CAP and AZA combine steel businesses for US$484mn to reactivate Huachipato

CAP and AZA agreed to combine their steel businesses in a transaction valued at US$484 million, creating a new company where AZA will hold 85%, to reactivate steel production at the Huachipato plant in Chile with green steel plans using electric arc furnaces.

“It will reactivate the region's economy, where 10% of men are unemployed and almost 12% of women are unemployed, which is a lot for an industrial area.”bnamericas.com

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• bnamericas.comChile: CAP and AZA agree on business combination for US$484mn to reactivate Huachipato with green steel plans - BNamericasJun 6, 2026

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