LNM will make an offer for Romanian plants
The
Romania's seamless steel
pipe producer Petrotub and
longs producer Siderurgica are up for privatisation, and it seems that LNM will make an offer for the companies.
Deadline for the bidders in the privatisation process of the two companies has been set as August 4, by the
Romania's privatisation agency Apaps. However, LNM stated that they will submit an offer before this date.
Furthermore, LNM already owns Ispat Sidex in
Romania which was acquired in November 2001.
Conares
Trading, part of Russian steel mill
Mechel, also showed an interest on the privatisation of Petrotub. The company also owns two plants in
Romania.