With demand for steel cooling and cheap exports from China flooding global markets, leading Japanese steelmaker Nippon Steel & Sumitomo Metal is on the hunt for investment opportunities.
Nippon Steel & Sumitomo Metal is keen to boost investments in Brazilian, French and Japanese companies to expand its overseas supply network while the cost of doing so is still relatively low.
Major Brazilian player Usinas Siderurgicas de Minas Gerais, commonly known as Usiminas, is expected to decide on a capital increase at an extraordinary shareholders meeting on April 18. Market participants have speculated that the company, which is struggling with cheap Chinese steel and Brazil's economic downturn, is in danger of running short of funds.
Nenhum comentário:
Postar um comentário