Nucor pulls out of Brazilian pig iron venture with CVRD
Apr 20, 2007 | 03:35 PM
| Maria Guzzo
Nucor Corp., Charlotte, N.C., has pulled out of joint venture to make pig iron in Brazil.
Nucor said it sold its interest in Ferro Gusa Carajas SA to its partner, Cia. Vale do Rio Doce (CVRD), Rio de Janeiro.
"At the end of the day, we decided the best thing to do was to move out of that venture," Daniel DiMicco, Nucor's chairman, president and chief executive officer, said during the company's first-quarter conference call. "CVRD is an important supplier and a good partner. But as far as day-to-day operations....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.