Brazilian steelmakers Gerdau and Usiminas have said that they are not interested in bidding for the German steel giant ThyssenKrupp's 73.1 percent stake in Brazil-based slab venture Companhia Siderúrgica do Atlântico (CSA), according to media reports.
While the flat steel producer Usiminas, which is carrying out a R$14 billion ($6.84 billion) expansion, said that they are not considering the purchase of all or part of CSA, Gerdau is focusing on its own projects. However, there is a general belief that the mill might attract foreign investors, if not the Brazil-based steelmakers.
ThyssenKrupp stated last week that it is seeking a partner or buyer for its stake in CSA and a sister mill in the southern US.