Steel Mills
December 12, 2019
Vale May Divest California Steel Industries
Written by Sandy Williams
Changes may be coming for two joint ventures held by Brazilian mining giant Vale, including California Steel Industries. Vale is looking to trim costs as it continues to make reparations stemming from the Brumadinho tailings dam collapse that took 270 lives and caused major environmental damage to the region.
At Vale Day on Dec. 2 in New York, the company alluded to the possibility of divesting its non-core assets, which include joint ventures Companhia Siderúrgica do Pecém in Brazil and California Steel Industries in the U.S.
