It's positive for the industry as a whole that we will have consolidation and more discipline on production. On a global basis this is going to be a very strong price setter. |
That will put pressure on other producers for some kind of (merger) action. |
The industry has suffered from fragmentation for a long time. The new company will have pricing power over customers and raw material suppliers. |
The steel industry has been very fragmented (in Europe)...and the automobile and packing industries have been exploiting that. |