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Five suitors are interested in acquiring one or both of ThyssenKrupp's steel mills in Brazil and...

  • Wednesday, October 10, 2012, 9:02 AM ET
    Five suitors are interested in acquiring one or both of ThyssenKrupp's steel mills in Brazil and the U.S. following the first round of bidding for the assets, Die Welt reports. ArcelorMittal (MT) is interested in the steel finishing plant in Alabama, while other potential buyers include Brazil's Vale (VALE), South Korea's Posco (PKX) and Japan's JFE Steel. (previous)
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    Why would anyone build a new mill when such a nice, gently used one is available at a discount? New build = wealth destruction right now.
    10 Oct 2012, 11:00 AM Reply Like
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