The largest steel plant construction that will remain in the history of Korean construction.
The Brasil CSP Steel Plant is a large-scale concentrated solar power (CSP) project jointly invested by VALE, the largest steel stone supplier in Brazil, Dongkuk Steel, and POSCO.
A total of USD 4.9 billion was invested in the project (VALE 50%, Dongkuk Steel 30%, and POSCO 20%), and the plant is expected to produce 3 million tons of slabs annually.
It is currently in its first phase and being built in the Pecem Industrial and Port Complex in Ceara, Brazil.
VALE supplies raw materials for iron ore while Dongkuk Steel buys and sells slabs. POSCO will act as an advisor in the technical part and operation technology.
In the first phase, POSCO E&C carried out the project in an EPC (Engineering, Procurement, Construction) method that covers all stages, from raw materials, sintering, coke, blast furnace, steelmaking, casting, and power generation to auxiliary equipment design, equipment supply, construction, and trial operation. During four years of construction, more than 10,000 man-days contributed to this CSP project, which is considered the largest single steel plant project won by a domestic construction company overseas.
The Brazil CSP Steel Plant is the largest steel plant construction project ever won by a domestic construction company. It has fully demonstrated POSCO E&C's business capabilities in the domain of steel plants, and it will be a project that will remain in the history of Korean construction companies.