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Company News

Brazil steelmaker CSN expects 2019 to be "huge" -CEO

NEW YORK, April 11 (Reuters) - After emerging from one of the most difficult periods in its history, 2019 is shaping up to be a bumper year for Brazilian steelmaker Companhia Siderurgica Nacional, chief executive Benjamin Steinbruch said on Thursday.

“Expectations are huge,” the CSN boss said at a conference in New York, noting that the firm has cut costs and increased efficiencies. He added that the price of iron ore jumped to $95, a $30 increase, in the weeks after a dam operated by Vale SA burst in the Brazilian state of Minas Gerais, killing hundreds. (Reporting by Jamie McGeever Editing by Chizu Nomiyama)

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