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CHARLOTTE, N.C. (AP) - Steel products maker Nucor Corp. offered $1.07 billion Tuesday in cash for Canada's Harris Steel Group Inc., the latest in a string of acquisitions for the steelmaker and in the quickly consolidating industry.
"Basically we have seen ongoing consolidation over the past several years, and really the expectations are to see that continuing as we go forward," said Nancy Gravatt, spokeswoman for the American Iron and Steel Institute, a Washington-based trade organization that represents more than 30 U.S. steel companies, including Charlotte, N.C.-based Nucor.
"Resulting is a smaller but healthier group of companies," she said.
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