Steel Strip

This week has seen a flurry of activity in the bidding war for Dofasco. Last weekend saw an increased offer from Thyssen Krupp of $68 a share which many thought would bring the matter to an end.
Surprisingly Arcelor responded with a bid of $71 which takes the offer price beyond what most analysts and industry [...]

Latest forecast on Asian Steel Prices from MEPS reported:-

“In the flat products category, we still cannot see any short term solution to the chronic over supply situation in the region. Production cuts have been made in Japan, South Korea and Taiwan. However, more action is needed in China to redress the imbalance between supply and [...]

Steel strip prices are likely to fall during 2006 according to the latest MEPS forecast. EU mills have been unsuccessful in implementing price increases in quarter one, despite production cuts implemented during 2005. The gap between prices in the EU and US compared to prices in Asia continues to widen which will inevitably lead to [...]

FRANKFURT (Reuters) - German industrial conglomerate ThyssenKrupp upped the stakes on Tuesday in its game of poker with rival Arcelor over the purchase of Canadian steelmaker Dofasco
The Duesseldorf-based white knight sweetened its friendly takeover bid for Dofasco to C$63 per share to match Arcelor, which raised its hostile offer to that amount shortly before [...]

The first day back after the holidays is always a shock to the system, and today is proving no exception. I have had a quick search around the various News sites and picked up a couple of interesting items, but in all honesty, my heart is not in it today.
Anyway I would like to take [...]