26
Sep
01:00
Usiminas board votes to offload ceo but only just
The board of directors of Brazilian steelmaker Usiminas has voted to remove ceo Julian Eguren, Kallanish learns from a filing by the company to the Sao Paolo stock exchange. Meanwhile Luxembourg-headquartered Ternium, with a 17% holding in Usiminas, has issued a statement indicating its dissatisfaction with both the move and one of its fellow co-investors.
In a close run decision, five Usiminas directors voted for Eguren’s removal and five against. It …
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Anonymous
Very good overview of the weekly steel market.
Anonymous