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18 May
11:41

CSN to halt blast furnace, raise flats' prices

Weak Brazilian steel demand and inventory build-up could force Companhia Siderúrgica Nacional (CSN) to temporarily halt the operation of blast furnace no.2 at its Volta Redonda plant. The company indicated this during its first-quarter earnings conference call with analysts monitored by Kallanish. CSN will evaluate the possibility during the next two months, CSN`s ceo Benjamin Steinbruch says. “This is a technical and strategi…
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