Vale/Cevital – Maraba Steel Plant – Para - Project Profile
"Vale/Cevital – Maraba Steel Plant – Para - Project Profile" contains information on the scope of the project including project overview and location. The profile also details project ownership and funding, gives a full project description, as well as information on contracts, tendering and key project contacts.
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Vale and Cevital Group are planning to undertake the construction of a steel plant at Marabá in Pará, Brazil.
The project involves the construction of a production unit, a storage unit, a steel coils unit, a pig iron unit and a distribution center and the installation of equipment.
Vale had already invested about US$300 million on technical studies, engineering development, licensing process and the purchase of the land where the plant will be constructed.
In June 2016, Vale and Cevital Group signed a memorandum of understanding (MoU) with the Government of Pará to facilitate the construction and operation of the steel plant in Marabá.
The business negotiation between the government, Secretaria de Estado de Desenvolvimento Econômico, Mineração e Energia (Sedeme) and Cevital are underway.
The project involves the construction of a steel plant with at Marabá in Pará, Brazil.
The US$2000 million project includes the following:
1. Construction of a production unit
2. Construction of a storage unit
3. Construction of a distribution unit
4. Construction of a steel coils unit
5. Construction of a pig iron unit
6. Installation of related equipment
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