Why would Marcegaglia have wanted to buy Corus recently when now it apparently has no use for its products?
It really looks to me like... either they (Corus and/or the consortium are trying to get money out of the government)... or Marcegaglia is looking to purchase on more favourable terms... or perhaps its about softening the unions.
I put the chances of mothballing the plant as low. But of course you should make up your own mind because I have no idea.
BBI Price at posting:
10.5¢ Sentiment: LT Buy Disclosure: Held
