9,659.48 TRY BIST 100 BIST 100
37.83 USD USD USD
5.24 CNY CNY CNY
40.78 EUR EUR EUR
0.13 CNY CNY/EUR CNY/EUR
46.25 TRY Interest Interest
74.48 USD Fossil Oil Fossil Oil
33.77 USD Silver Silver
5.04 USD Copper Copper
102.21 USD Iron Ore Iron Ore
356.00 USD Shipbreaking Scrap Shipbreaking Scrap
3,803.99 TRY Gold (gr) Gold (gr)

Investment decision from Brazilian CSN to increase annual capacity

Brazilian CSN decided to invest to increase annual capacity.

Investment decision from Brazilian CSN to increase annual capacity

Brazilian steelmaker Companhia Siderurgica Nacional (CSN) plans to invest 7.9 billion reais between 2023 and 2028 to modernize its industrial park with the aim of achieving EBITDA of approximately 2.8 billion in 2028.

CSN CEO Benjamin Steinbruch said his company plans to build a new facility to increase its annual steel production capacity of 3.8 million tons to its original capacity of 5 million tons.

According to CSN's commercial director Luis Fernando Martínez, CSN has encountered operational problems this year that have limited steel production capacity at the plant. CSN expects to increase steel sales by at least 10% next year, supported by operational improvements that will eliminate production bottlenecks and reduce steel imports into Brazil.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

Angang Steel suffers USD 1 billion loss amid crisis in China's steel market

Wednesday, April 2, 2025

Türkiye's rebar exports increased by 18.4% in February

Wednesday, April 2, 2025

Uncertainty over US-China trade forces market participants to act cautiously

Wednesday, April 2, 2025

Fagersta Stainless increases production capacity with Danieli technologies

Wednesday, April 2, 2025

ERDEMİR published its integrated annual report for 2024

Wednesday, April 2, 2025
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now