Brazilian steel and iron ore producer Cia. Siderúrgica
Nacional SA (CSN) hasnt made any binding bid for
ThyssenKrupp Cia. Siderúrgica do Atlânticos
(CSAs) slab plant in Rio de Janeiro state, a senior
company executive said.
"So far, CSN has not made a
binding offer for the assets of ThyssenKrupp (CSA)," investor
relations executive officer David Salama told analysts during
an April 1 conference call, emphasizing that CSN is
"conservative in terms of acquisitions." He declined to comment
Responding to queries by
São Paulo stock exchange Bovespa after the Wall
Street Journal reported that CSN offered $3.8 billion for
both ThyssenKrupp CSA and ThyssenKrupps rolling mill in
Calvert, Ala., the company said at the end of January that it
was committed to making "the market aware of any binding act
which demands the publication of a material fact" (
amm.com, Jan. 22).
ThyssenKrupp said last May that it was considering
"strategic options" for its Steel Americas operations in Brazil
and the United States, including a partnership or the sale of
such plants (
amm.com, May 15).
A version of this article was
first published by AMM sister publication Steel First.