Miner Vale says signs deal for steel mill in Brazil

Wed Jun 17, 2009 2:31pm EDT
 
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RIO DE JANEIRO, June 17 (Reuters) - Brazilian mining giant Vale on Wednesday said it signed a memorandum of understanding to build a steel mill in Brazil's northeastern state of Ceara with capacity to produce 6 million tons of steel slabs per year.

The agreement also included the state government of Ceara, Korean steelmaker Dongkuk (001230.KS), and Brazil's Companhia Siderurgica do Pecem, Vale said in a statement.

(Reporting by Brian Ellsworth)

 

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