KIEV, Jan. 14 - Metinvest Holding Ltd., the Metinvest Group's managing company, which unites the ore-mining and metallurgical assets ofSystem Capital Management (SCM), is reportedly in talks with Global Steel Holdings on the acquisition of Bulgaria’s Kremikovtsi steel mill.

As the Bulgarian mass media reported, representatives of the steel mill's current owner - Global Steel Holdings, which belongs to India's Mittal brothers, Pramod and Vinod Mittal - held talks with Metinvest's representatives in Austria. According to the reports, Global Steel Holdings has no connections to the world's largest steel producer Arcelor Mittal.