Brazil’s Companhia Siderúrgica do Pecém (CSP) will produce high-quality steel products to supply to both the domestic and North American automotive industry.
CSP has received approval from the International Automotive Task Force (IATF), and an ISO 9001 certification to produce high-quality steels, a company spokesperson told Davis Index without disclosing the volume that the firm will produce per year.
However, CSP has a steel plant with a production capacity of 3mn mt of steel slabs per year, with the equipment compliant with the high-tech steel production. The company now looks to gain traction in the high-grade steel market with these new certifications.
CSP exports steel plates to more than 10 countries and is located at the Port of Pecém Industrial Complex. Slab exports fell by 3.7pc to 1.57mn mt through January-July this year, compared with the prior-year period. Brazilian crude steel production, meanwhile, rose by 7.5pc to 2.6mn mt in September this year on an annual basis.