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The deal will be signed in Brazil on Friday, the South Korean builder said in a statement. The unlisted affiliate of POSCO said it planned to build the plant with an annual production capcity of 3 million tonnes, in Pecem in Brazil's northeastern state of Ceara. The joint venture, Companhia Siderurgica do Pecem (CSP), also includes South Korean steelmakers Dongkuk Steel and POSCO, which hold a combined 50 percent stake.