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

Posted on March 21, 2011 • Filed under: Brazil, Business

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 Article

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