Archive for January 30th, 2007
Battle for Corus starting soon
A head-to-head bid battle for former British Steel firm Corus is due to get under way at 4.30pm (GMT) today.
The £5 billion auction – set to involve Brazilian firm CSN and India’s Tata Steel – has been established by the UK’s Takeover Panel and will consist of up to nine bidding rounds.
The winner is expected [...]
Posted: January 30th, 2007 under Steel Comment.
Comments: none
MEPS Reporting American and EU flat products under price pressure
The US market is slow. Service centre inventories are unlikely to be fully adjusted until the end of the first quarter at the earliest. Transaction prices for a number of products continue to slide. High levels of imports, ordered earlier in the year, have contributed to the oversupply, despite strict production discipline by the major [...]
Posted: January 30th, 2007 under Steel Prices.
Comments: none