Brazil Probe Seeks to Shut Down ThyssenKrupp CSA Blast Furnace
01/18/2013 - Brazilian prosecutors are seeking to shut down one of two blast furnaces at ThyssenKrupp AG's CSA unit over alleged irregularities, presenting a new challenge for the German steelmaker as it tries to sell the money-losing mill, Reuters reports.
Brazilian prosecutors are seeking to shut down one of two blast furnaces at ThyssenKrupp AG's CSA unit over alleged irregularities, presenting a new challenge for the German steelmaker as it tries to sell the money-losing mill, Reuters reports.
The investigation centers on allegations that CSA was improperly awarded an operating license for the facility about two years ago, and could result in a series of lawsuits against the company, Leonardo Kataoka, a state prosecutor in Rio de Janeiro, told Reuters in an interview.
CSA, formally known as Companhia Siderúrgica do Atlántico SA, is already facing two separate lawsuits over alleged pollution offenses that took place in December 2010. And last week, the city of Rio de Janeiro ordered CSA to halt operations, alleging it does not have an operating license.
ThyssenKrupp said this week that the mill is still operating and that it had provided all the necessary documents to renew its operating license…
