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22 Feb
10:06

Vale considers selling stake in CSP: reports

Brazil’s Vale may plan to sell its 50% stake in slab producer Companhia Siderurgica do Pecem (CSP), reports Brazilian media. CSP is the fourth-largest steelmaker in Brazil. The company is a joint venture formed by Vale (50% share) and South Korean companies Dongkuk (30%) and Posco (20%). According to local newspaper O Povo, senior sources within the sector have confirmed that Gerdau, Companhia Siderúrgica Nacional (CSN), ArcelorMittal and NLMK have&…
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