Companhia Vale Do Rio Doce (CVRD), a Brazilian mining company, signed an agreement with the United States's Nucor to build and operate a pig-iron project in northern Brazil.
COMPANHIA VALE DO RIO DOCE Summary Companhia Vale do Rio Doce (CVRD) is a global diversified mining company, the second largest mining company in the world, and the largest logistics operator in Brazil. (CVRD CVRD Companhia Vale do Rio Doce (Brazilian mining company) CVRD Cowichan Valley Regional District (Vacouver Island, British Columbia, Canada) CVRD Converter, Variable Resistance, to DC Voltage ), a Brazilian mining company, signed an agreement with the United States's Nucor Nucor Corporation (NYSE: NUE) is one of the largest steel producers in the United States, and the largest of the "mini-mill" operators (those using electric arc furnaces to melt scrap steel, as opposed to companies using traditional blast furnace technology). to build and operate a pig-iron project in northern Brazil. Nucor will invest US$10 million in the project, while CVRD, which will own a controlling stake of 78%, will invest land and forest assets.
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