ArcelorMittal buys largest steel company in Brazil’s northern Ceará state

The CSP facility has a 3Mtpa steel slab production capacity. Brazilian mining firm Vale holds a 50% stake in CSP, while South Korea-based steelmakers Dongkuk Steel Mill and Posco own 30% and 20% stakes, respectively.

ArcelorMittal, the world's second-largest steelmaker, has agreed to purchase Brazilian steelmaking firm Companhia Siderurgica do Pecem (CSP), a joint venture between Vale, Dongkuk Steel Mill, and Posco, for an enterprise value of US$2.2bn.

Brazilian mining firm Vale holds a 50% stake . . .

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