Thursday, November 28th, 2013
SEOUL, KOREA - POSCO Engineering & Construction said on November 26 that it signed a US$600-million deal for a steel mill project with Brazil-based Companhia Siderurgica Suape. The signing ceremony was held on the 25th in its Songdo office in Incheon, with CSS president Alberto Cunha, as well as POSCO E&C vice chairman Chung Dong-hwa and president Kim Sung-gwan in attendance.
The project calls for building an integrated steel plant with an annual capacity 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.
Chung Dong-hwa, POSCO E&C vice chairman, said, "By successfully completing the project, we will make sure we can win the follow-up projects with CSS." Since its first entry in the Latin American construction market in 2007 with power plant projects in Chile and Peru, POSCO E&C has established itself as a builder in all processes of steel mills from upstream to downstream.