Local media reported that this week and next will be key decisions for the future of Usiminas.

The new shareholder Ternium, a manufacturer of steel Italian Argentine group Techint, is negotiating with the Japanese partners, led by Nippon Steel, the new executive command of the steel and mining management model.

The new president of Usiminas, as well as the chairman, the second will be set and announced on January 16th 2012, same date of the financial closing of the sale of 27.7% of ordinary capital of the steel. The Techint Group, through its subsidiaries, will pay USD 5 billion for actions that were Votorantim and Camargo Correa, the block V/C and the Employees Club CEU.

In December 2011, after signing the purchase intent, a team of over 30 people from Ternium held due diligence in Belo Horizonte of the assets of Usiminas.

As per report, Ternium is negotiating with the Japanese have at least two executives in the high command of Usiminas, besides the new CEO, the chair occupied by Mr Wilson Brumer since April 2010.

(Sourced from www.portogente.com.br)