ArcelorMittal to buy Brazil steelmaker CSP for $2.2 billion

ArcelorMittal (NYSE: MT) has agreed to buy Brazilian steelmaker Companhia Siderurgica do Pecem (CSP) from Vale (NYSE: VALE) and South Korea’s Dongkuk and Posco for $2.2 billion. The deal gives ArcelorMittal, itself created through one of steel industry’s biggest ever takeovers, CSP’s installed...