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]

Re: Commodities tipped to collapse

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

 

[RichKid]

Re: Commodities tipped to collapse

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

 

[noirua]

Russian steelmaker Evraz was in the spotlight again as it said 10 members of its board had quit following the UK sanction of its largest shareholder Roman Abramovich and the suspension of its shares.

Evraz shares suspended after Abramovich sanctions - CityAM

Shares in mining giant Evraz have dropped 11 per cent, after the government sanctioned major stakeholder Roman Abramovich.

www.cityam.com

The shares have fallen A$13 billion in the last four weeks.

 

[tech/a]

These sanctions are painful
like a cancer they grow silently but
if left unchecked could be terminal.

 

[divs4ever]

no problems Russia will have plenty of surplus steel for toys ... like tanks and submarines an abundance of fuel oil now as well , and less time wasted on those pesky overseas orders ( more time for research and manufacturing )

 

[qldfrog]

no problems Russia will have plenty of surplus steel for toys ... like tanks and submarines an abundance of fuel oil now as well , and less time wasted on those pesky overseas orders ( more time for research and manufacturing )

They are shaking on their boots in Russia as France is blocking sale of perfumes and fashion...
As long as the china pipeline is open,they are ok.
So what is the end result in steel world wide, we swap decent quality russian steel for crappy chinese made one in the west , while China get the good one?

 

[Dona Ferentes]

..

Ranked: The World’s Biggest Steel Producers, by Country

China has dominated global steel production the past few decades, but how did the country get here, and is its production growth over?

www.visualcapitalist.com