CSN Mineração, the iron ore division of Brazilian conglomerate CSN, plans to accelerate its capital expenditures, investing between 2 billion and 2.5 billion reais in 2025, with a gradual increase until 2027.

The focus is on advancing the Itabirito P15 project, expected to commence production in the first quarter of 2027 and add 15 million tons to the annual iron ore production of the company. 

Meanwhile, the company will improve its iron content from 58% to 65% by 2028 to meet higher demand and prices in Asia. The company also plans significant investments in the Tecar terminal at Itaguaí port.