Business

Explosion at Rio steelworks causes more misery for CSN

csn explosion

On Wednesday morning, an explosion at the Volta Redonda plant of steelmaker Companhia Siderúrgica Nacional (CSN) left dozens of employees with signs of intoxication and brought production to a halt. Several workers were rushed to the hospital and company shares took a hit at exchanges in São Paulo and New York. This was the latest in a series of accidents at the company in the last 12 months.

Early in the morning, a loud explosion was heard in Volta Redonda, a city northwest of Rio de Janeiro which is home to CSN’s Presidente Vargas plant. Local...

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