Brazil steelmaker CSN says margins to rise in 2014

SAO PAULO Fri Feb 28, 2014 9:41am EST

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SAO PAULO Feb 28 (Reuters) - Companhia Siderúrgica Nacional SA, Brazil's second-largest producer of flat steel products, sees its margins rising in 2014 as a result of cost-cutting measures, commercial director Luis Fernando Martinez said on a conference call to discuss quarterly earnings on Friday.

The company, known as CSN, posted an unexpected 487.1 million reais ($210 million) loss in the fourth quarter after settling a tax bill on foreign earnings.

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