Brazilian coil processor Steel Warehouse Cisa has commenced activities at its facility in the city of Paulinia, in the state of Sao Paulo, according to a media report on Friday.
The facility has a 200,000 mt/year capacity and received a BRL 200 million ($56.1 million) investment.
Steel Warehouse Cisa expects to meet the demand of both the domestic and export markets. The company is a JV between Brazil’s trading company Cisa Trading and US-based Steel Warehouse.