SOURCE: Industrial Info Resources

December 27, 2007 05:00 ET

Brazilian Steelmaker Announces $5.3 Billion Investment in Iron, Steel, an Industrial Info News Alert

CORDOBA, ARGENTINA--(Marketwire - December 27, 2007) - Researched by Industrial Info Resources (Sugar Land, Texas) -- Brazil's Companhia Siderurgica Nacional (CSN) (Rio de Janeiro, Brazil) recently announced a $5.3 billion investment over the next six years aimed at boosting the company's iron and steel production in Brazil's southeastern state of Mina Gerais.

CSN CEO and Chairman Benjamin Steinbruch and Minas Gerais' government signed an agreement, which includes a capacity expansion of CSN's Casa de Pedra iron ore mine from 16 million tons per year to 65 million tons per year by 2011.

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