Thursday, July 06, 2006

Stock consolidation in the Steel industry

In the wake of the successful Mittal “takeover” Arcelor we have seen a recent flurry of major steel manufacturers consolidating their own stockholdings. Thyssenkrupp,  Nippon and now Tata steels have increased or are about to increase the shares they hold in their companies. This will presumably make them less vulnerable as targets for other steel companies on the acquisition trail.

It’s proving an interesting year in the global steel industry

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