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14 Feb
09:06

CSN and Porto Sudeste appeal Vale/Ferrous Resources merger

Companhia Siderúrgica Nacional (CSN) and the terminal operator Porto Sudeste have filed an appeal to Brazil's trade defence agency CADE over the approval of Vale’s acquisition of Ferrous Resources Limited iron ore company. “The Vale/Ferrous Resources merger could potentially cause an economic impact and create anticompetitive behaviour in the Brazilian iron ore market,” CSN says in the appeal to the local antitrust watchdog, mon…
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