Vetorial stays in pig iron despite ambitious iron ore venture
Dec 22, 2011 | 12:22 PM
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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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