Arcelor keeps silent on BlueScope bid
Luxembourg-based steel producer Arcelor has declined to comment on the speculations that the company may bid for Australian steel producer BlueScope Steel.
The Australian company is stated to be worth A$6.6 billion ($5 billion).
Moreover certain analysts claim that Arcelor is unlikely to bid for BlueScope Steel, as the company focuses on
automotive steel
production, whereas BlueScope focuses on
construction steel
production.