Steel Mills
September 7, 2017
Thyssenkrupp Completes Sale of CSA to Ternium
Written by Sandy Williams
Thyssenkrupp finalized the sale of Brazilian steel mill CSA Cia Siderúrgica do Atlántico to Ternium this week. The sale takes effect retroactively from Sept. 30, 2016. The $1.3 billion deal was hammered out in February.
Completion of the transaction ends a long process for Thyssenkrupp to divest all of its Steel America assets. In 2014, Thyssenkrupp sold what is now AM/NS Calvert Steel in Alabama to ArcelorMittal and Nippon Steel. The company was unable at the time to find a buyer for the struggling CSA, which it jointly owned with Vale. Thyssenkrupp secured full ownership of CSA from Vale in late 2016.
