Nucor Corp's proposed acquisition of Trico Steel, which it announced on November 21, would mark the US industry's first major ownership realignment so far in this financial crisis. Significantly, it has started in the more dynamic mini-mill sector than among the integrated mills.The takeover would also mean added competition for existing mills in the southeast, along with the revival of a feedstock source for a former Trico customer. "This is a perfect example of the strong getting stronger at the expense of the weak," declared Aldo Mazzafeero, who follows the industry for Goldman Sachs in New York. He toted Nucor's acquisition of the hot rolled coil producer would add at least 2m tpy to Nucor's capacity of 13m.
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