The engineering project for the New Marabá Steel Plant begins

In May 2022, SINOBRAS and Vale signed a commitment to develop a new steel billet production melt shop in Marabá. Following the established schedule, after several months of technical and commercial discussions with four international engineering firms, Hatch, a multidisciplinary international management, engineering, and development consultancy, was selected to develop the engineering design for the new melt shop.

On January 9th, the kick-off meeting (first meeting) to kick off the project, which is expected to be completed in six months. This phase will provide technical and financial definitions for the continuation of the New Steel Plant.

"This isn't just a project for SINOBRAS and Vale, but also for the community and organizations like the Pará State Government and the Marabá City Hall. I believe we'll move forward and that the New Steel Plant will be a success because of everyone's hard work. We'll go live with the next phases working hard and believing," said Ian Corrêa, Vice President of Operations for Grupo Aço Cearense, during the meeting.

Understand the subject 

Under the signed agreement, Vale supports the project by issuing guarantees to facilitate the financing contracted by SINOBRAS for the installation of the new steel plant. SINOBRAS is responsible for the engineering studies and implementation and operation of the plant, as well. Production at the new steel plant is expected to begin after startup from Tecnored, a subsidiary of Vale, scheduled for the first half of 2025.

Soon after signing the agreement, SINOBRAS began structuring its team and created a management team dedicated exclusively to the new project. According to Ian Corrêa, "the new steel plant project, in addition to generating new jobs and income, will guarantee the supply necessary for SINOBRAS's growth through expansion, as well as provide the conditions for the development of a Metal-Mechanical Hub in Marabá."