Japan’s Nippon Steel & Sumitomo Metal Corp is open to buying the Techint Group’s stake in Brazilian flat steel maker Usiminas, a source with direct knowledge of the subject said on Thursday. Nippon Steel, which is in dispute with Techint over control of the financially strapped Brazilian steel company, wants Usinas Siderúrgicas de Minas Gerais SA, as the company is known officially, to avoid bankruptcy protection, the source said.
Source: Reuters.comNippon Steel open to buying Techint stake in Usiminas
Industry: Steel 2016-02-19
