Brazilian steelmaker Companhia Siderurgica Nacional (CSN) expects to export 31 million mt of iron ore in 2016, the company said in a conference call with analysts this week.
According to the company’s mining director, Daniel dos Santos, CSN should produce 30 million mt of the commodity in 2016, from which 5 million mt will supply its mill located in the city of Volta Redonda, in the state of Rio de Janeiro.
The remaining 25 million mt, plus another additional 6 million mt of the commodity CSN plans to purchase from third party companies, will account for the projected 31 million mt of iron ore the Brazilian steelmaker expects to export in 2016. CSN produced 28 million mt of iron ore in 2015.
During its quarterly conference call with analysts, CSN said current CVD imposed by the US are affecting the company, “especially in the case of the hot rolled that we sell [by sending it] to our company in the US.”
“We are defending ourselves. This is a process that is still going on. And what we want at least for those products that we send to the US to be processed, that we have some kind of waiver or differentiation in our treatment,” a company’s executive commented, adding the company is currently focusing “all our exports to the US in coated products.”