Article Abstract:
British Steel is likely to face a drop in demand for the half year from Sep 1995. The company is unlikely to be able to raise prices prior to Mar 1996. A dividend increase has pushed up British Steel's share price. The company's profit is forecast at 1.09 billion pounds sterling for full-year 1995-1996 by Panmure Gordon. A new steel plant in Tuscaloosa, Alabama, will be on-line from 1996, though the industry's cycle could have reached its peak by then.
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Article Abstract:
Thyssen has reduced its dividend and aims to streamline the group. The new core of Thyssen will include auto parts, flat steel, production systes, elevators and production materials trading. The group is assessing other activities such as logistics, telecoms and real estate. The group has been affected by a drop in steel prices in 2nd half 1996 though the situation should improve in 1997. Restructuring Thyssen could take time and may be expensive.
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Article Abstract:
The performance of VA Stahl is examined in detail. The company could attract a bidder, though stocks are illiquid.
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