Since 1990s, consolidation has been transforming steel industry across the globe from a fragmented one to a consolidated one. Steel Production in the 21st century is shared among 5 major trading blocs that account for over 85% of production in terms of volume. These include Japan & Korea, China, North America, Europe & Turkey, Russia & Ukraine. Currently, global steel production is above 1bn tonnes and is expected to reach 1.5bn tonnes by 2015-2020. Globally, Arcelor-Mittal group is the largest company followed by Nippon Steel, BaoSteel, JFE Group and POSCO. This book highlights some of the biggest consolidations (Arcelor-Mittal steel, ThyssenKrupp AG-Dofasco Inc.) of the global steel industry. Along with the consolidations, this book also highlights the globalization of Indian steel players. Tata Steel, tagged as the second largest steel company of India for a long time, marked its footprint in the overseas market by acquiring NatSteel (Singapore), Millennium Steel (Australia) and Corus (UK). In the domestic market also, the global logic of consolidation (capacity expansion, increasing marketshare, bargaining power, access to raw-materials and sharing of technical know-how) has followed. In the light of the above, the book “Global Steel Industry: Getting Bigger – Getting Better†has attempted to capture the recent trends and patterns of the global steel industry and different aspects of M&A process.
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