Sale of Brazilian Steel Mill CSA Completed

The sale of the CSA Siderúrgica do Atlântico/BR steel mill in Brazil to the Latin American steelmaker Ternium is completed. The sale of CSA takes effect retrospectively from 30 September 2016.?? With the sale of CSA, Thyssenkrupp/DE has now fully divested Steel Americas and achieved a further important milestone on its strategic way forward. Thyssenkrupp now generates more than 75 % of its sales with profitable capital goods and services businesses.?Thyssenkrupp succeeded in selling the processing plant in USA to a consortium of ArcelorMittal/IN and Nippon Steel/JP back in 2014. At that time, it was not possible to divest CSA. Complex contractual ties existed with the former co-shareholder Vale/BR. In May 2016, the group succeeded in ending those ties and as sole owner of CSA has moved the company into operational profit. The receipt of the operating license in September 2016 finally created the conditions for the sale of CSA and a good solution in Brazil.

www.thyssenkrupp.com

back to newsletter