29
Nov
09:58
Brazilian authority evaluates sale of stake in Silat
The government of Brazilian State of Ceará is considering a move to sell its 3.65% stake in rebar and wire rod rolling mill Siderúrgica Latino-Americana (Silat) to Gerdau, Kallanish learns from the authority. Gerdau would therefore take on full ownership following its agreement to acquire the 96.35% stake owned by Spanish group Hierros Añón in Silat on 27 November.
“Our interest in this operation is total, as we want Gerdau to e…
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Very good overview of the weekly steel market.
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