ofMittalSteel gave a speech, among which quoted;
“For the first time in the history of the steelindustry we have been able to sustain value in an over-supply environment by temporarily cutting production. This is a major step change in the way the industry is behaving and is largely due to consolidation.”
The quote clearly implies thatMittal will continue its M&A strategy as long as it
was a privatization. Before then, POSCO was a government-owned company. But because of financial crisis of Korea, the government started to sell its stock of POSCO as an expedient for introducing foreign capital. The privatization was complete in 2000 and a global professional management system wasintroduced. In 2002, it changed its name to ‘POSCO’ (Pohang Steel Company), which aims to beco
that it was not core business and there was no concrete information about it in the audit report of 2004 because it took under 10% of a corporate asset , it is hard to say that the company had started to apply epoch-making international business strategy.
As we have seen, INI Steel has grown up on the basis of domestic market. Does INI Steel have to continue its growth strategy? By analyzing bot
of long-term survival of the company is growing. Steel market, these companies slowed the rapid growth trend due to declining revenue due to our limited natural resources in raw material procurement to resolve the issue has been the globalization aspect. For example, Mittaland Arcelor as the world market and the strengthening of the things can be. Because of this, for integrated steel companies
in Asia.
․Mega Trends inSteelIndustry
Consolidation became a trend inSteelIndustry. For example, Arcelor, JFE, Nippon increased capacity by M&A.
Also, the sources of competitiveness ofsteelindustry changes from economy of scale and efficiency securing customers in Japan and Korea to Customer Satisfactio