Gerdau sells Chilean long steel assets to local family-owned groups for $154m

Gerdau has sold its Chilean assets to local family-owned groups Matco and Ingeniaría e Inversiones for $154 million, the Brazil-based steelmaking group said on Wednesday October 4.

The operations in the deal include long steel industrial units with combined capacities of 520,000 tpy of crude steel and 530,000 tpy of rolled...

Published

Ana Paula Camargo

October 04, 2017

21:44 GMT

São Paulo

Keywords