Brazilian steelmaker CSN has announced a substantial investment plan totaling $5.81 billion set to unfold over the next seven years until 2028.
Anticipated to have a transformative impact on the industry, the investment aims to significantly bolster iron ore production, projecting an increase from 42 million tons in 2024 to an impressive 68 million tons by the conclusion of the investment period in 2028.
CSN's growth hinges on the success of this substantial investment, and projections indicate that the company's consolidated EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) is poised to experience a substantial surge. The forecast suggests an ascent from $4 billion to an impressive $7.75 billion by 2028.
These targets are contingent upon the fluctuations in the average annual prices of the 62% iron ore and hot rolled steel coil, underscoring the company's sensitivity to market dynamics.
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