Significats de brazilian steelmaker en anglès

Brazilian steelmaker Usiminas USIM5.SA did not immediately provide comment on the report.

It has previously agreed to sell stakes in its shipping business and in Brazilian steelmaker Gerdau.

The 3-year-old bank would be worth more than the combined market value of Brazilian steelmaker Usiminas and Cosan, the world's leading ethanol producer.

Anglo-Dutch steel and aluminium company Corus Group will adjourn an extraordinary shareholders' meeting to allow Brazilian steelmaker CSN more time to consider a bid.

Valor also said that, in the opinion of company insiders, the move was to benefit Brazilian steelmaker Gerdau's possible bid for a stake in Usiminas.

In December, it agreed to sell a 50% stake in its shipping business, and has also sold its stake in Brazilian steelmaker Gerdau.

The companies have been at loggerheads for nearly two years over control of the Brazilian steelmaker and a break-up has been considered by both sides.

Brazilian steelmakers usually pay the annually negotiated benchmark price for iron supplies, but receive a discount to reflect the freight costs associated with overseas clients.

The offer comes after Correia teamed up with Brazilian industrial conglomerate Votorantim in 2010 to thwart Brazilian steelmaker CSN's bid for full control of Cimpor.

Brazilian steelmaker CSN has agreed to buy Anglo-Dutch rival Corus for £4.9 billion after trumping an offer from India's Tata Steel announced only hours before.

The bank also advised Italian-Argentine giant Techint Group on its $2.9 billion purchase of a 27.7 percent voting stake in Brazilian steelmaker Usiminas.