JOHANNESBURG, SOUTH AFRICA--(MARKET WIRE)--Nov 7, 2008 -- Researched by Industrial Info Resources (Sugar Land, Texas) -- In the first week of October at the annual congress of the World Steel Association (Brussels, Belgium) in Washington, D.C., Karl-Ulrich Kohler, Executive Board Chairman of ThyssenKrupp Steel AG (Duisburg, Germany), a subsidiary of ThyssenKrupp AG (FRA:TKA) (Dusseldorf, Germany), expressed confidence that emerging markets would keep the steel boom alive, even as economic growth slows. At the same time, the International Herald Tribune cited a report of the Credit Suisse Group (NYSE:CS - News) (Zurich, Switzerland) that stated, "Steel equities are pricing in a total collapse in the steel price... The August-September performance has so far been the worst in 35 years."

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