December 02, 2008

CSP project to include steel mill in Maranhão

BNamericas reported that a steel mill to be built at an investment of some BRL 150 million to BRL 200 million at Açailândia city in Brazil's northeastern Maranhão state will provide billets to the 400,000 tonnes per year to CSP long steel project to be located at Goiás state in Brazil.

Mr Gustavo Bcheche project coordinator of CSO told Bnamericas “Under the plan, the billets would feed the CSP rolling facility in Goiás to produce long rolled products. Investments in the whole project are expected to total some BRL 400 million.”

CSP is a joint venture between Brazilian groups Ferroeste with 40% stake, Sidepar with (40% and Toctao with 20%. Output from the project is earmark for the domestic market. CSP is expected to start operations mid 2009.