Brazil steelmaker CSN looking to sell assets this year -CEO

lunes 13 de julio de 2015 10:20 GYT

By Alberto Alerigi

SAO PAULO, July 13 (Reuters) - Brazilian steelmaker CSN is looking to sell under-performing assets this year in an attempt to reduce debt in the midst of a steel and iron ore slump, Chief Executive Officer Benjamin Steinbruch said on Monday.

Speaking on the sidelines of a steel conference in São Paulo, Steinbruch, whose family is the company's majority shareholder, said that a stake CSN owns in smaller steel rival Usiminas was among the assets the company was potentially looking to sell. He declined to elaborate further. (Reporting by Alberto Alerigi Jr; Writing by Stephen Eisenhammer)