Steel - Global Markets

[RichKid]

Mittal Steel takeover of Arcelor:

Most commodities people would know of this, big news in Europe, causing some political tension as well. Something for a hollywood (or bollywood movie) script considering the opulence behind Mittal in particular. A great article and explains something of the steel industry as well, Mittal emphasises the cyclical nature of the steel business. A number of industry 'experts' have been giving evidence on the effects of the consolidation (in other articles, often posted on Kitco).

http://www.time.com/time/europe/magazine/article/0,13005,901060213-1156507-1,00.html

[Lyehopper]

Any of you fellas have an opinion on the steel market? Thanks!

[RichKid]

Any of you fellas have an opinion on the steel market? Thanks!

G'day Lye, long time no see?!
I've merged your post with an existing one a recent takeover and renamed it, hopefully you'll get more responses here. btw, a number of the iron ore threads in this forum have some comments on steel but nothing is up to date from memory. Hopefully someone will post more info here- btw, are you interested in a particular steel product or just generally (eg hot rolled coil, slab products, flat etc).

[noirua]

Mittal Steel takeover of Arcelor:

Most commodities people would know of this, big news in Europe, causing some political tension as well. Something for a hollywood (or bollywood movie) script considering the opulence behind Mittal in particular. A great article and explains something of the steel industry as well, Mittal emphasises the cyclical nature of the steel business. A number of industry 'experts' have been giving evidence on the effects of the consolidation (in other articles, often posted on Kitco).

http://www.time.com/time/europe/magazine/article/0,13005,901060213-1156507-1,00.html
How is the steel industry going at present: http://player.video.news.com.au/theaustralian/#lRkAVW93mmV8U5z7wQ8UwK0QXUHlOBpW

After watching you may wish to spend a moment voting for "Aussie Stock Forums" at http://www.thebull.com.au/the_stockies/forums.html
Or you could vote before watching - thanks a bundle