CSN to sell its US plant in case S201 safeguards remain in effect

CSN to sell its US plant in case S201 safeguards remain in effect

Sources report that, Brazilian steel producer Companhia Siderúrgica Nacional (CSN) announced that it will probably sell its CSN LLC mill, formerly Heartland Steel, in US on the condition that S201 safeguard measures are not suspended. The company officials added that CSN LLC may be transferred to another country for the sake of increasing profits. The company is already in negotiations to sell its cold rolling plant at Terre Haute, Indiana due to high import tariffs implemented on Brazilian producers. CSN officials stated that the company suffers seriously from anti-dumping duty of 42%.