Merger and acquisition activity is rarely very exciting—larger companies snapping up smaller companies or competitors to expand their reach or negotiations between two companies during times of financial trouble is nothing new, especially in the steel industry.
This certainly has been a difficult year for most industries and the steel sector is no exception. The first half of 2011 seemed to prove you right and I was about to eat my words, but the second half of the year unfortunately proved me right. I must admit that sometimes I hate to be right, but so be it. The economies in the US and in Europe positively buckled under the debt load and a lot of other economies have either stalled or are on the verge of doing so.
It happens every January (or for the past couple Januarys, at least)—not long after the New Year’s champagne is finished off and the confetti is swept away, members of the steel industry start to wonder if this year will finally be it. In early 2010, the prevalent hope was that things wouldn’t get any worse. […]
For the most part, positivity overflowed at the 6th annual SteelOrbis Turkish Steel Market Conference in Istanbul on November 18, 2011, which kicked off with a presentation by Dr. Veysel Yayan, General Secretary of the Turkish Iron and Steel Producers’ Association.
What a difference a little networking can make. The attitude of attendees going into the SteelOrbis & IREPAS Fall Conference this September was overwhelmingly pessimistic, but after a few days, a few presentations, a few drinks and a few laughs, the sentiment changed drastically, and steel industry players left St. Petersburg with a smile on […]
Steel fabrication has come a long way from the forges of medieval blacksmiths. While some steel-related sectors still have stuck to their basic historical roots (iron ore is still melted and mixed with carbon to form steel, even though the furnaces have vastly improved), the industrial revolution, the technology boom, and the blending of computer […]
Wherever you look, you’ll see crisis after crisis. Economies in Europe and the US are stalling and some are even on the brink of another downturn. Add to that the enormous amount of debt burdening the US and the Eurozone and you can easily see that the next economic meltdown is just around the corner.
Long steel market players from around the world gathered in St. Petersburg, Russia September 25-27 for the SteelOrbis & IREPAS Conference and agreed that aside from a few regional exceptions, the outlook for steel around the globe is surprisingly favorable.