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CSN to enhance its pre-painted steel production

Gangya Metal589 people have read

Brazilian steel and also iron ore manufacturer CSN is investing an approximated BRL 400 million ($ 77.8 million) to increase its line of pre-painted products.According to CSN director Luiz Fernando Martinez, as estimated by the local paper Valiance Econômico, the firm has actually already obtained a pre-painting line with 160,000 mt of annual capacity coming from Hyundai Steel that was idled since September 2020. The line is currently being dismantled and will certainly be shipped this month to Brazil, with the expectation of starting operations within the next 18 months.CSN currently produces pre-painted items based on its own production of zinc-coated sheet, with a yearly capability of 120,000 mt. Martinez mentioned that the brand-new line will change Brazilian imports that have actually reached 165,000 mt in 2021. Throughout the first nine months of 2022, Brazil imported 125,000 mt of pre-painted steel products, of which 118,400 mt from China at $1,247/ mt, FOB conditions.USD = BRL 5.14

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