Igor Zyuzin (Mechel, owner) has closed the deal to purchase Brazilian metallurgic assets belonging to Cosipar. Zyuzin’s share totals 75 per cent and the assets would be managed by Mechel and Cosipar joint-venture.
According to Cosipar, the Usipar enterprise currently operates two blast furnaces of 500-m-t nominal monthly capacity. By 2012, the enterprise will yield 2-m-t of steel and 3 m t of cast iron yearly, Mechel Bluestone providing it with coal.