Chinese investors eye iron ore terminal at Brazil’s Port of Suape

Monday, 01 October 2018 00:45:05 (GMT+3)   |   Sao Paulo
       

Chinese investors are reportedly eyeing an iron ore terminal at Brazil’s state-run Port of Suape, a media report by Folha PE said this week. Port representatives and Chinese investors, including banks, energy and infrastructure companies, met to discuss business opportunities in the Suape region.

China Communications Construction Company (CCCC) would reportedly invest in railroads in Brazil and could be interested in using the Port of Suape to export the iron ore transported through the railroads.

CCCC has been said to be interested in buying an undisclosed stake at CSN-owned railroad Transnordestina, which is expected to reach 1,073 miles.

The media report said CCCC would analyze the Port of Suape opportunity, but did not clarify if Chinese investors would only use the proposed iron ore terminal or would actually become shareholders at Port of Suape.


Similar articles

Net profit declines sharply at Aço Verde Brasil

28 Mar | Steel News

Ex-Brazil BPI exporters achieve slight rise in latest deals to US amid better scrap sentiment

28 Mar | Scrap & Raw Materials

Brazilian high-grade iron ore price declines sharply in two days

27 Mar | Scrap & Raw Materials

Vale selected to begin award negotiations for US briquette plant

26 Mar | Steel News

Prices stable for Brazilian slab export deals

26 Mar | Flats and Slab

Brazilian high-grade iron ore price stable from last week

25 Mar | Scrap & Raw Materials

CRC import price offers stable in Brazil

25 Mar | Flats and Slab

Price gap between low and high-phosphorus Brazilian BPI narrows in last deals

25 Mar | Scrap & Raw Materials

Brazilian crude steel production increases in February

22 Mar | Steel News

Vale and Samarco subject to lawsuit in the Netherlands

20 Mar | Steel News