Luxembourg, 02/09/2004 (Agence Europe) - The European Investment Bank (EIB) has just granted a loan of 70 million dollars to CST (Companhia Siderúgica de Tubarão) for the construction and operation of a blast furnace in Brazil. The investment will allow accommodating for exports to match increased demand mainly from NAFTA and Asian markets. The Bank states that these exports will help consolidate Brazil's economic performance.
The additional capacity for the production of steel slabs will...