26
Sep
12:35
Regulator extends CSN’s Usiminas share offload deadline indefinitely
Brazilian competition regulator Conselho Administrativo de Defesa Econômica (Cade) confirms that local steelmaker Companhia Siderúrgica Nacional (CSN) must reduce its minority stake in fellow steel producer Usiminas to a maximum of 5%.
However, it has an indefinite period of time to do this, says Cade in a note monitored by Kallanish. The authority has reaffirmed CSN's other obligations not to acquire additional shares and not having voting rights…
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Very good overview of the weekly steel market.
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