Mittal Steel to take stake in China's Hunan Valin
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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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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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The firm that built the rail link between China and Tibet plans to list shares, Chinese state media reports.
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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  world's biggest steelmaker which is buying its closest rival,  Arcelor , said on Wednesday that its second-quarter  operating profit rose nearly 50 percent on the previous  quarter.
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Steel tycoon Lakshmi N. Mittal announced plans to pay $4.5 billion in cash and stock for U.S. steelmaker International Steel Group Inc., which had been cobbled together by onetime investment banker Wilbur L. ...
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Well-known U.S. guitar maker Gibson will take over Dongbei Piano, one of China's biggest piano makers, in a move aimed at boosting its brand and sales in the world's fourth-largest economy, industry sources said on Wednesday.
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Russian steel maker Severstal (CHMFq.L)  is in negotiations to buy Weirton Steel Corp. of the United  States from Mittal Steel  , Russian paper  Kommersant reported on Friday, without naming its source.
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Mittal Steel , the world&#039;s  No. 1 steel firm, said on Friday it was re-evaluating its plans  to set up a steel plant in the mineral-rich eastern Indian  state of Jharkhand.
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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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WEIRTON, WV -- The news came down early Monday morning: ISPAT International Group and LNM Holdings merged into a giant steel company called Mittal Steel Company.
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Steel tycoon Lakshmi N. Mittal announced plans to pay &#36;4.5 billion in cash and stock for U.S. steelmaker International Steel Group Inc., which had been cobbled together by onetime investment banker Wilbur L. Ross Jr. from mills whose parents landed in bankrupcty court.
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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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Steel firms Mittal  and Arcelor   are drawing close to a friendly merger deal that  would end a six-month hostile bidding war and forge the world&#039;s  largest steel company, French newspaper La Tribune reported on  Friday.
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BEIJING - A group of state-owned Chinese companies has agreed to help finance and build an iron ore and infrastructure project worth nearly $2 billion (Australian) in the Pilbara region of western Australia.
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Ispat International (ISPA.AS: Quote, Profile, Research) will buy LNM Holdings and International Steel Group Inc. (ISG.N: Quote, Profile, Research) , forming the world&#39;s largest
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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.