29
Apr
01:00
CSP raises $3 billion to complete construction
Brazil’s Companhia Siderurgica do Pecem (CSP) has secured $3 billion in loans from Brazil’s development bank BNDES, according to South Korean minority shareholder Dongkuk Steel. The funds could be enough to see the delayed project through to completion, with first slab production scheduled for December, Kallanish notes.
The 3 million tonnes/year slab project is 50% owned by Brazilian miner Vale, 30% by Dongkuk and 20% by South Korea’s Posco…
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Anonymous
Very good overview of the weekly steel market.
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