South Korea’s Posco Engineering and Construction said on Friday December 16th they would sign the deal to build a steel mill in Pecem some 57 km north from Fortaleza in Brazil.
The steel mill will have an annual capacity of three million tonnes and will be completed by 2015.
Posco said in a statement the contract is the biggest deal won by a Korean company for a single steel plant. The mill “is a mega project in all aspects and it will be recorded as a significant deal in Korea’s construction history”, Posco Engineering and Construction chief Chung Dong-Hwa was quoted as saying.
Fortaleza Real Estate has the pleasure of organizing housing for some of Posco Engineering and Construction workers in Fortaleza.
