ThyssenKrupp may buy other assets

ThyssenKrupp AG, after bowing out of the bidding for Canadian steel producer Dofasco Inc., may seek to acquire other companies in North America to expand outside Europe, analysts said. ThyssenKrupp said it will focus on its USD 2 billion plant in Brazil, which it plans to build by 2008 to supply its mills in Europe and North America with low-cost steel slabs.

Previous articleThyssenKrupp quits Dofasco bidding race
Next articleGTAW Narrow gap welding
Stainless Steel World Publisher
Stainless Steel World is part of The KCI Media Group, a group of companies focused on building and sustaining global communities in the flow control industries. We publish news on a daily basis and connect business-to-business professionals through our online communities, publications, conferences and exhibitions.