Tenaris S.A. announced Monday that it filed a request with CVM (Brazil’s securities regulator) and the Sao Paulo stock exchange seeking their approval to a public delisting tender offer to acquire all of the ordinary and preferred shares held by the public in its controlled Brazilian subsidiary Confab Industrial S.A.
The offer, which would be made [...]

A conglomerate of firms is teaming up to acquire an estimated 15 per cent stake in Brazil’s rare metal minerals miner. The firms, Nippon Steel Corp, JFE, POSCO, and others are will pick up the stake for around $1.8 billion, in a move aimed at fending off China and its insatiable appetite for raw materials, [...]

Japan Metals & Chemicals Co Limited has acquired Brazil’s Bozel Mineracao SA and France’s Bozel Europe SAS. The Japanese firm announced the complete takeover of the two companies last week, effectively making them its wholly owned subsidiaries. These companies have been engaged in the production and sale of calcium silicon used as a raw material [...]

Brazilian steelmaker Cia Siderurgica Nacional SA (CSN) announced it has increased its stake in Usinas Siderurgicas de Minas Gerais SA (Usiminas). CSN is also mulling bolstering its shareholding of its main rival on the Brazilian flat steel products market. The investment has seen CSN hike its share in the voting capital of Usiminas to 5.03%.
In [...]

Qatari state run holding firm, Industries Qatari, reported Monday that its subsidiary, Qatari Steel Company had entered an agreement with Brazil’s Samarco Mineracao for the supply of iron ore pellets. The Brazilian firm is a manufacturer of iron ore pellets and the contract will see it supply them to the Qatari firm for a period [...]

Chinese steel major, Wuhan Iron & Steel, is mulling the construction of a $5 billion steel plant in Brazil. The revelations come amidst round table trade talks during the Chinese President’s visits to Brazil in which a number of cooperation deals were signed. With the agreements for trade in place, the Chinese steel manufacturer revealed [...]