Sha-steel intends to bid for the Brazilian Iron and Ore Company by 10 billion dollars

After the announcement of the large Brazilian steel and iron producer -Companhia Siderurgica Nacional, hereinafter referred to "CSN") to sale the shares of its iron and ore subsidiary company-Nacional Minerios Sa (hereinafter referred to "Namisa"), there are many well-known Steel enterprises expressed interest, including the largest private steel enterprises in China, Sha-steel.

Yesterday, a number of high-level officers from Sha-steel confirm to "First Financial Daily" that they are indeed involved in the bid for the project; however, because signing a confidentiality agreement with CSN of Brazil, they can not disclose more progress. Foreign reporters said, Russia's second largest iron and steel enterprises-Mark Vaile Iron and Steel Group, Essar of India, the Japanese consortium and the world's largest steel group-Arcelormittal  Group as well as the Iron and Steel Consortium composed by the Baoshan Iron and Steel and Capital Steel all express interest, but the high-level officer of Baoshan Iron and Steel and Capital Steel told our reporter yesterday that they have no idea about this.

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