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.....
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