Posted on 16 Dec 2011
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.
