Would Arcelor-Mittal's Merger Accelerate Merger of the Arab Steel Industry?

摘要

Perhaps the Arab steel Industry Is the least merging at the level of what Is taking place of mergers In the steel industry at the world level. This situation would be Interpreted by the distribution of this industry over more than 60 Arab companies and by the absence of any Arab company among 52 world steel producing companies the production of each of which exceeds five million tons per year, according to the statistics of 2005. Even though the world trend for merging has constituted a driving force for the concentration of this industry at the world level, especially at the time merger of Arcelor - Mittal is approaching its end, due to the fact that the way has become paved for this merger, especially after Arcelor's shareholders have refused merging with Severstal, which will create a big company the production of which exceeds 100 million tons, representing about 10 percent of the total world steel production and making its production three times the level of the production of the company next to it.