Baosteel and CVRD consider to construct slab mill
Chinese Shanghai based steel maker
Baosteel and Brazilian
iron ore producer Companhia
Vale do Rio Doce SA (CVRD) are considering to construct a
slab mill in northeast
Brazil, probably near Ponta da Maderia port in Maranhao. According to reports, feasibility studies in this respect are carried out.
Currently, two companies are in talk of deciding the plant's capacity. The foreseen annual capacity could exceed 3.5 million tons.
The
iron ore will be supplied from CVRD's
iron ore mine in Carajas northern
Brazil while the slabs will be exported by
Baosteel.
Baosteel and CVRD also have a partnership in Baovale mining company. This company provides
iron ore to
Baosteel from CVRD's southern mining system in
Brazil.