Brazil long steel producer AVB wins public company registration

Brazilian securities and exchange commission CVM has granted long steel producer Aço Verde do Brasil (AVB) a public company registration under category “B”, meaning that all issuances will be allowed except stock, it said on Monday November 29.

AVB makes wire rod, billet and rebar at its mill in the northeastern state of Maranhão, using iron ore and charcoal instead of coking coal. This reduces its carbon footprint compared with those of its competitors. “Aço Verde” means “green steel” in Portuguese.
The company describes itself as the first carbon-neutral steel mill in the world, according to certification from SGS under the Greenhouse Gas (GHG) Protocol.

During the Brazil Steel Conference, hosted by the country’s steel industry body, Instituto Aço Brasil, AVB was presented as...

Published

Renato Rostás

December 01, 2021

20:35 GMT

São Paulo