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Brazil’s Bold Brass: A Steel Titan’s Transition & Turnaround
Benjamin Steinbruch stepped down as CSN CEO, appointing Fabio Schvartsman as his successor. Steinbruch becomes chairman to oversee restructuring. CSN faces $8.3 billion in debt, equal to 3.5 times its EBITDA. The company plans asset sales including cement and logistics to reduce leverage. Schvartsman's experience at Vale will be crucial for the turnaround
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