MSCI Panelists Probe Three-Pronged Problem

摘要

Steel production has undergone considerable consolidation on a global basis, but more work must still be done, said Dan DiMicco of Nucor Corp., also current chairman of the American Iron and Steel Institute, Washington, D.C. To date, about 73 merger or acquisition trans-actions have been announced in the metals industry with a total value of 5.9 billion dollars. Upon the successful completion of pending acquisitions, he said, "what you will see at the end of this year is three major steel producers [U.S. Steel, Nucor and ISG] that together will have almost 60 percent market share. That's major consolidation in both long and flat products. Is it enough? The answer is an emphatic no."