Brazil's Rio de Janeiro state environment agency Inea plans to announce a fine to local steelmaking group Cia Siderúrgica Nacional SA for failing to comply with terms of an accord to clean up an oil spill in 2010.
The agency said on its website that the accord was signed between the company,known as CSN,and Inea in the wake of a massive oil spill in the Paraíba do Sul river.
In a report,Deutsche Bank Securities analyst Rodrigo Barros said that"will wait for further information on this fine and the possibilities of a new agreement before making any adjustment to our CSN's forecast and price target."
Source:
http://www.steelguru.com/international_news/CSN_faces_environmental_fine_over_2010_oil_spill_Report/295824.html
