation to USD Appreciation to USD Appreciation to EUR Appreciation to JPY