Brazilian steel and mining giant CSN has announced plans to divest a number of logistical assets, including railroads and port terminals, as part of a strategic move to reduce financial leverage. The disclosure was made during an investor conference held earlier this week.
Major Rail and Port Assets on the Market
The divestment plan includes the sale of:
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FTL and TLSA railroads, which connect northeastern Brazilian states to the ports of Pecém (Ceará) and Suape (Pernambuco)
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Two marine terminals at the Port of Itaguaí
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The Sepetiba Tecon container terminal, all located in Rio de Janeiro state
CSN estimates the total proceeds from the sale could reach approximately $4.6 billion.
Debt Reduction Target in Sight
As of the end of Q2 2025, CSN reported a leverage ratio of 3.24 times EBITDA. The company expects that upon completion of the asset sales, this ratio will drop below 3.0, marking a significant step toward financial stability and balance sheet improvement.
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