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European model's not so attractive.

Publication: Metal Center News
Publication Date: 01-MAR-07
Format: Online
Delivery: Immediate Online Access
Full Article Title: European model's not so attractive.(FROM THE EDITOR)

Article Excerpt
ARE STEEL MILLS looking to get back into the distribution business? Speculation on the subject has been widespread of late, but in my view this type of vertical integration makes little sense.

While most mill executives publicly disavow any plans to acquire service centers, Esmark's imminent takeover of Wheeling-Pittsburgh Steel, and apparent interest in Mittal's spinoff of Sparrows Point, continue to fuel the conjecture about such mixed marriages.

The very concept of a distribution company like Esmark acquiring mills...

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