Titans of steel pursue the niche players: small specialty firms are ripe for takeovers amid push to expand
Article Abstract:
Mittal Steel Co. announced plans to expand into the petroleum tubular goods market, focusing on oil rig components and high value pipes, and will finish a merger with Arcelor SA later this year. Other steel firms have also announced expansion and acquisition plans.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2007
User Contributions:
Comment about this article or add new information about this topic:
India's Essar Global snags two steel assets in a week
Article Abstract:
Essar Global Ltd. will acquire Minnesota Steel Industries LLC and Canadian steelmaker Algoma Steel Inc., in deals totaling $1.65 bil and $1.6 bil respectively. The acquisitions will bolster the Indian steel company's access to iron ore.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2007
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: The personal quest for building global competence: a taxonomy of self-initiating career path strategies for gaining business experience abroad
- Abstracts: An architect of ideas: Ian Ritchie, never defined by a particular style, has been more popular in the rest of Europe than at home, until now
- Abstracts: Daimler's CEO targets corporate culture in broad revamp. Under Volkswagen's hood: Porsche chief sports-car maker, as largest shareholder, plays role in VW's reorganization
- Abstracts: GM advances in Europe: Detroit auto maker outperforms market with registration rise. GM posts loss of $4.78 billion, vows turnaround
- Abstracts: Repsol downgrades reserves by 25%. Oil firm has little left in reserve: Repsol revival must overcome sagging output, political pressure