According to report, the Russian second largest steelmaker, Evraz said today that it was now looking for iron ore and steel assets and projects in East Siberia.
The company now interested in acquiring Anglo American’s Scaw Metals Group units, as well as steel distribution business. This year it plans to raise capital spending 44% to US$ 1.2 billion.
Evraz announced last month that it would consider taking 40% stakes in coal company Raspadskaya since the coal price kept rising.
News Date 4/1/2011 2:24:15 PM reported by Judy Lin
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