RIO DE JANEIRO, June 26 Brazilian steelmaker
Companhia Siderurgica Nacional said on Thursday it is
participating in a bidding process to acquire U.S. assets of
Russian steelmaker OAO Severstal.
CSN said it is studying the viability of the operations,
hoping to make an indicative acquisition proposal.
Russia's Severstal said earlier this month the sale of its
U.S. business would be an "interesting option" as the steelmaker
looks to increase profitability and reduce its debt.
(Reporting by Stephen Eisenhammer; Editing by Jeffrey Benkoe)