trending Market Intelligence /marketintelligence/en/news-insights/trending/yzgeb-ket4grdgczin6kna2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

CSN to proceed with deleveraging by July, says CEO

Mining Insights Newsletter June 2020

A Decade of Underperformance for Gold Discoveries

State of the Market: Mining Q1-2020

Mining Exploration Insights - April 2020

CSN to proceed with deleveraging by July, says CEO

Cia. Siderúrgica Nacional CEO Benjamin Steinbruch vowed to proceed with the deleveraging of the company by July, Bloomberg News reported May 11.

According to the report, the Brazilian steelmaker's CEO became emboldened after completing roadshows earlier this year in which investors told him that the company can gain more attractive credit ratings if it could reduce debt below three times earnings before items.

Steinbruch said earlier that the Brazilian steelmaker would conclude asset sales of 2 billion to 3 billion reais this year to slash its debt, which potentially includes a stake in rival steelmaker Usinas Siderúrgicas de Minas Gerais SA.

The executive added that he was confident about concluding debt talks with Caixa Economica Federal by the end of this month.

In February, CSN struck a deal with Banco do Brasil SA outlining the main terms of extending debt maturities. Both Caixa and Banco do Brazil holds about 49% of CSN's total indebtedness, with the steelmaker aiming to stretch repayments to 45 months from 26 months.

As of May 10, US$1 was equivalent to 3.55 Brazilian reais.