24 June 2010
South Korea’s Posco announced yesterday in a statement that it was no longer carrying out negotiations to purchase a controlling stake in Ukraine’s Zaporizhstal (UX: ZPST UK). A 96.7% stake in Zaporizhstal has reportedly been shopped around for several months; besides Posco, Metinvest, ArcelorMittal and Severstal have been rumored to be interested in the Ukrainian steel mill.