Brazilian CSN announced the rise in price of metal rolling by 8%

The largest Brazilian metallurgical company CSN (Companhia Siderórgica Nacional) sent information letters to its distributors in which she warned about rising prices for metal rolling from 6 to 8%. It is reported by Steel Orbis.

This increase will become the second consecutive from the beginning of this year. Moreover, the explanation for this remains old - the growth of costs in the production of steel and metal products. Although, as we know, the growth of world prices for iron ore raw materials is far -fetched and temporary, after which they risk collapsing almost twice.

Nevertheless, Brazilian cold -rolled steel will now cost 7% more, and galvanizing from the country "where many wild monkeys" will rise in price by 8%. In addition, the cost of quality steel will increase.

Local traders explain the upcoming increase in metal prices by a policy carried out by the USMINAS company, which recently announced to increase the prices of metal products.

Help

Companhia Siderurgica Nacional (CSN) is the second largest metallurgical metallurgical plant in Brazil. The main capacities of the company are located in the city of Volta Redonda, in the state of Rio de Janeiro. General Director Benjamin Steinbruch.

CSNL is the largest fully integrated manufacturer in Brazil and one of the largest companies in South America in terms of steel production.

The annual capacity of raw steel and rental in CSN is 5 million 600 thousand tons and 5 million 1 thousand tons, respectively. In the assortment of products of the Brazilian commander, there are slabs, a hot -rolled and cold -rolled sheet, a galvanized sheet and roll.

CSN accounts for approximately 49% of galvanized steel products that are sold in Brazil.

CSN owns the richest iron ore deposits in Brazil.