Brazil flats steelmaker Usiminas announced on Monday it closed a consideration contract with Salus Infraestrutura Portuaria to recover the Piacaguera channel to its minimum depth.
According to the Brazilian steelmaker, the dredged channel will provide access to the company’s private port terminals and to Ultrafertil’s terminals near the port of Santos. Ultrafertil is the company managing the agreement.
Usiminas said the deal will enable it improve its port infrastructure and the “continuity of vessel’s traffic in the channel.”