China, which previously produced huge volumes of steel, puts a brake on production and export of the metallic alloy and CSN is looking at this moment to increase its internal and external sales

With a change in the direction of exports from China, the Brazilian company CSN may stand out in the market

The Chinese government, which for years had focused on producing gigantic 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 foreign market, opted by redirecting its planning priorities and will reduce steel production and exports.

See also:

• Petrobras announces the sale of the Araucária Nitrogenados (ANSA) fertilizer unit in the state of Paraná
• There are 5 interested in buying Petrobras refineries, informs state
• Solar energy is considered the cheapest renewable energy in the world
• Maritime company hiring Technician for offshore services
• Tim develops renewable energy project for the deployment of 4G sites in Bahia powered by solar energy

This decision could have consequences for iron ore exports. However, until now, the commodity remains high on the Dalian Stock Exchange, China.

According to the analysis of Bank of America professionals, the scenario tends to be more favorable for steel companies compared to mining companies. Companhia Siderúrgica Nacional (CSN), which operates in both segments, may suffer from a possible drop 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 foreign market.

Only when the trends are in fact materialized will it be possible to define whether the final result of the changes in China will increase or reduce CSN's profits. However, Bank of America continued recommending the purchase of the company's shares and increased its target price (the value that the asset is expected to reach) from R$ 37 to R$ 45. Last Wednesday, January 19 , the price of the steel company's shares was R$ 26,41 at 14:50 pm.

About Companhia Siderúrgica Nacional

Founded in April 1941, CSN was the first integrated flat steel producer in Brazil. Currently, the company operates in five sectors: steel, mining, logistics, cement and energy, being present in 18 Brazilian states and also in Portugal and Germany.  

Grupo Açotubo expands wellness and mental health care programs for all its employees

The White January campaign, which entered the health calendar in 2014, invites people to reflect on the importance of care and prevention of emotional illness, which already affects about 1 billion people, according to the Pan American Organization of Health (PAHO). In a recent study carried out by the Oswaldo Cruz Foundation (Fiocruz) and six other national universities, 40% of the Brazilian population had frequent feelings of sadness and depression, another 50% of the same population had constant anxiety and nervousness. In another WTW survey, stress is identified as the factor that most impacts the workforce (83%), followed by depression, anxiety (82%) and physical inactivity (69%). These data show the need to create a culture of mental health care among companies as well. Check out this article by clicking here.

Be the first to react!

0

Liked

0

Amei

0

Haha

0

Uau

0

Sad

0

grr