Brazil - Latest news GMK Center

Supplies in excess of quotas will be subject to a 25% duty

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