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Nippon Steel Output Presses Ternium on Key Usimina Issues
Summary by Bloomberg Linea
1 Articles
1 Articles
After more than 60 years as a shareholder of Usiminas (USIM5), Nippon Steel signed the sale of its remaining shareholding in the capital of the mining steel company to Ternium (TX), which increases the role of the Italo-Argentino group in the Brazilian market and in Latin America.With this operation, the Techint group, which controls Ternium, emerges as a steel giant in the region, mainly from the point of view of operations in Brazil. Despite t…
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