<p>Vale, Posco & Dongkuk owned Brazilian slab producer Companhia Siderurgica do Pecem is reportedly considering installing a new rolling mill aimed at flat steel products. Diário do Nordeste reported that “New plant would meet the growing demand for the product, as the Russian invasion of Ukraine has limited flat steel supplies in the global market. But CSP is yet to take a decision on whether it will actually install the new equipment, but the possibilities are big. The decision could be announced this or next year.”</p><p>Companhia Siderúrgica do Pecém produced 2.8 million tonnes of steel in 2021.</p><p>Founded in 2008, Companhia Siderúrgica do Pecém is a bi-national joint venture between Brazilian Vale (50% shares), one of the world’s largest iron ore mining companies, and South Koreans Dongkuk (30%), the world’s largest steel slabs buyer, and Posco (20%), the world’s fourth largest steel company and the largest in Korea. With an investment of USD 5.4 billion, CSP is the first integrated steel mill of the Northeast, and the 30th in Brazil. Established over an area of 571 hectares, CSP is part of the Industrial and Port Complex of Pecém in Ceará, inside Brazil’s first Export Processing Zone. These factors are crucial to ensure national products remain highly competitive. The mill, one of the most advanced in Brazil and worldwide, started producing steel slabs in June 2016. Production is focused on high quality rolled steel products for the naval, oil & gas, automotive, and construction industries. This first stage of the project has an installed capacity of 3 million tonnes of steel slabs pe year.</p>
<p>Vale, Posco & Dongkuk owned Brazilian slab producer Companhia Siderurgica do Pecem is reportedly considering installing a new rolling mill aimed at flat steel products. Diário do Nordeste reported that “New plant would meet the growing demand for the product, as the Russian invasion of Ukraine has limited flat steel supplies in the global market. But CSP is yet to take a decision on whether it will actually install the new equipment, but the possibilities are big. The decision could be announced this or next year.”</p><p>Companhia Siderúrgica do Pecém produced 2.8 million tonnes of steel in 2021.</p><p>Founded in 2008, Companhia Siderúrgica do Pecém is a bi-national joint venture between Brazilian Vale (50% shares), one of the world’s largest iron ore mining companies, and South Koreans Dongkuk (30%), the world’s largest steel slabs buyer, and Posco (20%), the world’s fourth largest steel company and the largest in Korea. With an investment of USD 5.4 billion, CSP is the first integrated steel mill of the Northeast, and the 30th in Brazil. Established over an area of 571 hectares, CSP is part of the Industrial and Port Complex of Pecém in Ceará, inside Brazil’s first Export Processing Zone. These factors are crucial to ensure national products remain highly competitive. The mill, one of the most advanced in Brazil and worldwide, started producing steel slabs in June 2016. Production is focused on high quality rolled steel products for the naval, oil & gas, automotive, and construction industries. This first stage of the project has an installed capacity of 3 million tonnes of steel slabs pe year.</p>
