Speculation that Brazil’s s steel industry is in the process of consolidation

Monday, March 21st 2011 - 21:50 UTC

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Brazil’s biggest maker of steel products for the auto and construction industries, Gerdau SA, plans to sell as much as 4.2 billion Real (2.5 billion USD) of stock, boosting speculation that it has plans to buy a stake in a Brazilian rival, most probably Usiminas. Read full article

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GeoffWard
Surely main bidders will be Chinese part-state companies, at least up to the maximum stake allowable. Big new Chinese steelworks in Rio state, new chinese port . . . seems a no brainer to me. . . . but maybe Obama has a cunning plan . . .
Mar 22nd, 2011 - 05:10 pm - Link - Report abuse 0
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