Casa de Patricia is a non-governmental group that supports disabled children and provides welfare for the elderly, while ABC PECEM is currently helping 150 local, underprivileged children. Brazil CSP delivered KRW 3.6 million to the organizations for facility renovation and furnishings.    

Brazil CSP is a steel mill with an annual capacity of 3 million tons. It sits in the Pecem industrial complex in the state of Ceara, located in the northeastern region of Brazil. The company is a joint venture between POSCO and Dongkuk Steel and Brazilian mining company Vale.

The opening of the POSCO America office in Atlanta was attended by more than 30 VIPs, including embassy dignitaries, POSCO executives, and customers.

Previously located in New Jersey, POSCO America’s move to Atlanta puts it in the center of the economic hub of the southeast region of the US and strategically close to the growing automobile and energy industries. The annual demand for steel in the southeast accounts for about 38% of the US’s total demand of 41 million tons. In addition, lower labor and logistics costs are helping the southeast revive the US manufacturing industry.

Many of POSCO’s customers are also concentrated in the southeast, including Hyundai, Kia, Kiswire, Caterpillar, GM, Honda, and other auto parts companies. Because Atlanta has become a transportation hub both regionally and nationally, it will be easier for POSCO to secure highly-skilled workers while also taking advantage of the inland transportation systems that provides easier access to key cities such as Houston, Mobile, New Orleans, Wilmington, and more.

POSCO America is laying the groundwork for an increase in demand for steel in the southeast region of the US. The office will act as a forward base for POSCO’s exports and contribute to the development of the region by creating demand for high-grade steel. Moreover, moving beyond the role of a basic steel provider, POSCO America will provide high-quality customer service in real time, becoming a “Total Solution Provider,” working closely with its sales offices in Detroit, Houston, and Mexico, as well as its regional technical service centers.

Since its establishment in 1984, POSCO America has been exporting its products to the Americas and managing local joint venture corporations. The office will act as the regional headquarters of POSCO America with over 40 employees working to support sales and technical teams for regional clients while also helping to support POSCO’s affiliates and subsidiaries in the US.

POSCO America represents 24 corporate investments, subsidiaries, and affiliates in the Americas. Major production and sales subsidiaries in the Americas include POSCO Canada which mines and sells coal from Canada; UPI, a joint venture between POSCO and US Steel; the Alabama Coil Production Center; POSCO Mexico, which produces and sells plated products; and CSP, an integrated steel mill jointly founded with Dongkuk Steel, which produces and sells slabs. As POSCO Group affiliates, POSCO Daewoo and POSCO E&C are active throughout many places in the Americas.

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CSP, located in Ceara, a northeastern state of Brazil, is a steelworks jointly established by POSCO (20% stake), Dongkuk Steel (30% stake) and Vale (50% stake). The world’s largest iron ore producer Vale supplies iron ore ingredients while POSCO provides technology and operational support. Dongkuk Steel is in charge of procurement, logistics and general affairs.

More specifically, CSP is located in the Export Processing Zone (ZPE) in the Pecém industrial and port complex (CIPP) in Ceara. This allows the plant to utilize infrastructure provided by the Ceara state government, as well as load and unload raw materials, products and shipments more conveniently.

The CSP Steelworks began its construction in July 2012 and has now become fully operational. The 3800 m³ blast furnace plans to extract 3 million tons of molten iron annually to produce slabs.

CSP Steelworks expects to increase slab production of Brazil by 48% and the state GDP of Ceara by 12%, and at the same time generate new 16,000 jobs. Among the new positions will be 2,800 for its own and 1,200 for outsourcing companies. It looks like CSP will not only contribute to boosting the country’s economy, but also help promote a friendlier relationship between Korea and Brazil.

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