On May 29, Brazilian steelmaker Companhia Siderurgica Nacional (CSN) announced that it has decided to temporarily halt its blast furnace No. 2 which has a 1.5 million mt per year crude steel production capacity at its Usina Presidente Vargas (UPV) unit, in order to adjust its production amid lower demand. How long the stoppage will last was not disclosed.
The company said that it continues to operate its other subsidiaries in Brazil, Germany and Portugal as usual.
CSN stated that it will keep the public informed of the latest developments regarding its operations.