{
  "id": 13353633,
  "title": "Brazil Steelmaker Plans US$616M German Steel Mill Sale",
  "url": "https://urgent.news/2026/10/10/brazil-steelmaker-plans-us-616m-german-steel-mill-sale",
  "topic": "business",
  "section": "Business",
  "published": "2026-10-10T06:55:57.000Z",
  "source": {
    "name": "The Rio Times",
    "slug": "the-rio-times",
    "url": "https://www.riotimesonline.com/brazil-csn-german-steel-mill-sale-megasa-2026/"
  },
  "original_language": "en",
  "account": "Brazilian steelmaker Companhia Siderúrgica Nacional (CSN) has reached an agreement to sell its German long-steel plant, Stahlwerk Thüringen, to Spanish steel group Megasa for €550 million (approximately US$616 million). CSN, which trades on the New York Stock Exchange under the ticker SID, filed the binding term sheet with Brazilian securities regulator CVM on October 9th. The deal aims to reduce CSN's heavy debt, currently valued at R$42.1 billion (about US$8.4 billion) as of June 2026, which is 3.49 times the company's EBITDA over the past year. The German plant, located in Unterwellenborn, Thuringia, produces structural steel and has a capacity of 1.1 million tonnes annually. CSN bought the plant in 2012 to expand its product range and strengthen its long-steel business. Megasa, a long-established Spanish industrial group, has plants in Spain, Portugal, and France. The sale is part of CSN's broader divestment strategy to lower its debt level, with the company stating it remains committed to asset sales and extending debt maturity.",
  "summary": "Brazilian steelmaker CSN has signed binding terms to sell its Stahlwerk Thüringen mill in Germany to Spain's Megasa, valuing it at about US$616 million. The post Brazil Steelmaker Plans US$616M German Steel Mill Sale appeared first on The Rio Times .",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}