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To buy or not to buy? The sale of Severstal-Lucchini
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Report summary
Cash-strapped potential bidders have remained cautious of Europe's excess capacity and Italy's sluggish demand growth, and the bids for the Italian assets were few. However, most assets attracted bids, as knock-off prices offered investment opportunities in the know-how of European steelmaking and Italy provides a foothold in a finally recovering European, if not Italian, market.
Table of contents
- Executive summary
-
Piombino's sale: buying into Europe's finished products and markets
- JSW bids for the hot rolling mills
- but can they work without the BF?
- ArcelorMittal's conspicuous absence
- Integration will remain important
-
Servola's sale: supplies and logistics
- Arvedi: securing raw materials supplies
- Conclusions
Tables and charts
This report includes 6 images and tables including:
- Italian crude steel production
- To buy or not to buy? The sale of Severstal-Lucchini: Table 1
- EAF prevalence will strengthen in Italy...
- ...maintaining high pig iron and scrap imports
- JSW acquires product lines that it lacks in India...
- ...as well as a foothold in strong European markets
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