Friday December16, 2011
SEOUL Dec 16 (Reuters) - POSCO Engineering & Construction said on Friday it had won an order to build a $4.3 billion integrated steel mill in Brazil from a joint venture that includes Brazilian miner Vale.
The deal will be signed in Brazil on Friday, the South Korean builder said in a statement.
The unlisted affiliate of POSCO said it planned to build the plant with an annual production capcity of 3 million tonnes, in Pecem in Brazil's northeastern state of Ceara.The joint venture, Companhia Siderurgica do Pecem (CSP), also includes South Korean steelmakers Dongkuk Steel and POSCO, which hold a combined 50 percent stake.
Subscribe to:
Post Comments (Atom)
Posts
No comments:
Post a Comment