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Indian steel giant Tata, backs BHP's merger plan with Rio
Clipped to the Drawing Board by Peter Wu  
The world's sixth largest steelmaker, Tata Steel Ltd of India , has backed BHP Billiton's proposed merger with Rio Tinto Ltd, saying it was time for the industry to consolidate.

Tata Steel managing director B. Muthuraman said while there was concern a combined entity could drive up market prices for iron ore, a merger was a necessary outcome.
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Jonno (92) Senior board member | 2007-11-30 15:17:02
funny how the world moves in cycles - a few years ago it was all IT - nobody wanted to be in the old iron ore or coal industries - seen as dead ducks - then what a turn around - I guess that whatever happens in other areas, we still need the basic commodities - well China does - all good for business and work for engineers - but will the bubble burst ?
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Friday 30 November, 2007 08:05 PM
 
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"A good scientist is a person with original ideas. A good engineer is a person who makes a design that works with as few original ideas as possible" - Freeman Dyson