CSN, Glencore may reach second iron ore deal

Friday, 07 June 2019 00:51:28 (GMT+3)   |   Sao Paulo

Brazilian steelmaker Companhia Siderurgica Nacional (CSN) might close a second iron ore deal with Glencore, local media Valor said this week. According to CSN CEO Benjamin Steinbruch, the deal should be signed next week.

The deal would reach about $250 million, the executive said, without providing further details. CSN closed a similar recent deal for the supply of iron ore, which was worth $500 million.

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