Metals Update: Third Quarter 2012
Deloitte Corporate Finance LLC
This quarter’s Metals Update, produced by Deloitte Corporate Finance LLC (DCF), summarizes the most recent transactions within this industry along with information on the most active buyers, current transaction valuation multiples and an overview of the public market’s perception of the industry.
- Global steel conditions remain challenging due to global economic uncertainty.
- Increased level of cash balances coupled with consolidation pressures to compete on a global scale should help to spur metals M&A activity in the future.
- Although demand is forecasted to increase, production capacity in the industry continues to outpace demand at a seemingly unsustainable rate.
To read more, download the Metals Update.