TK Americas deal seen unlikely soon

May 18, 2012 | 12:41 PM | Michael Cowden

Tags  ThyssenKrupp, Charles Bradford, Michelle Applebaum, Bridget Freas, John Anton, Nicholas Tolerico, Nucor, U.S. Steel ArcelorMittal

TORONTO — ThyssenKrupp AG might have to take a big haircut on its Steel Americas operations if it hopes to find a buyer in the near term, analysts and industry observers said.

While a host of potential buyers—both abroad and in the United States—might be interested in either the German steelmaker’s rerolling facility in Alabama or its slab making operations in Brazil, only a few are possible candidates for both, they said.

In the United States, analysts pointed to such potential buyers as U.S. Steel Corp., Pittsburgh; Nucor Corp., Charlotte, N.C.; California Steel Industries Inc. (CSI), Fontana, Calif.; and private equity firms. Overseas, the list included Posco Ltd., Pohang, South Korea; Dongkuk Steel Group, Seoul, South Korea; Baosteel Group Corp. Ltd., Shanghai, China; ArcelorMittal SA and Ternium SA, both in Luxembourg; and Cia. Siderúrgica Nacional (CSN) and Vale SA, both based in Rio de Janeiro, Brazil.....





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