Brazilian Steel Company Eyes Some Spinoffs
It's a Brazilian stock — with a Chinese hook. Companhia Siderurgica (SID) is a massive producer of steel used in the packaging, construction and automotive industries. The Brazil-based company exports around 40% of total sales volume. Asia represents 10% to 15% of its exports, and China accounts for 40% of that. The demand in China is huge. Goldman Sachs said this week that iron-ore prices could surge 60% due to China's growing demand, combined
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