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CSN plans to sell some assets to reduce debt

23 Jan 2026 15:50 reported by Raul Lee

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The Brazilian steel group CSN, controlled by the Steinbruch family, is considering selling its infrastructure and cement assets in order to reduce debt amid high interest rates.

Benjamin Steinbruch, the company's CEO, stated that CSN is facing the challenge of high interest rates and disorganized competition from imported steel products, which is seriously jeopardizing the company's investments and growth.

CSN expects to reduce its debt by between R$15 billion and R$18 billion starting in 2026, allowing it to invest at a lower cost of capital in priority areas such as mining and energy. For example, CSN plans to increase iron ore annual production to 65 million tons by 2030, from 47.5 million tons expected for 2026 to 2027.

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