July 23, 2014 1:29 PM ET

Metals and Mining

Company Overview of ThyssenKrupp Companhia Siderúrgica do Atlântico

Company Overview

ThyssenKrupp Companhia Siderúrgica do Atlântico owns and operates steel production plants. The company manufactures and markets carbon steel flat products and steel slabs. ThyssenKrupp Companhia Siderúrgica do Atlântico was founded in 2010 and is based in Rio de Janeiro, Brazil. ThyssenKrupp Companhia Siderúrgica do Atlântico operates as a subsidiary of ThyssenKrupp AG.

Av. João XXIII, s/n

Santa Cruz

Rio de Janeiro, RJ 23560-352

Brazil

Founded in 2010

Phone:

55 21 2141 2550

Fax:

55 21 2141 3810

Key Executives for ThyssenKrupp Companhia Siderúrgica do Atlântico

Chief Executive Officer
Compensation as of Fiscal Year 2014.

ThyssenKrupp Companhia Siderúrgica do Atlântico Key Developments

ThyssenKrupp Companhia Siderurgica do Atlantico Announces Management Changes

ThyssenKrupp Companhia Siderurgica do Atlantico announced that Walter Medeiros took over as Chief Executive Officer (CEO) of the company. He replaces Jorge Luiz Ribeiro de Oliveira, who is seeking a new challenge outside the Group following the technical ramp-up of the Brazilian steel mill. Walter Medeiros joined the Group in 1988. He has been a member of the management team of ThyssenKrupp Metalurgica Campo Limpo in Sao Paulo since 2004. In his last position, he was Chief Operating Officer of the entire Forged & Machined Components business unit at ThyssenKrupp.

CSNA3 Reportedly To Withdraw Plans To Acquire CSA Mill

Companhia Siderurgica Nacional (BOVESPA:CSNA3) may withdraw plans to acquire ThyssenKrupp Companhia Siderúrgica do Atlântico from ThyssenKrupp AG (XTRA:TKA) if it does not include a U.S. sister plant in the deal, a source with knowledge of the matter said. CSN is pushing ahead in negotiations to buy Steel Americas - comprised of the CSA slab mill in Rio and a processing plant in the U.S. state of Alabama - from ThyssenKrupp AG, said the source, who declined to be named because the talks are private. "Without the Alabama plant, CSN is not interested in the deal," the source added. According to a second source with knowledge of the situation, CSA could help CSN raise its steelmaking and port capacity, but such gains would make no sense without the Alabama plant. Also the first source said CSN expects to clinch a deal for the two plants by the end of September 2013, the second source said talks have "cooled," though there are chances of progress in the future. Spokesmen for CSN and ThyssenKrupp declined to comment to Reuters.

ThyssenKrupp To Sell Majority Of CSA To CSN Soon

ThyssenKrupp AG (XTRA:TKA) is planning to sell ThyssenKrupp Companhia Siderúrgica do Atlântico to Companhia Siderurgica Nacional (BOVESPA:CSNA3), says sources close to the talks. A buyer will be chosen in the next two to three weeks with CSN the front-runner. Ternium dropped out of the race in late April over price differences.

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