World steel industry ranked second and third place, two major Japanese steel giant Nippon Steel and Nippon Steel Engineering (JFE) to submit quotations for the joint bid for the Brazilian national ferrous metallurgy companies (CSN)'s Namisa iron ore, glue stick China Sha Steel also involved in the mining company's bid to change the international large group of other iron and steel also attract the participation of this bid, the offer will be over 10 billion U.S. dollars (equivalent to EUR 6.7 billion).
With the raw materials, especially iron ore prices soaring,glue gun the world's major steel group began working to upstream mining industry, Mittal Arcelor Group in the acquisition of a very long time before this as a strategic objective. Ranked fourth in the world of South Korea's Posco are also considering investing in iron ore, and investment in Ukraine's steel and ports. Arcelor before the alliance's company will invest the coal industry, offer 1.3 billion acquisition of U.S. coal company PBS, PBS and Penfold be merged, then Russia will become the Group's mining companies. Baosteel, Anshan Iron and Steel, Shougang Group, CITIC Pacific and China Steel and other Chinese steel companies are also actively mining companies in overseas acquisitions.