Brazil’s Gerdau to Form Venture With Sumitomo, Japan Steel Works

  • Cos targeting sales of steel products to wind energy sector
  • Joint venture still subject to approval from regulators

Gerdau SA, Brazil’s biggest steelmaker by market value, will form a joint venture with Sumitomo Corp. and Japan Steel Works Ltd. in a bid to boost sales of steel parts to industries including the wind energy sector.

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