11
Apr
20:03
Essar Steel seen requiring BF investment following acquisition
ArcelorMittal would gain exposure to the fast-growing Indian market through an acquisition of Essar Steel. However, Essar is a relatively high-cost producer that is likely to require substantial investment to improve operating efficiency and make higher production volumes cost effective, according to Fitch and CRU.
India is forecast to be the largest contributor to growth in global steel demand over the next 20 years. India's steel intensity is just 61kg per…
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Anonymous
Very good overview of the weekly steel market.
Anonymous