Brazilian CSN increased its proposal for American assets Thyssenkrupp AG

CIA Siderurgica Nacional SA (CSN) - the largest Brazilian metallurgical company updated its application for American assets of German Thyssenkrupp AG. It is reported by Reuters.

As previously reported, CSN offered for a metallurgical plant in Alabam (USA) and 73 percent of shares in the Brazilian steel plant CSA 3 billion 800 million dollars. This proposal was skeptically appreciated at Thyssenkrupp AG, which said that the construction of these assets alone cost more than $ 12 billion.

Meanwhile, in the CSN they seriously intend to redeem unprofitable assets from the Germans. The company's management is conducting active negotiations with the Vale SA group (owning 27 percent of the shares of the CSA plant) and the BNDES Brazil State Bank. The aforementioned structures are proposed to enter into a share for organizing the purchase of ThyssenkrupP factories.

As suggested in Reuters, the Central Government of Brazil is also interested in the assets to go to the national company.

Companhia Siderurgica Nacional (CSN) is the largest manufacturer of steel and metal rolling in Brazil. The annual power of steel smelting is about 60 million tons. CSN produces a wide range of steel products, including slabs, a hot -rolled and cold -rolled sheet galvanized and covered with a fingers of metal products. The company's metal supply is used in the automobile, construction industry and in the production of household appliances.