he one word to describe the present and future of global steel industry is consolidation says investor wilbur ross in 2004 his firm wl & co llc sold international group mittal nv mt which calls itself world s leading producer for a reported 4 5 billion consequence globalization both within across borders notes current direction correct there long way go fact according iron institute iisi 10 largest steelmakers still account less than 30 percent market further crucial achieving sustainable growth daniel r dimicco ceo nucor corp nue indeed earlier this year announced an offer worth over 22 luxembourg based arcelor sa no 2 merger would accelerate shift toward create value shareholders overcapacity china undervaluation its currency also remain urgent issues ipsco inc ips david sutherland going
