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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 A├žos 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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