SECTOR: METAL & MINING
THE NEW BULLION
Indian steel comp
anies need to embrace the consolidation wave
It seems that the Indian steel industry is attracting global steel behemoths like bees to honey. With the mega Arcelor-Mittal deal going through, the sector is engulfed in the mood for consolidation. Furthermore, with industry leader Arcelor-Mittal and Korean giant Posco announcing elephantine investments to the tune of $6.5 billion and $12 billion, respectively, in India, trepidations of becoming a possible prey for these takeover artistes are already being felt in the knees of Indian steel moguls. In view of recent developments in the sector, Indian players are clearly rolling their sleeves up. Ratan Tata, Chairman, Tata Steel, said in a statement to shareholders recently, “In recent years, steel was regarded as a ‘sunset’ industry and a value destroyer worldwide.
For Complete IIPM - Article, Click on IIPM-Editorial Link
Source:- IIPM-Business and Economy, Initiative:- Prof. Arindam Chaudhuri - 2006
Indian steel comp
anies need to embrace the consolidation waveIt seems that the Indian steel industry is attracting global steel behemoths like bees to honey. With the mega Arcelor-Mittal deal going through, the sector is engulfed in the mood for consolidation. Furthermore, with industry leader Arcelor-Mittal and Korean giant Posco announcing elephantine investments to the tune of $6.5 billion and $12 billion, respectively, in India, trepidations of becoming a possible prey for these takeover artistes are already being felt in the knees of Indian steel moguls. In view of recent developments in the sector, Indian players are clearly rolling their sleeves up. Ratan Tata, Chairman, Tata Steel, said in a statement to shareholders recently, “In recent years, steel was regarded as a ‘sunset’ industry and a value destroyer worldwide.
For Complete IIPM - Article, Click on IIPM-Editorial Link
Source:- IIPM-Business and Economy, Initiative:- Prof. Arindam Chaudhuri - 2006
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posted by Pankaj @ 10:31 PM
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