22
Jun
12:35
Gerdau gets green light for acquisition of Silat
Brazilian authorities formally approved last week the acquisition by Gerdau of a 96.3% shareholding in local rebar and wire rod rolling mill Siderúrgica Latino-Americana (Silat).
The acquisition was agreed in November last year with former owner Spanish group Hierros Añón for a price of $110.8 million, Kallanish notes.
The mill, located in Caucaia, in the area of Fortaleza, Ceará State, reached its full capacity at the b…
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Very good overview of the weekly steel market.
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