Steel Mills
December 1, 2013
TK USA Purchase – Next Stop the Justice Department
Written by John Packard
Steel Market Update spoke with steel analyst Charles Bradford of Bradford Research about the purchase of the ThyssenKrupp Steel USA assets by the ArcelorMittal/Nippon Steel & Sumitomo Metals Corporation joint venture. We wanted to understand the economics of the purchase as well as what will happen next prior to the closing of the deal.
“ArcelorMittal was the only possible buyer,” he told us in a phone conversation held earlier today. Mr. Bradford told us that ArcelorMittal was the only mill that had the excess slab supply needed to feed the Alabama facility.
