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 21/05/2013

        
 
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 Thirty Years of Working With Seel
 Posco E&C eyes Sept start for building Brazilian slab plant
 Last Update:     21/12/2011 10:10:00
 Korea’s Posco Engineering & Construction (Posco E&C) says it expects to start building the 3m tonnes/year slab plant in Brazil from September 2012 at the earliest. The Korean firm was expecting to contract for the $4.34bn deal with slab-making joint venture, Companhia Siderúrgica do Pecém (CSP), on Friday (local time) in Rio de Janeiro.
“Our plan for starting construction for (the integrated mill) is tentatively September next year,” a Posco E&C spokesman tells Steel Business Briefing. The builder is prime contractor for the project, responsible for engineering, procurement and construction.
Posco E&C received the massive order from CSP because it alone among contractors worldwide is capable of managing an entire steelmaking construction project, it claims in a statement. Korean steel giant Posco owns 89% of Posco E&C.
Since 2009 the CSP jv’s two major shareholders, Vale (50%) and Dongkuk Steel Mill (30%), had been actively requesting Posco E&C that it join the project. This led to the builder undertaking a feasiblity study during last year. Posco is taking 20% of the slab making joint venture.
Posco E&C says it is also confident of its chances of securing an order for CSP’s second 3m t/y phase after the first phase’s completion, expected by mid-2015.
Dongkuk recently confirmed its investment of KRW 825.6bn ($714m) in the slab jv, signalling that all negotiations with Vale and Posco had been concluded, as SBB reported.

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Algeria - ArcelorMittal continues talks to increase Algerian capacity
World  - World Steel sees iron ore surplus growing up to 2017
Russia - Russian firm plans to build billet & rebar mill by 2015-16
Turkey - Turkish billet and slab output down in Jan-Feb
Russia - Russia's Severstal to expand CR product capacities
CIS - ArcelorMittal expects 4.2% annual growth until 2018 in CIS
Russia - Russia's Severstal to expand CR product capacities
Saudi Arabia - Rajhi Steel mulls new billet plant
Saudi Arabia - Qatar Steel enters DRI supply agreement with Saudi mill
Russia - New capacity seen capping Russia rebar price

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Posco
china - Posco targets 9m t/y flats capacity abroad by 2014
Brazil - Posco E&C eyes Sept start for building Brazilian slab plant
china - Posco to produce 3.2m t stainless this year
Brazil - Korea's Posco confirms 20% stake in Brazilian slab project
India - POSCO to build the Gwangyang steelworks No 4 HR mill in India
South Korea - Posco aims to double steel output to 60mt
South Korea - POSCO wants to buy Asian steel maker
Korea - Mittal Steel to Move In Next Door to POSCO

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Brazil
CSA to reach max capacity early 2013,steel production in Brazil recovers
Analysts see 5% growth in Brazilian steel output
Posco E&C eyes Sept start for building Brazilian slab plant
Brazilian flats producers offering '4-10% discounts'
Brazil to double iron ore royalties to 4%; pellet seen at 2%
Vale sees full output in 2012 on Chinese ore demand
Vale raises coking coal production in Q2
ArcelorMittal Brazil rules out rail production
Korea's Posco confirms 20% stake in Brazilian slab project
Samarco: Iron ore pellet premiums at $40-45 per tonne.

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Steel Industry
Algeria - ArcelorMittal continues talks to increase Algerian capacity
World  - World Steel sees iron ore surplus growing up to 2017
Russia - Russian firm plans to build billet & rebar mill by 2015-16
Turkey - Turkish billet and slab output down in Jan-Feb
Russia - Russia's Severstal to expand CR product capacities
CIS - ArcelorMittal expects 4.2% annual growth until 2018 in CIS
Russia - Russia's Severstal to expand CR product capacities
Saudi Arabia - Rajhi Steel mulls new billet plant
Saudi Arabia - Qatar Steel enters DRI supply agreement with Saudi mill
Russia - New capacity seen capping Russia rebar price
 

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