Brazilian CSN plans to build galvanizing plant in Sao Paulo
12 Jun 2019 15:55 reported by Margaret Yeh
Brazilian Companhia Siderúrgica Nacional (CSN) announced on June 6th that they would build its galvanizing production line in Sao Paulo with an investment of about 1.5 billion reais, which would have a production capacity of 350,000 tons per year.
The new galvanizing line would be located in the metallurgical industry area, but it was unclear where it would be in a certain city. The state investment body Investe São Paulo would do research to find a suitable place for the new plant.
CSN would deliver cold-rolled coil to the new plant in Sao Paulo.
Facing the tough situation of domestic prices, CSN was trying to reduce debts, so they signed an agreement with prepaid US$500 million on iron ore supply with Glencore.
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