29
Apr
11:48
Vale maintains CSP stake sale plan: executive
Vale maintains its intention to sell its 50% stake in slab producer Companhia Siderúrgica do Pecém (CSP), the Brazilian miner indicated in its first-quarter earnings call monitored by Kallanish.
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%).
“We have done a lot and cleaned up most of the non-core assets out of our portfolio. CSP…
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Anonymous
Very good overview of the weekly steel market.
Anonymous