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    Market Segment

    October 30, 2013

    One Mill's Attempt to Move the Flat Rolled Steel Market

    Written by John Packard

    There were just too many “Breaking News” articles flying around the steel industry on Tuesday. By the end of the day the market was in a tizzy and my phone wouldn’t stop ringing (the phone part is good news – I like to both talk and listen). One breaking news article caught our attention because it contained an attempt to influence the market through the use of a non-memo. I will explain…

    Everybody wants to be the first to announce the new buyer of ThyssenKrupp Steel Americas. Something tells me it will be ThyssenKrupp AG that makes the announcement – and that won’t be done until they have finalized the deal. We can speculate and discuss rumors until we are blue in the face but, until ThyssenKrupp AG says the deal is signed then we should hold back on pushing panic buttons.

    John Packard

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