China, Once Producing Gigantic Volumes of Steel, Slows Metal Alloy Production and Exports, While CSN Aims to Boost Its Domestic and International Sales

Written by Roberta Souza

Published on 21/01/2022 at 19:34

Foto: Reprodução Google Imagens

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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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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.

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China, Once Producing Gigantic Volumes of Steel, Slows Metal Alloy Production and Exports, While CSN Aims to Boost Its Domestic and International Sales

With Change In The Direction Of China’s Exports, Brazilian CSN May Have Highlight In The Market

Also See:

About Companhia Siderúrgica Nacional

Grupo Açotubo Expands Well-Being Programs And Mental Health Attention For All Its Employees

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China, Once Producing Gigantic Volumes of Steel, Slows Metal Alloy Production and Exports, While CSN Aims to Boost Its Domestic and International Sales

With Change In The Direction Of China’s Exports, Brazilian CSN May Have Highlight In The Market

Also See:

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