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European Metals Market Filled with Caution and Short on Credit
JOHANNESBURG --November 7, 2008--Researched by Industrial Info Resources (Sugar Land, Texas)--In the first week of October at the annual congress of the World Steel Association (Brussels, Belgium) in Washington, D.C., Karl-Ulrich Kohler, Executive Board Chairman of ThyssenKrupp Steel AG (Duisburg, Germany), a subsidiary of ThyssenKrupp AG (FRA:TKA) (Dusseldorf, Germany), expressed confidence that emerging markets would keep the steel boom alive, even as economic growth slowed. At the same time, the International Herald Tribune cited a report of the Credit Suisse Group (NYSE:CS) (Zurich, Switzerland) that stated, "Steel equities are pricing in a total collapse in the steel price ... the August-September performance has so far been the worst in 35 years."
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Industry Segment: Metals & Minerals
Word Count: 995 Words
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