embed embed share link link comment comment
Embed This Video close
Share This Video close
bookmark bookmark bookmark bookmark bookmark bookmark bookmark bookmark bookmark bookmark bookmark bookmark
embed test
Rate This Video embed
1 Star2 Stars3 Stars4 Stars5 Stars (No Ratings Yet)
Loading...
Tags For This Video tags
rate rate tags tags related related lights lights

European Steel Is Finally Getting the Deals It Craved for Years

After a decade of waiting, Europe is seeing its second major steel deal in months, which should be good news for a fractured industry suffering from too much supply.

Tata Steel Ltd. and Thyssenkrupp AG’s tentative agreement to merge their European steel businesses will create a clear No. 2 producer in the region, behind ArcelorMittal, which in June agreed a deal to take over the continent’s largest steel plant in Italy. The accords, which will see just two firms control about half of Europe’s steel industry, raise hopes of greater pricing discipline and more consolidation.