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