So far, it doesn't seem to be a problem for us. The wheels of consolidation already have begun turning. German steelmakers Thyssen AG and Krupp AG merged to create the world's fifth largest steelmaker. The line will process 400,000 annual tons of galvanized and galvannealed for exposed auto panels. But U.S. steelmakers have worries besides getting more auto business.
Imports are on a pace to beat the record set last year.
Prices are softening. Some fear the U.S. economy may finally be slowing. Then you end up with companies looking to merge to enhance their survivability rather than worrying about being more suited to serve a consolidated automobile market. Return to New Steel home page.