More steel mergers are likely

April 2 - Purchasing.com - Analysts say industry takeovers have surged—and will continue to—as producers struggle to boost prices and curb surplus inventories. “Had it not been for the consolidation of the last five years, steel prices would not have just fallen recently,” says John Anton, director of Boston-based Global Insight. "They would have absolutely crashed.” Steel prices in February had been at a 17-month low because of a widening slowdown in demand from industrial users. Read More.