Higher prices not a sure bet despite steel mergers

Newswire

By Michael Shields FRANKFURT, Jan 31 (Reuters) - Construction firms, carmakers and manufacturers of household appliances don't have to worry -- yet -- that consolidation among steel producers will lock in higher prices for the metal, industry analysts said on Tuesday. Lots more merger activity would have to follow a successful bid by global market leader Mittal for number two Arcelor before steel prices escape the boom-or-bust cycle, they say, even though volatility is already becoming ...

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