Severstal may bid for Krivorozhstal
According to recent news in the market, Russian steel maker
Severstal is in preparation of submitting a bid for Ukrainian steel maker Krivorozhstal.
As previously reported by SteelOrbis, sale of Krivorozhstal in 2004 was confirmed by State Property Fund.
Severstal also bid for Rouge Steel last week and accepted, however its bid previously submitted for Dunaferr failed.
Krivorozhstal is a producer, which meets 20% of Ukrainian total steel
production.
Severstal may bid for Krivorozhstal, however according to some sources
Severstal will probably fail, as Russian and Ukrainian producers are rivals. Accordingly, it is stated that the winner of the sale will more probably be one of
Ukraine's financial-industrial groups.