Incentives key for Brazil slab export project

Oct 26, 2005 | 06:12 AM | Diana Kinch

The foundation should be laid in January for Cia. Siderúrgica do Atlântico (CSA), the 4.4-million-tonne-a-year slab-for-export plant being built in Brazil's Rio de Janeiro state by ThyssenKrupp Steel AG (TKS), Duisburg, Germany, and Cia. Vale do Rio Doce (CVRD).

"This project is moving forward," Tito Ryff, state planning and institutional coordination secretary, said during an investment seminar in Rio de Janeiro. "However, it will need incentives such as the MP do Bem" he said, referring to a tax exemption bill that would benefit companies exporting 80 percent of their production. The measure is still under consideration by the federal government.....

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