Para authorities bar Usipar from making pig iron
Dec 18, 2007 | 02:33 PM
| Diana Kinch
New Brazilian pig iron producer Usinagem e Parafusos Ltda. (Usipar) has been ordered to halt production by authorities in Para state after evidence reportedly was discovered that the company was violating Brazilian environmental laws.
But Luiz Carlos da Costa Monteiro, Usipar's president, said the ban is the result of a misunderstanding on the part of the Secretaria Especial do Meio Ambiente (Sema), Para state's environmental watchdog, and he vowed that production at the 500,000-tonne-per-year plant near Barcarena would continue for the time being using one furnace. The other furnace is currently out of operation for maintenance.
All of Usipar's production is exported to steel mills and foundries in the United States and Italy.....
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.
Subscribe Now
Click Here
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.
Take a Free trial
Click Here