Brazilian Steel Mill

Lee Deuk-hee, managing director of POSCO E&C (left) receives Letter of Award from Alberto Cunha, president of CSS, at a LOA signing ceremony for the CSS project, held at POSCO’s Songdo office on November 25.
Lee Deuk-hee, managing director of POSCO E&C (left) receives Letter of Award from Alberto Cunha, president of CSS, at a LOA signing ceremony for the CSS project, held at POSCO’s Songdo office on November 25.

 

POSCO Engineering & Construction (POSCO E&C) announced on November 26 that it signed a US$600 million (630 billion won) of contract for a steel mill project with Brazil-based Companhia Siderúrgica Suape (CSS) in its Songdo office in Incheon on November 25.

The project is aimed at building an integrated steel plant with an annual output of 200,000 tons of hot-rolled steel plates and 600,000 tons of cold-rolled steel plates. It involves the construction and installation of hot and cold rolling mills and auxiliary facilities.

By winning the first stage project of the CSP steel plant complex worth US$4.3 billion in 2011 and the recent project to build steel rolling mills, POSCO E&C proved in Brazil that the company is able to accomplish a turn-key project in which all the activities from engineering to procurement, construction, and testing are performed by the same firm.

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