Arcelor, POSCO may cooperate with OYAK
Luxembourg-based steelmaker Arcelor and South
Korea's POSCO expressed their interest in a partnership with
Turkey's OYAK (Turkish Armed Forces Pension Fund), which recently won the auction held for the sale of a 46.12 percent stake in
Turkey's largest steel producer,
Erdemir.
After winning the tender, OYAK announced that it was open to working together with a partner to operate the mill.
POSCO, which had pre-qualified for the tender, withdrew before the final bidding. Arcelor attended the final bidding but pulled out during the first round.