Brazil’s CSN unveils plans to expand in the US, Portugal

Brazilian steel producer Companhia Siderúrgica Nacional (CSN) has announced plans to increase its assets in foreign countries, including a steelmaking unit in the United States and an expansion in Portugal.

CSN is planning to build a long steel unit in the US, with investments estimated around $350 million. The company did not disclose capacity or location of the new unit but said studies will be concluded for the greenfield project in the first quarter of next year.
“We have defined site location, investments and suppliers [to the project],” commercial executive director Luis Fernando Martinez said on Wednesday December 8. “We want to benefit from the growth in the US infrastructure sector."

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Published

Felipe Peroni

December 08, 2021

22:15 GMT

São Paulo