28
Aug
11:57
Japanese EAF steelmakers plan merger
Japan’s Tokyo Tekko and Itoh Iron and Steel said on Monday that they are starting talks on merging their businesses. Unlike Japan’s highly-consolidated BOF steelmaking sector, there are numerous EAFs competing for a limited market amid increasing costs, Kallanish notes.
Tokyo Tekko says the pair have signed a memorandum of understanding on a future merger. The two rebar producers already share a sales unit and other operations, but Tokyo Te…
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Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous