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With Change In The Direction Of China’s Exports, Brazilian CSN May Have Highlight In The Market
The Chinese government, which for years focused on producing massive volumes of steel, not only to meet the enormous domestic demand of the country, which has the largest population in the world, but also to maintain a strong position in the external market, opted to redirect its planning priorities and will reduce steel production and exports.
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This decision may have consequences for iron ore exports. However, so far, the commodity remains high on the Dalian exchange in China.
According to analysis by professionals at Bank of America, the scenario tends to be more favorable for steelmakers compared to miners. Companhia Siderúrgica Nacional (CSN), which operates in both segments, may suffer from a potential decline in its iron ore sales abroad. However, with China reducing exports, CSN may have new opportunities to sell steel, which has a higher added value, not only in the domestic market but also in the external market.
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Chinese giant worth nearly R$ 4 billion that manufactures cables for electric cars, solar energy, and robotics wants to open a factory in SC.
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Many employers do not know, but the law guarantees domestic workers a 25% increase in salary during trips, 50% for overtime, 20% for night shifts, and 17 additional benefits that can lead to labor lawsuits if not paid.
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Gasoline prices soar and the question arises: is ethanol more advantageous? The 70% rule reveals the limit with gasoline.
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The government has made a decision and is starting a test with more ethanol in gasoline, anticipating a mixture of up to 35%, diesel with 25% biodiesel, and a study to assess the impacts on engines.
Only when the trends are actually realized will it be possible to determine whether the final outcome of changes in China will expand or reduce CSN’s profits. Nevertheless, Bank of America continued to recommend buying the company’s shares and raised its target price (the expected value the asset will reach) from R$ 37 to R$ 45. Last Wednesday, January 19, the share price of the steelmaker was R$ 26.41 at 2:50 PM.
About Companhia Siderúrgica Nacional
Founded in April 1941, CSN was the first integrated producer of flat steel in Brazil. Currently, the company operates in five sectors: steelmaking, mining, logistics, cement, and energy, being present in 18 Brazilian states and also in Portugal and Germany.
Grupo Açotubo Expands Well-Being Programs And Mental Health Attention For All Its Employees
The Janeiro Branco campaign, which became part of the health calendar in 2014, invites people to reflect on the importance of care and prevention against emotional illness, which already affects about 1 billion people, according to the Pan American Health Organization (PAHO). In a recent study conducted by the Oswaldo Cruz Foundation (Fiocruz) and six other national universities, 40% of the Brazilian population reported frequent feelings of sadness and depression, while another 50% of the same population reported constant anxiety and nervousness. In another survey by WTW, stress was identified as the factor that most impacts the workforce (83%), followed by depression, anxiety (82%), and sedentary lifestyle (69%). These data highlight the need to create a culture of mental health care among companies as well. Check out this article by clicking here.
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