Ispat to form global steel giant in $17.8 bln deal
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Ispat International will buy LNM Holdings and International Steel Group Inc., forming the worldâs largest steel firm in a deal worth a total of $17.
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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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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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The $17.8 billion, three-way deal that Lakshmi N. Mittal, a financier based in London, announced this week would put him at the head of the largest steel company in the world.
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Tycoon Lakshmi N. Mittalâs $4.5 billion purchase of International Steel Group will create a colossal powerhouse in the world steel industry with the capabilities of producing 70 million tons of steel annually.
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A privately-owned Dutch steelmaker headed by billionaire Lakshmi Mittal is buying US-based International Steel Group Inc. for about $4.
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Mittal Steel, currently the world&#039;s number one steel maker, is prepared to take a minority stake in European rival Arcelor which wants to merge with Russian giant Severstal, Mittal&#039;s European chief Roeland Baan said in a newspaper interview.
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Dutch steelmaker LNM Group says it&#39;s buying US-based International Steel Group to create one of the largest steel companies in the world.
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Indian-born Lakshmi Mittal started out with a steel mill in Indonesia in 1976. By April of next year, the London-based entrepreneur will have bought Wilbur Ross&#39;s International Steel Group
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Angang New Steel Co., the Hong Kong- traded arm of China&#39;s second-largest steelmaker, agreed to buy assets from its parent for 18 billion yuan ($2.2 billion) as metals demand rises in the world&#39;s fastest-growing major economy.
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Privately-owned Dutch steelmaker LNM Group said Monday it plans to merge its two main divisions, Ispat International NV and LNM Holdings NV, and then take over U.S.-based International Steel Group Inc. in a deal that would make it one of the largest steel companies in the world.
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Mittal Steel, the world's biggest steel producer, announced that it controls 91.88 percent of European steel maker Arcelor following its 25-billion-euro takeover bid.
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India's Tata Iron and Steel Company Ltd. took a strategic step to expand its Asian footprint with the announcement it will buy the Asia-Pacific steel operations of Singapore's NatSteel Ltd.
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Dutch-Indian steel group Ispat International announced that it had agreed to merge with Dutch LNM Holdings and US International Steel Group to form the world's largest steelmaker, which would be known as Mittal Steel.
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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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U.S. and global steel markets are poised for medium and long-term growth, two top global steel executives said on Thursday.
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Ispat Iscor on Monday said it was delighted with the formation of the new Mittal Steel company, which moved it from the world&#39;s number two steel group to the world&#39;s biggest steel company.