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World’s Second Steelmaker Created though Nippon Steel and Sumitomo Fusion

Japanese steelmaker Nippon Steel Corp might acquire Sumitomo Metal industries in order to merge the two companies in a sole one that would be the world’s second largest steel making…

February 7, 2011Comments Off on World’s Second Steelmaker Created though Nippon Steel and Sumitomo FusionRead More

Cliffs Gets Toehold in Asia after Successful Consolidated Purchase

The diversification strategy of Cliffs Natural Resources got a boost after it paid more than $4 billion to successfully purchase Canada’s Consolidated Thompson. The US based mining company has been…

January 15, 2011Comments Off on Cliffs Gets Toehold in Asia after Successful Consolidated PurchaseRead More