Word: redonda
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Dates: during 1944-1944
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Biggest industrial venture is the steel mill at Volta Redonda in the State of Rio de Janeiro. Partly financed by a $45,000,000 Export-Import Bank credit for buying U.S equipment, it will process ore from the enormous, high-grade deposits at Itabíra in the State of Minas Geraes. Eventually, Volta Redonda should supply Brazil with a good part of the steel which must now be imported. U.S. help in this project has won a lot of good will...