Arcelor (leader in the global steel industry) said it is still interested in Ukraine's Krivorozhstal after the government announced the launch of the privatisation for the country's leading steel producer, Forbes informed.

"In 2004, Arcelor said it that it was interested in Krivorozhstal during the original privatisation process. The group is still interested today," said an Arcelor spokesman.

The original attempt to sell-off the steel company was aborted in the midst of political turmoil surrounding the 'Orange revolution' which swept President Viktor Yushchenko to power.

Yesterday the process was reopened, with bids above 2 bln usd accepted until Oct 17. Officials said the sales of the 93.02 pct stake in the company will partly take the form of an auction, with bidders able to raise their initial offers once the results of the first round are announced.

Earlier today, Spanish daily La Gaceta de los Negocios reported that Arcelor had launched a bid for the Ukrainian group along with five other companies.

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