Global Trade Alert
Global Trade Alert

Brazil: BNDES and Companhia Siderúrgica Nacional sign loans worth BRL 1.1 billion to modernise plants in Volta Redonda

Announcement

29 Dec 2025

In December 2025, the National Bank for Economic and Social Development of Brazil (BNDES in Portuguese) approved a loan with Companhia Siderúrgica Nacional.

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Number of interventions

4

4 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

29 Dec 2025

Revocation date:

No revocation date

Updated: 29 Dec 2025
Local content incentive In force

Recent update from 29 Dec 2025:

The BNDES Finem line credit line is subject to local content incentives. As such, so is the BRL 625.8 million (USD 112.2 million) loan to Companhia Siderúrgica Nacional, granted on 29 December 2025...

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Updated: 29 Dec 2025
State loan In force

Recent update from 29 Dec 2025:

On 29 December 2025, the National Bank for Economic and Social Development of Brazil (BNDES in Portuguese) and Companhia Siderúrgica Nacional signed a BRL 625.8 million (USD 112.2 million) loan. Th...

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Updated: 29 Dec 2025
Local content incentive In force

Recent update from 29 Dec 2025:

The BNDES Mais Inovação program credit line is subject to local content incentives. As such, so is the BRL 500 million (USD 89.7 million) loan to Companhia Siderúrgica Nacional, granted on 29 Decem...

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Updated: 29 Dec 2025
State loan In force

Recent update from 29 Dec 2025:

On 29 December 2025, the National Bank for Economic and Social Development of Brazil (BNDES in Portuguese) and Companhia Siderúrgica Nacional signed a BRL 500 million (USD 89.7 million) loan. The l...

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