Brazil's CSN To Start Up Long Steel Unit In 2011 - Estado
The $350 million plant will be built alongside CSN's Volta Redonda steel mill in the highland valley connecting Rio de Janeiro with Sao Paulo city.
The new unit will produce 600,000 metric tons a year of construction steel, said CSN commercial director Luiz Fernando Martinez.
The project was originally expected to start up in 2009.
Martinez said there was no definite timetable to add a fourth blast furnace to the Volta Redonda mill, which currently produces 5.6 million tons of crude steel a year.
However, Martinez said CSN would invest around $58 million in increasing capacity at its Galvasud unit in nearby Porto Real. Galvasud will raise output of pre-painted blanks for the auto industry to 12,000 tons a year from the present 4,000 tons.
Porto Real is home to the PSA Citroen auto plant.
-By John Kolodziejski, Dow Jones Newswires; 55-21-2586-6086; John.Kolodziejski@dowjones.com
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Publié le 04 novembre 2009 Copyright © 2009 Dowjones
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