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CSN plans more asset sales this year - CEO

Steel News - Published on Wed, 16 May 2018

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Reuters reported that the Chief Executive Officer of Brazilian steelmaker Companhia Siderurgica Nacional told analysts on Tuesday the company plans to sell up to BRL 4 billion (USD 1 billion) in assets by the end of the year. Benjamin Steinbruch said the company is willing to sell assets such as a stake in rival steelmaker Usinas Siderurgicas de Minas Gerais, a port terminal in the state of Rio de Janeiro and its Portuguese subsidiary Lusosider Aços Planos SA.

CSN announced late on Monday the sale of its US unit for USD 400 million.

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Posted By : Amom Remju on Wed, 16 May 2018
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