Ispat and LNM submit bid for BH Steel

Ispat and LNM submit bid for BH Steel

Bosnia government, being in intention of selling 51% stake in steel producer BH Steel, which is a joint venture between Bosnia and Kuwaiti, is reported to have only received bid from Anglo-Dutch LNM Group and Indian Ispat Group. Australian Voestalpine is also stated to have submitted offer for BH Steel, not formally though. As previously reported by SteelOrbis, LNM announced that it may submit bid for BH Steel initially back in October 2003.