TK Alabama's outlook good, RG's grim: execs
Oct 29, 2012 | 12:36 PM
| Chris Prentice
LAS VEGAS With the construction sector slated for a rebound, steel service center executives said it wont be hard for ThyssenKrupp AG to find a buyer for its Calvert, Ala., steelmaking complexalthough the sales price may not be as high as the German steelmaker would hope.
"We think its going to be operated," Russ Delaney, president of Kloeckner Metals USAs flat-rolled group, said at the Association of Steel Distributors (ASD) fall conference in Las Vegas. "(But) I think ThyssenKrupp is going to take a significant haircut to sell it. Their global direction seems to be to get out of steel (but) someone will buy it and it will be somebody who has the hot metal available."
Keith Busse, cofounder and chairman of Steel Dynamics Inc., agreed that a hot end is crucial for the new operator. "Its not going to work unless ... you buy it really economically and ... youre willing to put a front end on it," he said.....
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