Ternium drops out of running for TK slab mill

May 01, 2013 | 01:10 PM | Juan Weik

Tags  Ternium, CSA, ThyssenKrupp, Brazil, Steel First, steel, Juan Weik

SÃO PAULO — Latin American steelmaker Ternium SA has ruled itself out as a possible bidder for ThyssenKrupp AG’s 73.13-percent stake in the 5-million-tonne-per-year Cia. Siderúrgica do Atlântico (CSA) slab plant in Brazil.

"Ternium is no longer participating in the CSA sales process given (its) different value perception, and also because of the (steel) industry situation," chief executive officer Daniel Novegil told analysts in a conference call April 30.....

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