Posted on 01 Dec 2009
Construction of Chinese steelmaker Wuhan Iron and Steel's (Wisco) 5Mt/y steel mill JV at the A?u "super port" in Rio de Janeiro is slated to start in July 2010, LLX Logística investor relations officer Otavio Lazcano told reporters Monday.
Lazcano said the plant will produce heavy plates but it could make other products too. Initial investment is estimated at US$5bn, according to news service Agência Estado.
The parties will request financing from the China Development Bank and
The mill is a 70:30 JV between Wisco and the EBX group, which controls LLX and MMX.
