CSN plans to invest in new capacity, Brazil

Brazilian steel major Companhia Siderúrgica Nacional (CSN) plans to invest BRL1bn (US$491m) to set up four cement facilities in the state of Minas Gerais which would increase the company's capacity from 2.4Mta to 5.4Mta.

Currently the company plans to set up three integrated cement plants and a second clinker unit, adding to its one at Arcos which began operations in May 2011. The new plant is to have a capacity of 6500tpd, according to reports by Brasil Economico.