Nippon Steel to increase stake in Usiminas
Japanese steelmaker Nippon Steel has decided to increase its existing stake in Brazilian flats maker Usiminas from 23.3% to 29.2%, Steel Business Briefing learns.
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.