Reuters reported that Brazilian steelmaker CSN, or Cia Siderúrgica Nacional SA, has resubmitted a bid for assets belonging to Germany's ThyssenKrupp AG.
Recently, CSN offered USD 3.8 billion for ThyssenKrupp's Steel Americas, which is comprised of a slab processing plant in the US state of Alabama and a 73% stake in Brazilian slab-making mill CSA.
Mining group Vale SA holds the remaining 27% stake in CSA.
Vale and Brazil's state run development bank BNDES have been involved in the negotiations, the source said on condition of anonymity, without giving further details of the latest offer.
Meanwhile, CSN has been looking for ways to make BNDES a partner in the acquisition, Reuters has reported recently. There has been speculation for months that Brazil's government would support a deal.
Tags: A283GrC steel, A283GrB steel, A283GrA steel
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