24
Sep
07:42
Brazilian regulator approves Gerdau takeover of Silat
Brazilian long steel producer Gerdau has received approval, without restriction, from authorities to conclude the acquisition of rebar and wire rod producer Siderúrgica Latino-Americana (Silat). So says the country’s competition regulator, Conselho Administrativo de Defesa Econômica (Cade), in a note monitored by Kallanish.
The acquisition is valued at $110.8 million. Silat was previously owned by Spanish group Hierros A…
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Very good overview of the weekly steel market.
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