Global Trade Alert
Global Trade Alert

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

Announcement

30 Apr 2015

On 30 April 2015, the Brazilian National Development Bank (BNDES) announced that it will support the steel company Companhia Siderúrgica do Pecém (CSP). The loan, which is bound to the BNDES’s local content requirement policy, will finance two projects.

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

30 Apr 2015

Revocation date:

28 Jun 2016

Announced: 30 Apr 2015
State loan
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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