26
Nov
00:00
CSN set to spin off iron ore business into new joint venture with Namisa
Brazil’s Companhia Siderurgica Nacional (CSN) has agreed to spin off its iron ore business and merge it with iron ore venture Nacional Minerios (Namisa) under a newly-created company, Kallanish learns from CSN.
The Brazilian iron ore miner and flat steelmaker has a 60% stake in Namisa, while the balance is owned by Itochu Corporation, JFE Steel, Posco, Kobe Steel, Nisshin Steel and China Steel Corporation. Namisa sells over 20 million tonnes/year of ir…
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Anonymous
Very good overview of the weekly steel market.
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