Steel spending spree continues

摘要

ARCELORMITTAL,the world's largest steelmaker,is in the middle of a multi-billion dollar spending spree that will further consolidate the global steel industry.Over the past month alone,the India-based company has revealed it is buying a structural steel maker in the US,negotiating the acquisition of a major high-tech steel supplier in Germany,expanding its stake in a Turkish steel maker,possibly buying out a struggling steel plant in Bulgaria and investing billions of dollars in its existing operations in Kazakhstan.