8,026.27 TL BIST 100 BIST 100
28.93 $ USD USD
€31.46 EUR EUR
613.00 TL Interest Interest
78.38 $ Fossil Oil Fossil Oil
25.47 $ Silver Silver
3.88 $ Copper Copper
130.49 $ Iron Ore Iron Ore
375.00 $ Ship Dismantling Ship Dismantling
1,939.91 TL Gold (gr) Gold (gr)

Brazilian steelmaker CSN will not bid to buy US Steel

Brazilian steelmaker CSN is diversifying its US business with smaller acquisitions, focusing on maintaining high demand for Brazilian raw materials and avoiding China's ore exports.

Brazilian steelmaker CSN will not bid to buy US Steel

Brazilian steelmaker CSN is considering expanding its operations in the North American market, but will not bid to acquire US Steel. Executive chief Benjamin Steinbruch stated that the company is not interested in the US Steel market and is focused on diversifying its business in the US with smaller acquisitions.

The company's steel exports to the US are currently limited by its Volta Redonda plant capacity and measures adopted by former President Donald Trump's administration in 2018. Steinbruch emphasized the importance of maintaining high demand for Brazilian raw materials in the Asian market and avoiding selling ore to China to become the main steel exporter for Brazil. He also emphasized the need for the Brazilian government to take urgent measures to protect the steel industry.


No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

The rate of rent increase for workplaces is determined

Monday, December 4, 2023

30 billion dollars of trade between Turkiye and Saudi Arabia!

Monday, December 4, 2023

Arvedi Group prepares to outsource its operations in Türkiye to a local company

Monday, December 4, 2023

A ferroalloy production plant will be built in Kazakhstan in 2025

Monday, December 4, 2023

TUIK announces November inflation rate

Monday, December 4, 2023
Follow List
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.

There are no news categories you follow
Edit Notification Preferences

Global Iron and Steel Exchanges

Iron and Steel Indices, Price and News

E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now