The nonlinear coupling of MHD waves in a cold (beta = 0) compressible
plasma with a smoothly inhomogeneous low-speed steady flow directed al
ong the magnetic field is considered. The effect is similar to Alfven
wave phase mixing in a static, inhomogeneous medium and leads to the p
roduction of steep transversal gradients in the plasma parameters, whi
ch increases dissipation. Transversal gradients in the total pressure,
produced by phase mixing, lead to the secular generation of obliquely
propagating fast magnetosonic waves, at double the frequency and the
wavenumber of the source Alfven waves. The efficiency of the generatio
n is defined by the Alfven wave amplitude and the transversal spatial
scale of the flow inhomogeneity. The secular growth of density perturb
ations, connected with fast waves, takes place for flow speeds that ar
e considerably below the thresholds of the Kelvin-Helmholtz and negati
ve energy wave instabilities. The initial stage of the nonlinear gener
ation of the fast waves is considered analytically and illustrated by
numerical simulations.