TITLE

Steel Companies Have Become Darlings of the Stock Market

AUTHOR(S)
Fish, Peter M.
PUB. DATE
January 2006
SOURCE
Metal Center News;Jan2006, Vol. 46 Issue 1, p6
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
This article focuses on the impact of steel companies on the stock market in the U.S. Today steel companies are becoming the subject of bidding battle between rivals anxious to grab their business and assets. However, recent mergers of steel companies have been agreed deals, not contested takeovers. Steel company mergers were usually based on finding cost cuts and synergies. Now, steel companies have witnessed various changes. Some companies are including Dofasco Inc. in their expansion plans. Thyssen-Krupp NA and Arcelor SA are both planning to raise their production of slabs in Brazil, and they need Dofasco as a captive consumer.
ACCESSION #
19780331

 

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