Little Latin American interest in TK slab plant

May 21, 2012 | 03:56 AM |

Latin American steelmakers will probably not be interested in buying ThyssenKrupp’s 5 million tpy CSA Siderúrgica do Atlântico slab plant in the Brazilian state of Rio de Janeiro, regional analysts say.

The German company said last week that it was considering “strategic options” for its Steel Americas operations in Brazil and the USA, including a partnership or a sale of such plants.

The Brazilian slab mill will first be offered to Vale, which has a 26.87% stake in the plant, before being put up for other interested buyers.

One steelmaking analyst based in São Paulo said he saw little possibility that the world’s largest iron ore producer could become a majority shareholder in the big slab plant.
“I don’t believe Vale would increase its participation in the mill, and also I don’t see any other interested steelmakers here in the region,” he said.....

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