It feels like SID is going to win the Thyssenkrup bid, which I guess the market is interpreting as bad news.
It would pile on more debt and costs but may be a shrewd move longer term. The big question is how well it can hang on shorter term to reap the rewards in the long run assuming it wins the bid.
I think its a smart move as it gives SID access to the America's. In case you haven't noticed has been on a terror. In time They will have Ore and Steel. Considering there position they have to do something and this just might be the fit. This stock is dirt cheap.