Our History – CSP

Our History

Founded in 2008, Companhia Siderúrgica do Pecém (CSP) is a bi-national joint venture between Brazilian Vale (50% shares), one of the world’s largest iron ore mining companies, and South Koreans Dongkuk (30%), the world’s largest steel slabs buyer, and Posco (20%), the world’s fourth largest steel company and the largest in Korea. With an investment of U$ 5.4 billion, CSP is the first integrated steel mill of the Northeast, and the 30th in Brazil.

Established over an area of 571 hectares, CSP is part of the Industrial and Port Complex of Pecém (IPCP), in Ceará, inside Brazil’s first Export Processing Zone (EPZ). These factors are crucial to ensure national products remain highly competitive.

The mill, one of the most advanced in Brazil and worldwide, started producing steel slabs in June 2016. Production is focused on high quality rolled steel products for the naval, oil & gas, automotive, and construction industries. This first stage of the project has an installed capacity of 3 million tons of steel slabs/year.

CSP is a modern steel company that uses clean, state-of-the-art technology and whose guidelines are based on sustainability in of its all aspects – environmental, social, and economic. The company also made a commitment to provide opportunities for as many Ceará-born professionals as possible. In this regard, Ceará natives already make up approximately 70% of our staff.