| Business

Larger text Larger text Smaller text Smaller text | Order Photo Reprints

Brazilian steelmaker bids for U.S. plants

Email Newsletters

Sign up for one of our email newsletters.

On the Grid

From the shale fields to the cooling towers, Trib Total Media covers the energy industry in Western Pennsylvania and beyond. For the latest news and views on gas, coal, electricity and more, check out On the Grid today.

Daily Photo Galleries

By Cristiane Lucchesi and Blake Schmidt C.2012 Bloomberg News
Saturday, Dec. 1, 2012, 12:01 a.m.

Cia. Siderurgica Nacional SA, Brazil's third-largest steelmaker by output, is offering about $3 billion to buy ThyssenKrupp AG's plants in the Americas, according to people familiar with the matter.

CSN, as the Sao Paulo-based company is known, has made the informal proposal and will participate in the final round of negotiations.

ThyssenKrupp, Germany's biggest steelmaker, first attracted about eight bids. ThyssenKrupp asked parties to resubmit their offers because initial bids were deemed too low.

ThyssenKrupp Chief Executive Officer Heinrich Hiesinger said in August he wants to sell the Americas unit for about $9.1 billion.

Subscribe today! Click here for our subscription offers.



Show commenting policy

Most-Read Stories

  1. Police officer fatally shot in New Florence; suspect in custody
  2. Four downs: Steelers might still be Adams’ best bet
  3. Steelers find success vs. NFC
  4. Thomas Jefferson uses defense, running game to capture WPIAL title
  5. Zatkoff’s, Malkin’s heroics not enough as Oilers down Penguins in shootout
  6. Central Catholic wins 5th WPIAL football title
  7. Aliquippa wins 16th WPIAL title, ends South Fayette’s 44-game winning streak
  8. Woman dies after bleeding on sidewalk outside Carrick pizzeria
  9. Steelers notebook: Brown downplays possible matchup against Seahawks’ Sherman
  10. As historic breakup nears, Alcoa works to redefine its ‘advantage’
  11. Anti-drug agencies find key ally in battling overdoses: Addicts