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This is a project covering conceptual engineering studies for the construction of a steel plant.

On July 9th, Techint Engineering and Construction in Brazil entered a contract with the company VALE. The scope of services covers engineering studies for implementation of a steel plant for direct reduction for VALE.

The contract, which has a total of 12 months term, provides for the implementation of about 30,000 Man-hours worked, to be performed by the Buenos Aires and São Paulo Offices¿ teams.

This contract allows the company to apply all know-how and synergy between the engineering teams of Techint in Brazil and the steel plants operation by direct reduction of Ternium in Argentina and Mexico.

To align the activities to be developed, a kick-off-meeting was held on July 13th, in Techint¿s office in Rio de Janeiro. The meeting was attended by VALE¿s steel management and Techint¿s representatives in Brazil and in Argentina, which will give continuity to the project¿s development.