COMMERCIAL NETWORK: THE VALUE ADDED

José RiestraAssistant Director to the Chairman

Investor and Analyst’s Day

North American Stainless (NAS)

16th September 2010

CHRONOLOGICAL EVOLUTION 1969 - 2010

Commercial Network: The Value Added

Service centers

Warehouses

Offices

22

32

18

FROM THE EARTH TO THE MOON 5 TIMES

IN 48” x 0.03937” SHEET

TOTAL SALES FLAT PRODUCT

24,474,891 TONS

Commercial Network: The Value Added

TOTAL SALES LONG PRODUCT

1,681,500 TONS

168168 EIFFEL TOWERSEIFFEL TOWERS

Commercial Network: The Value Added

Philadelphia

Washington

THE MILLAU BRIDGE, THE THE MILLAU BRIDGE, THE

TALLEST BRIDGE IN THE TALLEST BRIDGE IN THE

WORLD WORLD WOULD GO FROM WOULD GO FROM

PHILADELPHIA TO PHILADELPHIA TO

WASHINGTON WASHINGTON

(126.14 miles)(126.14 miles)

1,681,500 TONS

TOTAL SALES LONG PRODUCT

Commercial Network: The Value Added

Philadelphia

Washington

THE MILLAU BRIDGE, THE THE MILLAU BRIDGE, THE

TALLEST BRIDGE IN THE TALLEST BRIDGE IN THE

WORLD WORLD WOULD GO FROM WOULD GO FROM

PHILADELPHIA TO PHILADELPHIA TO

WASHINGTON WASHINGTON

(126,138352 miles)(126,138352 miles)

1,681,500 TONS

TOTAL SALES LONG PRODUCT

= 100 MILLAU BRIDGE, FRANCE

Commercial Network: The Value Added

TOTAL SALES WIRETOTAL SALES WIRE

AN INFANTRY OF AN INFANTRY OF

10,000,000 SOLDIERS IN 10,000,000 SOLDIERS IN

THEIR CHAIN MAIL SUITS THEIR CHAIN MAIL SUITS

MADE OF STAINLESS MADE OF STAINLESS

STEEL WIRESTEEL WIRE

250,000 TONS

Commercial Network: The Value Added

COMMERCIAL NETWORK

400,000m2 � 98.84 acreCOVERED SURFACE, WAREHOUSES

Commercial Network: The Value Added

18 OFFICES

32 WAREHOUSES

Commercial Network: The Value Added

DIFFERENT PREMISES

22 SERVICE CENTERS

GRUPINOX - 22 WAREHOUSES - SPAIN

Commercial Network: The Value Added

COMMERCIAL NETWORK: WAREHOUSESCOMMERCIAL NETWORK: WAREHOUSES

Commercial Network: The Value Added

COMMERCIAL NETWORK: SERVICE CENTERS

Commercial Network: The Value Added

SERVICE CENTRES: LINES and CAPACITIESSERVICE CENTRES: LINES and CAPACITIES

SLITTER: 800,000 TONS/YEAR CUT TO LENGHT: 500,000 TONS/YEAR POLISHED: 60,000 TONS/YEAR

SLITTERS: 23 lines CUT TO LENGHT: 18 lines POLISHED: 10 lines

Commercial Network: The Value Added

HUMAN RESOURCES

Commercial Network: The Value Added

HUMAN RESOURCES

HUMAN RESOURCES

1.070

259141

963

1.566

EUROPE ASIA AMERICA AFRICA OCEANIA TOTAL GROUP

Commercial Network: The Value Added

HUMAN RESOURCES

PRODUCTSPRODUCTS

Commercial Network: The Value Added

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Commercial Network: The Value Added

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Commercial Network: The Value Added

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Commercial Network: The Value Added

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Commercial Network: The Value Added

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Commercial Network: The Value Added

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Commercial Network: The Value Added

PRODUCTSPRODUCTS

Commercial Network: The Value Added

PRODUCTSPRODUCTS

Commercial Network: The Value Added

PRODUCTSPRODUCTS

Commercial Network: The Value Added

ACERINOX

making stainless, helping life

Commercial Network: The Value Added