South Korea's Posco Engineering & Construction (E&C) signed a contract
worth a reported $4.3 billion to construct a steel mill for Companhia
Siderurgica do Pecem (CSP) in Brazil's Ceara state. Posco E&C will be
responsible for engineering, equipment supply, construction and commissioning.
The integrated steel plant, which will have an annual capacity of approximately
3 million metric tons of steel slabs, is scheduled to be completed by 2015. CSP
is a joint venture between Brazil's Vale (50%), South Korea's Dongkuk Steel Mill
(30%) and Posco (20%). The mill's production will mostly be supplied to Dongkuk