A company spokesman told the British news agency Reuters that “we don’t comment
on speculation. We have made a bid for the whole of IPSCO, and that process is
underway, and SSAB has the intention of acquiring all of IPSCO.”
Wording of the denial does not address what might happen after the acquisition
is completed. The Swedish business paper estimated that a sale of IPSCO’s pipe
unit would be valued at around $3.65 billion (U.S.).