Korean steel giant to build plant in Maranhão

04/10/2004 - 21h32

São Luís - The future installation of a second steel mill in São Luís, capital of the state of Maranhão, Northeast region, has been confirmed by governor José Reinaldo Tavares. The Korean steelmaker, Pohang Steel Company (Posco), one of the world's largest, has signed a protocol. When operational, the new mill will produce 4 million tons of steel annually.

Posco presently produces over 35 million tons of steel annually.

The Posco project rollout follows the recent announcement of the construction of another steel mill at the São Luis industrial center by a Chinese company, Baosteel. According to governor Tavares, the two steel mills signed similar installation and production contracts.

Agência Brasil
Reporter: Silva Diniz
Translator: Allen Bennett
10/06/2004