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
The plant has an installed
capacity of 300,000 tonnes of special steels catering to the
A version of this article
was first published by AMM sister publication Steel