|
|
 |
|
 |
 |
8.20.08
» BNDES provides R$ 30 m funding to expand Usipar’s pig
iron production
Usipar - Usina Siderúrgica do Pará Ltda was granted R$ 30
m funding to implement two blast furnaces to produce 500
thousand t/year of pig iron, by using coal coke, and a
sintering plant. The project will call for 1,200 direct and
indirect jobs and other 500 employment opportunities will be
required upon sintering plant startup.
Pig iron production based on coal-based coke is a new
alternative for pig iron production activities in the region,
as it does not depend on charcoal.
BNDES will contribute with R$30 million through FINEM Direto
Facility, corresponding to 11.9% of total investments,
amounting to R$ 251.3 million.
Within the project, two blast furnaces will be built, each
one holding 320 m3 of internal volume and output capacity of
250 thousand t/year of pig iron, while sintering holds an
output capacity of 900 thousand t/year of sintering product
– used to feed the blast furnace.
Pig iron is the main feedstock to produce steel. In
integrated power plants, it is produced to be consumed in
the plant, and it is transported in its liquid form from the
blast furnace to the steel plant, where it is converted into
steel by burning impurities and adding several materials. In
non-integrated power plants (independent producers), such as
Usipar, pig iron is solidified into small steel pigs for
trading purposes.
Usina Siderúrgica do Pará, located in Barcarena (state of
Pará), belongs to Costa Monteiro group. The group,
controlled by Brazilian shareholders, produces pig iron,
trades steel products, also working with logistics and
reforesting. Its main activity is the production of pig iron
to be traded in the foreign market.
The major world pig iron producers are China (46.4% market
share), Japan (9.7%), Russia (5.9%), USA (4.3%), Ukraine
(3.8%) and Brazil (3.7%). Although it is placed as 6th
larger world producer, Brazil is the largest world exporter
of pig iron, holding 40% market share, whose main exports
are directed to the USA, the main world importer, absorbing
around 69% of total exports from Brazil and 33% of total
global trading.
 Back
to news
|
|
|
|
|
