1 MIN. DE LECTURA
BRASILIA, March 11 (Reuters) - Nippon Steel & Sumitomo Metal Corp is ready to inject 1 billion reais ($274.58 million) into Brazilian steelmaker Usinas Siderurgicas de Minas Gerais Sa as part of a capital increase proposal, Usiminas said in a statement on Friday.
The other Usiminas controlling shareholder, Italy's Techint Group, has notified Usiminas about its intention to purchase up to 500 million reais in shares in the capital increase.
$1 = 3.6419 Brazilian reais Reporting by Silvio Cascione