08
Mar
14:04
Vale agrees new steel mill project with Cevital
Algeria’s Cevital has signed a memorandum of understanding with Vale and the Brazilian state of Parà for the construction of a new steel mill in the country, Kallanish learns.
The plan involves a $2 billion investment for the construction of a steel mill with a capacity of 2.7 million tonnes/year in Maraba, South East Parà. The product mix will include coil, pig iron, billet, blooms and rails, the state government says.
Vale will make avai…
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Very good overview of the weekly steel market.
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