CSN may delay mining IPO

Friday, 06 November 2020 20:57:07 (GMT+3)   |   Sao Paulo

Brazilian steelmaker Companhia Siderurgica Nacional (CSN) may delay its mining IPO, a media report from Valor said.

The media report said investors are indeed interested in the mining business, however, the current scenario in Brazil, despite some improvements in steel demand, was seen as unstable. CSN expects to raise about $1.5 billion with the stock offering.

Most Recent Related Articles

CSN resumes No. 2 blast furnace

Vale increases Laranjeiras dam risk to level 2 out of 3

CSN issues $300 million in notes to refinance debt

Vale on track to stabilize iron ore output

Brazilian mining companies to spend $2.2 billion to decommission dams