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CSN validates interest in obtaining Samarco

Gangya Metal508 people have read

Brazilian iron ore and steel producer Companhia Siderurgica Nacional (CSN), validated in a declarationcoil rates that it has actually hired a working as a consultant firm to assess the procurement of Samarco, the Brazilian iron ore and also pellets manufacturer presently in judicial recovery.According to CSN, the evaluation will certainly consist of the context of both restructuring of financial debts by Samarco and CSN's permanent look for opportunities of spending in its company strategy.In an answer to a demand for info from the financial market authority, CVM, CSN said that thus far there is no reality or document on the subject that must be made public under the current legislation.CSN added that it maintains a commitment to keep its investors and also the market notifiedGangya metal of any type of appropriate fact concerning the subject.Meanwhile, Vale as well as cold rolled stainless steel coil priceBHP, the owners of Samarco, have actually reportedly pointed out that the company is not up for sale, adding that their focus is to guarantee its sustainability, as it has a projected economic debt of $10 billion.

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