Seizing the Moment: Steelmakers' Troubles Create an Opening For an Iron-Ore Giant

Number 18412
Subject Business
Source Wall Street Journal (New York)
State
Year 2001
Publication Date Oct. 17
Summary The Wall Street Journal examines opportunities to buy cheap in a sinking economy. The story focuses on Cleveland business climate, and the steel industry in particular. The article points to acquisitions of cash-strapped companies by other having the money for new operations, but also finds that the risk is high. "Those that have the resources often don;t have the stomach to buy much of anything, regardless of its long-term potential," the Journal reports.
Category General
Pages 3
Keywords Cleveland Cliffs Inc.;Kinder Morgan Energy Partners LP;Air Excellence International;American Greetings;BlueMountain.com;Resurgence Capital;National City Corp.;globalization;LTV;mining;iron ore
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