Brazilian company Vale has agreed to invest €965m in ThyssenKrupp Steel subsidiary CSA Siderúrgica do Atlântico, to increase its stake from 10% to just over half.
CSA is constructing a five million metric tonne integrated steel slab plant in Rio de Janeiro, the largest industrial investment in Brazil in the last decade.
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Vale will act as the sole and exclusive supplier of iron-ore to CSA.
The plant is expected to start operation in the first half of 2010.
