Vetorial stays in pig iron despite ambitious iron ore venture

Dec 22, 2011 | 12:22 PM |

Brazil’s Vetorial Participações will keep its merchant pig iron business despite moving into a 7.6 billion Reais ($4 billion), 20 million-tpy iron ore joint venture called Vetria Mineração. Vetorial even plans to resume work on the installation of a pig iron plant in Argentina, the first move ever made by a Brazilian firm into pig iron production abroad. “This project was on stand-by because of other priorities, like Vetria…....

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