Brazilian flats steelmaker Usiminas said this week it has offered an Ipatinga asset as a guarantee to creditors.
The company has offered its No. 2 Central Thermal Plant (CTE), located at its Ipatinga mill, in city of same name in the state of Minas Gerais, as a reinforcing guarantee to Brazilian creditors and bondholders.
The company’s board has also approved that the company’s statutory board of directors are allowed to sign all documents needed for the asset to be offered as a guarantee.