Business Services Industry
Steelmaker may be a target, says Adams.
Australasian Business Intelligence, May, 2007
Byline: Andrew Trounson
May 15, 2007 (The Australian - ABIX via COMTEX) -- BlueScope Steel CEO Kirby Adams believes that Australian steel producers may need to merge in order to compete with bigger international rivals. There have been several major acquisitions in the global steel industry in recent years, including the $US44bn merger of Arcelor and Mittal, and Adams says BlueScope could also be acquired in a new wave of consolidation. Adams will stand down in October 2007, and his successor is likely to be announced in August.
Publication Date: 16 May 2007 ...
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