VENEZUELA September 27 2016 1:23 PM     

CARACAS (Scrap Register): As  a part of national scrap plan, around 1 million mt of ferrous scrap is expected  to receive by the Complejo Siderurgico Nacional (CSN), Venezuelaan steelmaker in  the coming months, Platts reported.

Venezuela has around 1 million mt of  ferrous scrap, it can be used to produce good quality rebar. Around 800,000 mt  of these scraps are already in the hands of the state. The main aim is to  convert ferrous scrap in around 300000mt of steel products.

CSN received  more than 17,000 firearms to transform into steel. In the past 13 years, more  than 423,000 firearms were transformed into steel. The CSN asked the government  to redirect Briquetera del Caroni hot-briquetted iron production to domestic  consumption instead of exports, as CSN would be able to increase its  production.

Roughly 50% of Venezuela's rebar market is supplied by Sidor,  35% by CSN and 15% by the private company Gerdau Sizuca. The former Sidetur, CSN  produces rebar, beams, profiles, sections, billet, mesh, trusses, bars, plates,  joist and wires at its various units.