talbot overhang sold, page-6

CSN had a big tilt at Corus, but were outbid by TATA.

Now this is interesting as both TATA and CSN own part of RIV, haha great stuff.

Benny is a smart operator, and has cleaned up CSN from the early days, when he took over CSN from the Brazilian Govt.
Good move by RIV. He comes from a filth rich textile family, and has been one of the big winners in the current Brazilian economic boom.

The Brazilian govt is pushing all iron ore exporters to invest in local steel mills to value add to straight mineral exports. They have been pushing VALE hard. (see ThyssenKrupp jv with VALE: http://www.thyssenkrupp.com/en/suedamerika/brasilien/index.html)

It will be interesting to see what development plans CSN have in Brazil.

Cheers, Skip