New boss higher share price.
Will it last?
New French guy wants to put Dutch deal back on.
What has he got up his sleeve?

http://www.polskishop.com/25_04_03.htm

STOCKSURGERY
www.polskishop.com

http://www.scotlandonsunday.co.uk/business.cfm?id=634012003

Thanks from a Dutch corus believer :-)

Lisette

In case you have not noticed four top financial institutions have 'positive upgrades' for CORUS. These are mostly buys: Goldman Sachs, UBS, Deustche and Morgan Stanley. Price rise to 40pence. I can see the price rise when the new shares are issued. Another top news is that Mr Bush may lift the ban for steel as early as today in a visit to Pennsylvania - The steel heartland in the USA.

More news below

03Dec2003 Corus blows horn for steel futures

PARIS, Dec 3 (Reuters) - Anglo-Dutch steelmaker Corus gave strong backing on Wednesday to moves to introduce futures trading in steel, which it said was long overdue and would smooth out volatility.
"Steel is the last globally significant commodity without an established futures contract and the returns of most participants in the (steel) supply chain suggest it is not benefiting from this," said Steve Randall, Director of Strategy at Corus Group UK.
He told a metals industry conference that introduction of steel futures on the London Metal Exchange (LME), which is studying the proposal, would bring a broad range of benefits to the industry, including reduced earnings volatility and increased shareholder value.
He acknowledged there was some resistance, but said many industry players were in favour of the move, despite some signs to the contrary.
"Protesters tend to shout the loudest, but there are a lot of people out there sitting on the fence or in favour (of steel futures)," he said during Metal Bulletin Event's Steel Futures Seminar in Paris.
Corus is one of the first steel producers to have come out in favour of the introduction of steel futures, whilst many of its steel-manufacturing peers have been less than enthusiastic
"The steel industry is a bit worried it will be taken to the cleaners (over steel futures)," Randall said.
"...This is not just producers -- there are wide, diverging views across the whole supply chain and this stems largely from different levels of knowledge and experience, some areas of confusion and misunderstanding and different appetites for change.
"But I think that now there is not a long way to go in terms of convincing the steel community," he added.
After many months of extensive steel industry consultation, the LME expects to launch a steel futures contract by October 2004, providing a much-needed price-risk mitigation tool for the 900-million-tonne-a-year industry.
The LME currently trades copper, aluminium, zinc, nickel, tin, lead and aluminium alloy.
A typical concern of steel market participants is that futures would take pricing out of the control of the steel market and depress prices to the level of the lowest cost suppliers, Randall said.
He said the current marketplace puts the power in the hands of major customers and puts most of the risk on the head of the weaker players.
"But with a futures market, basis prices represent a consensus of all industry, trading and financial market participants...The only real distortion of prices would be if the futures contract liquidity was low," he said.
In the long term, steel futures would likely accelerate the re-structuring of the industry and its supply chain and increase consolidation as well as development in low-cost economies, he added.
"Ultimately, this is where the (steel) industry is headed, but this (steel futures) will accelerate it."

Corus is 5% down but after the new shares are issued they will go up... predicton up to 40 pence. At least 77% subscribed to their shares. the rest wil be taken by institutions. Also Mr Bush yesterday abolished steel tariff on foreigh import. So we will see a surge. Thanks