Brazil’s CSN Mineração to benefit from high Fe content iron ore

Tuesday, 12 April 2022 19:23:06 (GMT+3)   |   Sao Paulo
       

Analysts at BB said CSN Mineração, the iron ore business of Brazilian steelmaker Companhia Siderurgica Nacional (CSN), should benefit from high Fe content iron ore, adding that CSN Mineração’s iron ore should reach a Fe content of 67 percent.

The market’s benchmark is a 62 percent Fe content product. Analysts at BB said buyers are willing to pay premiums over the market’s standard iron ore, which would benefit CSN Mineração.

BB analysts said the higher quality iron ore produced by CSN Mineração is due to the company’s recent expansion projects, as anticipated by SteelOrbis.

BB analysts said CSN Mineração is also in a good position to benefit from a growing demand for high quality iron ore, as the global steel industry moves toward a decarbonization.


Similar articles

Iron ore prices drop by over $9//mt week on week, mood remains bad

28 Mar | Scrap & Raw Materials

Goa government to ease policy for liquidating iron ore dumps lying on private land

28 Mar | Steel News

Major steel and raw material futures prices in China - March 28, 2024

28 Mar | Longs and Billet

CISA: Coking coal purchase cost in China down 9.86% in Jan-Feb

28 Mar | Steel News

Brazilian high-grade iron ore price declines sharply in two days

27 Mar | Scrap & Raw Materials

Daily iron ore prices CFR China - March 27, 2024

27 Mar | Scrap & Raw Materials

India’s JSPL takes operational charge of iron ore complex in Venezuela

27 Mar | Steel News

Major steel and raw material futures prices in China - March 27, 2024

27 Mar | Longs and Billet

Vale selected to begin award negotiations for US briquette plant

26 Mar | Steel News

Daily iron ore prices CFR China - March 26, 2024

26 Mar | Scrap & Raw Materials