Arcelor Mittal secures new credit line, sells German steel unit
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Arcelor Mittal, the world's biggest steel group, has secured a new credit line of 17 billion euros (22.6 billion dollars) with a syndicate of 26 banks.
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ArcelorMittal , the world&#39;s  largest steelmaker, said on Thursday it had received clearance  from U.S. competition authorities to sell its Sparrows Point  plant for an enterprise value of $1.35 billion.
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PARIS, Nov 15  - European steelmaker Arcelor said Monday that net profit in the third quarter surged by more than sixfold and forecast a strong fourth quarter amid &#39;healthy&#39; growth in the global steel market, driven by Chinese demand.
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AMSTERDAM: Lakshmi Mittal, one of the UK&#39;s wealthiest men, will merge his steel assets and buy International Steel Group in a deal worth $17.
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Mittal Steel, the new company to be formed by a merger of British billionaire Lakshmi Mittal&#39;s considerable steel holdings with the International Steel Group, will ship about 57 million tons
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The head of new global steel giant Arcelor Mittal will be Roland Junck, a senior Arcelor director who was named as chief executive by the group.
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America's biggest steel maker, International Steel Group Inc., agreed to a $4.5 billion buyout bid from a Dutch concern in a multipart transaction that will create the world's largest steel company.
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Steel giant Arcelor Mittal reports profits of $2.37bn for the final quarter of 2006, the first results since last year's merger.
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Corus Group Plc, the UK&#39;s biggest steelmaker, reported its first profit and revived plans to sell 500 million euros ($608 million) of bonds to refinance debt after it benefited from higher steel prices and cost cuts.
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LONDON: NRI business tycoon Lakshmi N Mittal-owned Ispat International on Monday became the world&#39;s largest steelmaker with a new American acquisition that enables the newly-named Mittal Steel Company straddle four continents and 14 countries.
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Mittal Steel , the world&#039;s  largest steel producer by volume, said on Tuesday that talks  with takeover target Arcelor  were continuing but the  likely result was uncertain.
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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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Arcelor SA, the steelmaker fighting a hostile bid from rival Mittal Steel Co., said Friday it reached a deal that would give it a controlling stake in Russia&#039;s largest steelmaker Severstal and &#36;1.59 billion in cash in exchange for 32 percent of Arcelor.
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Mittal Steel, the biggest steel producer in the world, announced that it had acquired at least 50 percent of Arcelor shares, the minimum amount Mittal has set for the takeover to go ahead.
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European steel maker Arcelor   accepted an improved takeover bid from Mittal Steel   to create a steel giant three times larger than any  rival, sources familiar with the matter said on Sunday.
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Arcelor Mittal  said on Wednesday it will acquire Sicartsa, a Mexican intergraded steel producer, from Mexican steel maker Grupo Villacero for $1.439 billion.
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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.