Brazil

The deal is estimated at $540 million. Previously, the company owned 55% of shares in Aliança Geração de Energia

The project includes the construction of a new mining furnace

The iron ore segment will account for $17 billion of the total amount

Steel products have already been manufactured and delivered to two customers

In 2023, the company produced 3 million tons of slabs

Export of scrap steel from the country has more than doubled in a year

Downtime at enterprises will last until December 2023

Arinos Solar Park will supply 30% of its energy output to the company's steel mills in Brazil

The decrease in the volume of steel production is associated with a large volume of imports of rolled steel into the country

The company demands the introduction of a 25% import duty on steel products from Russia and China

The industry is showing confidence despite adverse conditions

The industry demands an increase in the tax on steel imports from the current 9.6-12.8% to 25%