The steel industry has been very fragmented (in Europe)...and the automobile and packing industries have been exploiting that.
It's positive for the industry as a whole that we will have consolidation and more discipline on production. On a global basis this is going to be a very strong price setter.
That will put pressure on other producers for some kind of (merger) action.
The industry has suffered from fragmentation for a long time. The new company will have pricing power over customers and raw material suppliers.
