By Richard Mann, Contributing Reporter
RIO DE JANEIRO, BRAZIL - Chinese engineering and construction group China Communications Construction Company (CCCC), in partnership with Vale, is initiating the first step to install a steel rolling mill in Marabá, southeast Pará.
CCCC controls Concremat in Brazil, which, together with the Chinese, will be responsible for setting up the venture. Helder Barbalho (MDB), the Governor of Pará state, said that expected investment in the plant is R$1.5 billion (US$366 million).
With an annual production capacity of 300,000 tons of rolled steel, the mill will be installed in the industrial district . . .