AMM.com Copying and distributing are prohibited without permission of the publisher
Email a friend
  • To include more than one recipient, please separate each email address with a semi-colon ';', to a maximum of 5


Gerdau increases stake in Indian steel plant

Keywords: Tags  Gerdau SA, Brazil steelmaker, Tadipatri, special steels, Jagdish Kumar


MUMBAI, India — Brazil-based steel producer Gerdau SA has increased its share in the Tadipatri steel plant in India.

Gerdau now holds a 99.5-percent stake in the joint venture, up from 45 percent previously.

The value of the deal was not disclosed, but Gerdau paid $71 million in 2007 for its 45-percent stake.

The plant has an installed capacity of 300,000 tonnes of special steels catering to the automotive sector.

A version of this article was first published by AMM sister publication Steel First.


Have your say
  • All comments are subject to editorial review.
    All fields are compulsory.



Latest Pricing Trends

AMM Events