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CSN's Colossal Capital Consolidation: $4.6B Asset Auction

Brazilian steel giant CSN announced plans to sell $4.6 billion worth of logistical assets during an investor conference. The divestment includes northeastern railroad operations & marine terminals in Rio de Janeiro state. CSN aims to reduce financial leverage from 3.24 times EBITDA to below 3.0 through the asset sales. The railroad networks connect interior regions to coastal ports while marine terminals handle steel & iron ore exports.

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