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Brazil Usiminas Still 'Keenly Interested' In Bidding For Rio Port

DOW JONES NEWSWIRES RIO DE JANEIRO -(Dow Jones)- Brazilian steelmaker Usinas Siderurgicas de Minas Gerais SA (USIM5.BR, USZNY) or Usiminas, said it is still "keenly interested" in participating in the auction for the "Area do Meio" or Middle Area port area that will be put up for auction in the near future in Rio de Janeiro state, southeast Brazil, Usiminas directors said Tuesday. The prospectus for the auction of the port area is expected to be published in the near future by Brazil's federal port authorities, as there are no further impediments to the project, Usiminas directors said during a conference call. Area do Meio, situated at Itaguai on the Atlantic coast, would be used to build an iron-ore port. Usiminas is currently investing in increasing its iron-ore production to 29 million metric tons a year by 2015, part of which it plans to export. The steelmaker currently doesn't have its own iron-ore port and has accords to ship ore via the port which MMX Mineracao e Metalicos SA (MMXM3.BR) is building, also in the Itaguai vicinity. Usiminas may join in a partnership with steelmaker ArcelorMittal (MT) in a bid for the port areas, the companies said last month. -By Diana Kinch, Dow Jones Newswires; 55-21-2586-6086; diana.kinch@dowjones.com

Stock News for Mittal Steel (MT)
DateTimeHeadline
04/02/201412:41:19EUROPE MARKETS: European Stocks Extend Win Streak To Seven Sessions
04/02/201409:11:10EUROPE MARKETS: European Stocks Edge Up After Six-session Win...
03/10/201412:50:09ArcelorMittal Says Ukraine Crisis Hit Steel Demand
03/10/201412:27:31Correction to Story on ArcelorMittal Ukraine Domestic Steel Demand
03/10/201412:18:56ArcelorMittal Says Ukraine Crisis Has Hit Domestic Steel Demand
03/10/201409:57:40ArcelorMittal Reaffirms Targets, Buoyed by Steel Demand in Developed...
02/12/201409:52:53ArcelorMittal, Evrim Sign Mexican Iron Ore Exploration Pact
02/07/201417:15:18ADR Shares End Higher; Gafisa, Statoil Shares Active
02/07/201412:17:26EUROPE MARKETS: European Stocks Move Higher After U.S. Jobs Data
02/07/201405:01:11EUROPE MARKETS: European Stocks Climb Ahead Of U.S. Nonfarm Data
02/07/201404:54:45EUROPE MARKETS: European Stocks Climb Ahead U.S. Nonfarm Data
02/07/201404:51:05ArcelorMittal Expects Slower Growth in Chinese Steel Demand
02/05/201412:18:36EUROPE MARKETS: European Stocks Break Three-day Losing Streak
02/05/201411:19:29EUROPE MARKETS: European Stocks Poised To Break String Of Losses
02/05/201409:46:05EUROPE MARKETS: European Stocks Set To Break Three-day Losing...
01/29/201410:25:25Salzgitter JV Wins Steel Order From South Stream Gas Pipeline
01/21/201408:14:18ArcelorMittal Buys Back Expensive Hybrid Debt
01/16/201403:39:12SKF Gets Order From ArcelorMittal Bremen
12/23/201306:47:25Enel and ArcelorMittal Abandon Romanian Nuclear Project
12/12/201306:18:45South Africa Constitutional Court Backs Kumba Over Sishen Mine

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