Tag: Usiminas

• Monday, March 21st 2011 - 21:50 UTC

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

  

  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.