Hints and tips:
...(MMX was also boosted by a story in local newspaper Valor Econômico, citing local steelmakers such as Usiminas and Gerdau as potential acquirers of MMX’s port.)...
...Nippon Steel, Gerdau may buy Usiminas stake Nippon Steel, Japan’s largest steelmaker, and Brazil’s Gerdau SA are in talks to stave off a rival $2.9bn bid for a stake in Usinas Siderurgicas de Minas Gerais...
...Gerdau recently raised $3.5bn in a share sale that analysts believe might be used as a war chest for acquisitions....
...André Gerdau Johannpeter, chief executive of Gerdau, a Brazilian company with nearly 30 per cent of its production in the US, said he backed calls for a US government investigation into plans by Anshan Iron...
...It will operate in competition with other US-based mini-mill companies, including Nucor, the US’s Steel Dynamics, and US divisions of Gerdau, a large Brazilian steelmaker, and Lakshmi Mittal’s ArcelorMittal...
...Vale, the materials company, and Gerdau, the steel maker, are recommended stocks....
...It bought a 50.9 per cent stake in Colombian coke producer Cleary Holdings Corp for $59m, for example. The final plank in Gerdau’s success has been a greater ability to raise funds overseas....
...Gerdau Ameristeel said on Tuesday it has agreed to acquire Texan steel-beam maker Chaparral Steel for $4.22bn in cash, in a move to diversify its product offering into high value added steel products, reports...
...That makes planning acquisitions funded through jumbo bridging loans, such as Gerdau Ameristeel’s purchase, much harder to contemplate now....
...In other deal news, Gerdau Ameristeel said it was buying Chaparral Steel for $4.22bn. Chaparral rose 10.6 per cent to $83.73....
...In deal news, Gerdau Ameristeel said it was buying Chaparral Steel for $4.22bn. Shares in Chaparral rose 10.6 per cent to $83.67....
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