CVRD and ThyssenKrupp apply to BNDES for a loan
Brazilian mining giant Companhia
Vale do Rio Doce (CVRD) and German steel producer ThyssenKrupp have reportedly applied to
Brazil's National Development Bank BNDES for a loan to build a steel plant in Sepetiba in Rio de Janeiro state.
Regarding the subject, BNDES officials announced that they received a loan request for a steel plant but did not comment on the applicants' names and the value of the loan. It is estimated that the project is worth $1 billion.