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Brazilian CSP expected to receive investment from 3 shareholders-The 20th China (Guangzhou ) Int’l Casting product Exhibition
5/17/2019 - casting expo-Die-casting expo-foundry expo |
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Brazilian slab producer Companhia Siderúrgica do Pecém (CSP) was expected to receive the investment from Brazilian Vale, South Korean Dongkuk Steel and Posco.
CSP is a joint venture between Vale (50%), Dongkuk Steel (30%) and Posco (20%).
Dongkuk Steel, the third-largest steelmaker in South Korea, said it will spend US$150 million over the next three years, while Vale and Posco will determine the amount of investment based on shareholding percentage, totaling US$500 million.
Vale said it expected to invest US$250 million in CSP over the next three years, and CSP and Posco have not yet responded.
CSP has an annual production capacity of 3 million tons. Last year, CSP''s slab output reached around 2.9 million tons, and the total export volume was 2.95 million tons roughly.
铸件展-铸件采购会-国际铸件展-2019第二十届广州国际铸件展会-巨浪展览
-The 20th China (Guangzhou ) Int’l Casting product Exhibition
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