HomeSteel Gerdau buys Brazilian long steel producer Silat for $111 million Brazilian steelmaker Gerdau has agreed to buy 96.4% of Siderúrgica Latino-Americana (Silat) shares from Spanish group Hierros Añón for $110.8 million, in a shift from its divestment strategy of the past four years. Silat is located in Caucaia, a city in the northeastern Brazilian state of Ceará, and has capacity of 600,000 tonnes per year of long rolled steel. The company mainly produces rebar and wire rod. “The acquisition is part of Gerdau’s strategy to provide better customer service in the Brazilian market,” the steelmaker said on Wednesday November 27. The... Email this article Your details Your recipients's details You can enter a maximum of 5 recipients. Use ; to separate email addresses. Email yourself a copy? Enter the code: Ok You might notice something different here.As we continue our evolution, our data and market news is now available through the Fastmarkets platform and a trial of this website is no longer available. Already registered? Log in Our new delivery solution allows you to access the prices and news that matters most to you in a way that delivers value, quality and a unique, fully customizable view for you. Learn More We are developing an experience that allows you to test drive building your view of our data and news on the new platform. In the meantime, we can prepare a quote for you and show you around. Get Started Contact Us +44 (0) 20 7779 8260 hello.mb@fastmarkets.com Published Renato Rostás November 27, 2019 14:26 GMT São Paulo Keywords Gerdau Silat Brazil Related news {{article|snippet:'title'|removeHtmlTags}} {{article|fields:'dates'|date:dateArticleFormat}}
