Steel company valuations
We came across a novel method for valuing steel companies this week. According to Steel Guru, steel plants such as Corus Ijmuiden may be valued at $500 – $600 per tonne of capacity. Thus, the Corus Ijmuiden plant in the Netherlands – which has some 7.4 million tonnes of crude steel capacity – is valued at ~$4 billion. These valuations assume debt-free sale of the businesses.
For full article visit SteelGuru.