New ruling allows Brazil's CSP to increase domestic slab sales

July 17, 2021 / www.metalbulletin.com / Article Link

A new Brazilian regulation means that steel slab producer Companhia Sider??rgica do Pec?(C)m (CSP) can increase sales of steel to the Brazilian domestic market, according to a ruling published on Thursday July 15.

CSP, a joint venture between Vale (50%), Dongkuk (30%) and Posco (20%), is located in an export processing zone in Brazil's northeastern state of Cear??. As a result, it benefits from certain tax exemptions when selling to the export market, but its sales to the Brazilian domestic market have been limited to 20% of its gross revenues.

The new ruling removes this limitation, thus allowing the company to...

Recent News

Investment banks ahead of the gold price, institutions still behind

April 21, 2025 / www.canadianminingreport.com

Gold stocks up, juniors outperform on small cap strength

April 21, 2025 / www.canadianminingreport.com

Gold stocks rebound to new highs

April 14, 2025 / www.canadianminingreport.com

US$ and bonds not the safe havens normally expected

April 14, 2025 / www.canadianminingreport.com

Crash driven by tech and highly cyclical sectors

April 07, 2025 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok