Brazil — Historical Events Description

Brazil flag
Brazil
Event
Creation of the National Steel Company Approved
Category
Economic
Date
1941-01-08
Country
Brazil
Description

On January 8, 1941, Brazil approved the creation of the National Steel Company. The project aimed to boost industrial independence. Steel production supported wartime and civilian needs. It marked a shift toward industrialization. The company became a cornerstone of heavy industry. The decision reduced reliance on imports.