For the followers of the global steel industry, this book is more proof that no other industry has undergone such upheaval and change in ownership
Esmark made headlines in Indian pink papers early last year when Essar Steel put in a bid to buy the American steel company but was later upstaged by its Russian peer Severstal. Few knew that Esmark was a consumer products company in the 1980s and was later revived by the Bouchard brothers as a steel firm through a string of acquisitions. When the two brothers revived the company in 2003, Esmark had revenues of $4 million. By 2008, it had ballooned to $3 billion and had grown to be the fourth largest steel company in the US.
America for Sale; by Craig T. Bouchard
& James V. Koch; 210 pages; $35.96
(This story appears in the 18 December, 2009 issue of Forbes India. To visit our Archives, click here.)