May 13, 2008
Severstal recently closed its acquisition of the Sparrow’s Point mill owned by ArcelorMittal. The price paid by Severstal, $810 million, works out to just over $200 per ton of installed steel making capacity. This is well below what assets have been selling for in North America. As can be seen in the graph below, the […]
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January 9, 2008
Goldman Sachs reported today that it believes the US economy will suffer a recession in 2008, and Goldman is not alone. It seems everyone is worried about the impact of the credit crunch and high energy costs on US consumers. So, what might a recession mean for shipments by steel producers in the US in 2008? There is clearly […]
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