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| ThyssenKrupp to build Brazilian steel mill The Supervisory Board of ThyssenKrupp AG approved the project to build a steel mill in Sepetiba in the Brazilian state of Rio de Janeiro. The plant, which will be operated by CSA Companhia Siderùrgica do Atlantico, is scheduled to start production in early 2009. The investment budget of US$2.4 billion for the modified Brazilian steel mill project was approved by the Supervisory Board. As planned, the world's biggest iron ore supplier CVRD will take a 10% stake in CSA Companhia Siderùrgica do Atlantico. write your comments about the article :: © 2006 Construction News :: home page |