Chapter 10

Machinery and Equipment Appraisal Excerpts

The following is a portion of the machinery and equipment (M&E) part of an industrial appraisal with some related commentary. To save space, only the pertinent parts of the appraisal have been included. The first part that is included is an overview of the industry that is under appraisal. The fictional company name is Prosteel.

Overview of Industry

Understanding the steel market today helps if one understands a little about its recent history. In the early 1990s the steel industry was failing in the United States. The dollar was strong, and many overseas producers were dumping steel at a price that had U.S. mills desperately asking the government for regulatory relief and for penalties against ...

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