Impacted by consolidated net debt of over BRL 27 billion ($6.69 billion), Companhia Siderúrgica Nacional (BOVESPA:CSNA3) is ready to sell part of its iron ore assets in order to deleverage and be better prepared for the coming quarters, with the expectation of improvements in the economy. The company owns 88% of iron ore venture Congonhas Minérios S.A., with Asian partners holding the other 12%. "If I have to sell part of the mining business [Congonhas] to get as comfortable as possible, I will do it.

I'm readily available to sell 8% of the business, which is my wish - not that of the market, investors, shareholders or analysts, but my desire," Chief Executive Officer Benjamin Steinbruch told the company's third quarter earnings call.