Brazilian steelmaker Companhia Siderurgica Nacional (CSN) has announced its sales and production projections for the coming years.
Accordingly, the company expects its production volume and purchases of third-party iron ore to be in the range of 42-43.5 million mt in 2024, at 42 million mt in 2025, 44 million mt in 2026, 53 million mt in 2027 and 68 million mt in 2028.
The company may record capital expenditure of BRL 7.9 billion in the years 2023-28, thanks to the modernization of its industrial park with the potential to create up to BRL 2.8 billion of EBITDA. Also, the company’s mining cash cost is expected to be between $21.5/mt and $23.0/mt in 2024. On the other hand, the Itabirito P15 Plant project could potentially reach BRL 4.0 billion of EBITDA after the operations mature in 2028.
The company’s consolidated capex projection is BRL 6.0 billion for 2024 and in the range of BRL 6.0 - BRL 7.0 billion for the 2025-2028 period.
CSN maintains its expectations regarding mining expansion capex at approximately BRL 13.8 billion in the period of 2023-2027, in relation to phase 1 of the capacity addition project.