Posco bought 10 percent of the maintenance of the missile plant in Brazil

The steel South Korean giant Posco signed an agreement on the purchase for 1.9 billion of reais of a 10 percent share in the Brazilian metallurgical company Companhia Siderúrgica de Suape (CSS). It is known that this enterprise intends to begin the construction of a new rolling camp next year, which will be put into operation after 2 years. About. So today is reported by Ygeh.corp.

Posco said they would become a new CSS strategic partner, providing the latest technologies and equipment for the construction of a new rolling mill in Brazil. After starting into operation in 2016, the new CSS capacities will allow you to roll more than 800 thousand tons of hot rolled, cold -rolled and galvanized rolls. After the complete completion of the project, the missile plant will produce more than 1 million tons of these products.