Vetorial stays in pig iron despite ambitious iron ore venture

Brazil’s Vetorial Participações will keep its merchant pig iron business despite moving into a 7.6 billion Reais ($4 billion), 20 million-tpy iron ore joint venture called Vetria Mineração.


Brazil’s Vetorial Participações will keep its merchant pig iron business despite moving into a 7.6 billion Reais ($4 billion), 20 million-tpy iron ore joint venture called Vetria Mineração.
Vetorial even plans to resume work on the installation of a pig iron plant in Argentina, the first move ever made by a Brazilian firm into pig iron production abroad.

“This project was on stand-by because of other priorities, like Vetria… [but]...

Published

December 22, 2011

17:22 GMT