Brazilian steelmaker CSN may call off plans to purchase ThyssenKrupp's money-losing CSA mill in Rio de Janeiro if the German steelmaker does not include a U.S. sister plant in the deal, a source with knowledge of the matter said. Companhia Sider�rgica Nacional SA, as Brazil's No. 2 flat steel producer is known, is pushing ahead in negotiations to buy Steel Americas - comprised of the CSA slab mill in Rio and a processing plant in the U.S. state of Alabama - from ThyssenKrupp AG, said the source, who declined to be named because the talks are private.ThyssenKrupp has struggled to sell its 73 percent stake in CSA, into which it poured more than $8 billion. The remainder of CSA is owned by Brazilian iron ore miner Vale SA."Without the Alabama plant, CSN is not interested in the deal," the source said.Spokesmen for CSN and ThyssenKrupp declined to comment.
Vale SA (Vale) is a Brazil-based metals and mining company. Shares of VALE fell by 2.82% or $-0.42/share to $14.46. In the past year, the shares have traded as low as $12.39 and as high as $21.88. On average, 18802800 shares of VALE exchange hands on a given day and today's volume is recorded at 16339374.
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