Nucor becomes the owner of a controlling stake of California Steel Industries

The American metallurgical corporation Nucor declared acquisition for $400 million a controlling stake of the rolling enterprise California Steel Industries (CSI). This sum includes 50% of actions which belonged earlier to the Brazilian corporation Vale, and 1% of actions from a share of Japanese JFE Steel which becomes from the equal partner the minority shareholder with a 49% share. The California Steel Industries plant located in Fontana in the south of American State of California, was constructed in 1942. In 1983 it passed for debts of Vale corporation which attracted the Japanese as the partner...