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Brazil: BNDES to grant Vale, Dongkuk and Posco USD 800 million to build steel mill

Description

The Brazilian National Development Bank (BNDES) announced that it will support the steel company Companhia Siderúrgica do Pecém (CSP) with 2.3 billion real (USD 800 million) in order to build a plant ...

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Intervention Details

Intervention Type

State loan

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

30 Apr 2015

Revocation date

28 Jun 2016

Implementation level

NFI

Affected flow

Inward

Announced as temporary

No

Eligible firms

firm-specific

Affected Trading Partners

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Affected Sectors

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Affected Products

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