POSCO Engineering & Construction (
POSCO E&C) announced Tuesday that it signed a US$600 million contract for a steel mill project with
Brazil-based Companhia Siderúrgica Suape (CSS) in its Songdo office in Incheon.
The project is aimed at building an integrated steel plant with an annual output of 200,000 tons of hot-rolled steel plates and 600,000 tons of cold-rolled steel plates, which will involve the construction and installation of hot and cold rolling mills and auxiliary facilities. The move follows the first stage project of the CSP steel plant complex worth US$4.3 billion in 2011 and the recent project to build steel rolling mills.