Brazil's CSN starts asset sale efforts, renegotiating debt terms

jueves 13 de agosto de 2015 10:29 GYT

SAO PAULO Aug 13 (Reuters) - Brazilian steel maker CSN has begun efforts to sell off non-core assets in an effort to ease its heavy debt burden and has hired banks to assist in the process, company executives said on a Thursday conference call with analysts.

The company, formally known as Companhia Siderúrgica Nacional SA, reported that it swung to a net loss of 614.6 million reais ($175.1 million) in the second quarter as lower demand for iron ore weighed on revenue.

($1 = 3.51 Brazilian reais)

(Reporting by Asher Levine; Editing by Christian Plumb)