Seeking Alpha

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

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)
Comments (1)
  • gausmus
    , contributor
    Comments (110) | Send Message
     
    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
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs