FRANKFURT: ThyssenKrupp said its steel mill in Brazil, which is up for sale, is still running after the municipality of Rio de Janeiro ordered it to halt operations.
"Operations have not stopped and are continuing," a spokesman for the company said on Friday.
Rio de Janeiro, Brazil's second-largest city, had said ThyssenKrupp's mill called Cia Siderúrgica do Atlántico SA (CSA) did not have an operating licence.
ThyssenKrupp cited communication problems surrounding the application for a licence, which has to be renewed every six months. It said relevant documents have been handed in by now.
According to Rio de Janeiro's official gazette, CSA would incur a daily fine of $281 if it refuses to stop operating.
ThyssenKrupp is trying to sell its ill-fated Steel Americas business, comprising CSA and a steel plant in Alabama, which has cost the company billions of euros.
It wrote down the value of Steel Americas to 3.9 billion euros from 7 billion last month because bids from potential buyers were too low.
CSA, the largest foreign investment project ever in Brazil, is 73 percent-owned by Germany's ThyssenKrupp AG, while Brazil's Vale owns the rest.
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