Severstal considers Lusosider and Bamesa
Market sources report SteelOrbis that the Russian producer
Severstal is interested in a take over of Lusosider, one of the plants listed for divesting process by Arcelor scheduled to be completed throughout Q4. Lusosider is a steel service center located in
Portugal some shares of which are held by Arcelor via its merger Usinor.
Sources from the market also confirm SteelOrbis
Severstal's interest in a purchase of Barcelonesa de Metals SA (Bamesa), another steel service center based in
Spain. Usinor is currently holding a 30% of shares of Bamesa.
Bamesa is in posession of about seven service centers in
Spain and
Portugal. It also has one located in Orhangazi,
Turkey.