Ternium looking at 'upstream and downstream opportunities' with Usiminas
Latin American steelmaking group Ternium will look at ``upstream and downstream integration opportunities'' with Brazil's Usiminas, in which it is buying a 27.66% controlling stake.
Brazilian steel and iron ore producer Usiminas is seeking partner for a pelletizing plant project in the country's southeastern Minas Gerais state, Steel Business Briefing learns from company president Wilson Brumer during a ceremony for the commissioning of a new galvanizing line at its Ipatinga works.