The French steel group USINOR has now invested more thanr USD1 billion in Brazil, of which over 400 million is for the construction of a factory in the south of the country (Vega do Sul), in partnership with Canadian DOFASCO (20%) and Spanish GESTAMP (10%). Francis Mer, USINOR President, has just announced the construction of a third smelting furnace in the COMPAGNIE SIDERURGIQUE DE TUBARÃO (CST) plant controlled by USINOR through crossed shareholding. The project, which should be for 2005,...