A rather mediocre year for North American steel industry

Dec 31, 2012 | 07:00 PM | Thomas C. Graham

Tags  Parting Shots, ThyssenKrupp AG, RG Steel LLC, ArcelorMittal SA, U.S. Steel Corp., Outokumpu Oyji, Thyssekrupp Stainless USA LLC, AK Steel Thomas C. Graham

Last year will go into the record books as a mediocre one for most North American steel companies.

Among the more significant developments, the radical course change by Germany’s ThyssenKrupp AG, which led to its planned sale of the huge Brazil/U.S. venture, will stand out, and the bankruptcy and dissolution of RG Steel LLC also was a landmark event, ending with the sale of three steel plants to what are essentially liquidators.

Elsewhere, Luxembourg-based ArcelorMittal SA was confronted by a threatened nationalization when it tried to shut down its Florange, France, steel plant; U.S. Steel Corp., Pittsburgh, handed over its steel plant in Serbia to the government for $1, and signaled its intention to withdraw from Slovakia; and Chinese steel capacity growth moderated.....

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