Votorantim deal 'will make ArcelorMittal more competitive' in Brazil

The combination of the Brazilian long steel businesses of ArcelorMittal and Votorantim Siderurgia, announced earlier today, is intended to strengthen ArcelorMittal’s position in a difficult local market, it said.

The announcement of the acquisition added that Votorantim will have a minority holding in the global steelmaker’s Brazilian subsidiary, but the stakes that Votorantim has in Acerbrag of Argentina and Acerías...

Published

Felipe Peroni

February 23, 2017

22:44 GMT

São Paulo