BRIEF-Break up of Usiminas possible, no negotiations yet -Nippon

martes 5 de julio de 2016 13:26 GYT
 

July 5 (Reuters) -

* CEO of Nippon Steel & Sumitomo Metal in Brazil, Yoichi Furuta, says break up of Brazilian steelmaker Usiminas is possible, but no negotiations yet underway

* Nippon Steel is a controlling shareholder of Usiminas, but has been at loggerheads for two years with fellow controlling shareholder Ternium

* Usiminas is looking at cutting more jobs, Nippon Steel CEO in Brazil said

* Nippon Steel Brazil CEO says does not expect a recovery in Brazilian steel market in short term

* Nippon Steel Brazil CEO says CSN could interfere negatively with Usiminas

* CSN is a shareholder in Usiminas, but outside the controlling bloc Further company coverage: (Reporting By Alberto Alerigi)