India wins $77m steel investment
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Australia's largest steelmaker BlueScope is to build three manufacturing plants in India, as part of an ongoing expansion across Asia.
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Tata Steel of India appears set to become the world's fifth-largest steel producer after beating its Brazilian rival CSN in an auction to take over Anglo-Dutch steelmaker Corus with a 13.7 billion-dollar bid.
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Mittal Steel , the  world&#039;s No. 1 steel firm, said on Friday it was negotiating  with an Indian state to set up a 12-million tonne steel plant  at the cost of at least 300 billion rupees (&#36;6.5 billion).
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NEW YORK (CBS.MW) - UK billionaire Lakshmi Mittal created the world&#39;s largest steel maker on Monday, buying out Wilbur Ross&#39; International Steel Group and merging it with his Ispat International and LNM Holdings groups in a deal worth almost $18 billion.
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Mittal Steel   said on  Monday that it owned 93.7 percent of the share capital of  Arcelor , as it moved toward creating the world's  biggest steel maker.
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America's biggest steel maker posts solid growth as steel prices soar.
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The world's second-largest steel producer, LNM Holdings, bought a 51-percent stake in Bosnia's biggest steelworks, BH Steel, for 80 million dollars (65 million euros).
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India's Tata Steel is set to become the world's fifth-biggest steelmaker after winning a bid battle for Anglo-Dutch steelmaker Corus Group by agreeing to pay 5.75 billion pounds ($11.3 billion).
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The world's largest steel company, Arcelor Mittal, reports an annual profit of $10.36bn for 2007.
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Mittal Steel said it had signed a deal to take a 37 percent stake in one of China's leading steelmakers, giving the group its first production platform in the world's fastest growing steel market.
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LAKSHMI MITTAL, the Indian steel tycoon and one of Britainâs richest men, was poised to become head of the worldâs biggest steel company after merging his two businesses
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London: NRI business tycoon Lakshmi N. Mittal-owned Ispat International on Monday emerged as world&#39;s largest steelmaker as it announced its merger with The Netherlands-based LNM Holdings and US International Steel Group to form Mittal Steel Corporation.
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Foreign investment in India continues to soar, rising 65% in the first half of the year according to official figures.
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Tata Steel of India has bought Anglo-Dutch producer Corus for 13.7 billion dollars, beating Brazilian rival CSN in an auction that highlighted the growing global clout of emerging market companies.
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Seven years ago, after Lakshmi Mittal took his fledgling steel group public, he was asked how he could compete in a global industry undergoing huge upheavals.
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Indian-born billionaire Lakshmi Mittal, who made a fortune buying mills from Algeria to Mexico, agreed to acquire Wilbur Ross&#39;s International Steel Group Inc.
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India's Tata Steel is set to become the  world's fifth-biggest steelmaker after winning a bid battle for  Anglo-Dutch steelmaker Corus Group by agreeing to pay 5.75  billion pounds ($11.3 billion).