It was created as a state-owned company in April 9, 1941, during the "Estado Novo", by Brazilian president, Getulio Vargas, after an agreement between the American and the Brazilian governments (the Washington Accords) for the construction of a facility that would provide steel for the Allies during the Second World War and later be an aid for Brazil's development. It began its operations in 1946, under Eurico Gaspar Dutra's presidency.
CSN was a Brazilian corporation incorporated in 1941 pursuant to a decree of Brazilian President Getúlio Vargas. The Presidente Vargas Steelworks, located at Volta Redonda, in Rio de Janeiro State, started production in 1946. It initially produced coke, pig iron castings and long products. Two major expansions were undertaken at the Presidente Vargas Steelworks during the 1970s. The first, completed in 1974, increased installed annual production capacity to 1.6 million tons of crude steel. The second, completed in 1977, raised capacity to 2.4 million tons of crude steel.
Companhia Siderúrgica Nacional (CSN) NYSE: SID is the second major steel-maker company in Brazil.[1] Its main plant is located in the city of Volta Redonda, in the state of Rio de Janeiro. Its current CEO is Benjamin Steinbruch.[citation needed]
Companhia Siderúrgica Nacional is the largest fully-integrated steel producer in Brazil and one of the largest in South America in terms of crude steel production. CSN’s Chief Executive Officer is Benjamin Steinbruch. Its annual crude steel capacity and rolled product capacity are 5.6 million and 5.1 million tons, respectively. It produces a broad line of steel products, including slabs, hot- and cold-rolled, galvanized and tin mill products. Its products are used by the distribution, packaging, automotive, home appliance and construction industries.
CSN accounted for approximately 49% of the galvanized steel products sold in Brazil. In 2004, it accounted for approximately 98% of the tin mill products sold in Brazil. It is one of the world’s leading producers of tin mill products. CSN is also unique in owning its own source of iron ore.
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