Vale really wants to sell part of the shares in a joint enterprise with Thyssenkrupp

According to one of their largest mining companies in the world of Vale, she decided to get out of the joint with the German company ThessenkrupP in Brazil. In an effort to reduce expenses and focus on iron ore mining, Vale announced the sale of 26.9 percent of the shares of the CSA steel plant in Rio de Janeiro.

Recall that recently Thyssenkrupp sold its metallurgical plant in Alabama, the USA, which was a finish link in the technological chain invented at one time by herhard edge. According to the plans of the German company, in Brazil, an inexpensive steel workpiece was supposed to be made, which would then roll into a very expensive auto -man at the station in the United States. However, the plans of an enterprising German violated the international economic crisis and the increased self -esteem of the Brazilian workers as a result of which the cost of slabs in CSA became economically not profitable. CSA began its activities in 2010 and has since been a loss -making enterprise.

In combination with the recent Vale statement on the reduction of the investment program for 2014, the sale of a share in the Brazilian Metallurgical Plant indicates the company's intentions to fully concentrate on iron ore mining.