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World Steel Dynamics finds four themes in 'spectacular year'.

Publication: Metal Center News
Publication Date: 01-JUL-06 		Format: Online
Delivery: Immediate Online Access
Full Article Title: World Steel Dynamics finds four themes in 'spectacular year'.(BUSINESS TOPICS)

Article Excerpt
IN THE DAYS LEADING up to the spectacular announcement that the world's two largest steel companies had agreed to become one, the top analysts at World Steel Dynamics had already declared that "Steel is Spectacular."

As has become tradition, Peter F. Marcus and Karlis M. Kirsis delivered the opening remarks in tandem at American Metal Market's Steel Success Strategies conference in New York in mid-June. The pair identified four key themes underlying the global steel market in 2006, all of which indicate that the steel industry is strong and getting stronger:

* The steel market is fundamentally improved.

Three key factors provide a steady foundation for steel profits, Marcus and Kirsis said. First, global steel consumption is forecast to grow at a 3 percent clip for the next decade. Second, as many in the steel industry have noted, the ongoing consolidation among steel producers has improved their...

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