CSA to reach max capacity early 2013,steel production in Brazil recovers
Last Update: 26/04/2012 10:28:56
Brazilian slab venture Companhia Siderúrgica do Atlântico (CSA) expects to achieve its full capacity goal of 5m tonnes/year in the first half of 2013, Platts Steel Business Briefing learns from new ceo Jorge Oliveira. Increased output will be powered by a new coke battery, the last of three to be activated. "With three batteries running, the coke plant will produce 1.8m t of coke, reducing to almost zero the mill's dependence on imports," Oliveira explained, adding that output now stands at 4m t/y of slabs. The executive also said the crisis in developed countries has not hindered the process of increasing production at the steel complex in Rio de Janeiro state. Contrary to market rumors, CSA did not shut down either of its two blast furnaces or cut production. He also dismissed speculation CSA could be sold. Oliveira took command of the company in January, replacing German Herbert Eichelkraut, having previosuly worked at ArcelorMittal Tubarão for 25 years, where he headed the steelmaking and rolling sectors. CSA, which is controlled by German group ThyssenKrupp in partnership with Brazilian miner Vale, has involved total investment of R$12bn (US$6.5bn). March output for Brazilian crude and rolled steel products increased by 15% over the month prior to 3.1m tonnes and 2.3m t, respectively, data released by the national steel institute IABr revealed Wednesday. On a year-ago basis, crude steel output grew 2.2% last month and rolled products 3.4%. IABr added that production for the first three months of the year totaled 8.6m t of crude steel and 5.1m t of rolled products. According to the Rio de Janeiro-based group, shipments to the domestic market grew almost 12% in March to 1.9m t, versus February, in line with the same period of 2011. However, exports of 749,400 t, worth US$528m, were down 24% and 14% on a month-on-month and year-on-year basis, respectively. Steel imports totaled 338,400 t, up 6% on previous the month, IABr added, while Q1 imports jumped 15% y-o-y to 996,200 t. Brazil’s apparent steel consumption grew 8.7% y-o-y in March to 2.4m t, taking the total for the year-to-date to 6.4m t, up 4.8% on Q1 2011.
world - OECD: Steel trade cases filed in 2013 the most since 1999 World - Worldsteel: Pig iron production rose 5.8% last year Russia - Russian Steel members increased output in 2013 Russia - Evraz output grows marginally, despite stoppages China - Chinese analysts divided on outlook for 2014 STEELWORLD - Indo – Arab Steel Summit / 3rd March, 2014 / Sheraton Deira Hotel, Dubai China - China pledges to 'gradually ease' its steel overcapacity Turkey - Offer from SteelOrbis EU - Irepas talks up long product prospects for 2014 Qatar - Qatar tops ranking of steel use per person
Brazil - CSA to reach max capacity early 2013,steel production in Brazil recovers