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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Wilbur Ross, whose buyout firm created International Steel less than two years ago, is selling the company to Lakshmi N. Mittal, the billionaire steel tycoon, for $4.5 billion.
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Steel giants Arcelor and Mittal Steel, which are to combine to create by far the biggest world steel group, said their joint net profit was 1.310 billion euros in the second quarter.
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China pledged to invest $10 billion in Brazil over the next two years as the two countries strengthen economic and trade ties. China agreed to invest in railroads, ports, steel mills
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LONDON: Head of the world&#39;s largest steel company Lakshmi Mittal is keen to have his firm&#39;s presence in India and China as his ultimate objective is to supply to global customers.
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Steel tycoon Lakshmi Mittal announced plans Monday to take over US steelmaker International Steel Group as part of a three-way merger to create a global metals mammoth.
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AMSTERDAM/NEW YORK  - Steel magnate Lakshmi Mittal  on Monday agreed to buy International Steel Group Inc. ISG.N  for $4.5 billion and merge it with his other assets, creating  the industry's largest player at a time when steel prices are  soaring.
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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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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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A privately-owned Dutch steel-maker led by billionaire Lakshmi Mittal is consolidating its steel holdings and is buying U.S.-based International Steel Group Inc.
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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 US-based International Steel Group, which would make it the largest steel company in the world.
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British billionaire Lakshmi Mittal will be chairman and chief executive of Mittal Steel, which will be the world&#39;s largest steel maker, producing 57 million tonnes of crude steel a year.
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New Delhi, Nov. 28: Billionaire Lakshmi Mittal, fresh from the record-breaking deal that turned him into the world's biggest steelmaker, is scouting in Poland, the Czech Republic and Turkey as he hits the ...
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European steel maker Arcelor   has agreed to a 100 percent takeover bid made by  world sector leader Mittal Steel , creating a global  steel giant that will dwarf its rivals, its chairman said on  Sunday.
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The Blackstone Group, the private equity firm, bought a 20 percent stake in a Chinese chemical company in its first deal in the country since a Chinese government fund bought into the group. Blackstone, which is based in New York, paid $600 million for the stake in the state-owned China National BlueStar Corporation, the two companies said. The deal, which requires regulatory approval, cements Blackstoneâs status as a central player on the mainland. China National Bluestar is a unit of the China National Chemical Corporation, a state-owned enterprise better known as ChemChina.
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Private equity firm Blackstone Group  plans to take a 20 to 40 percent stake in chemical maker China National BlueStar (Group) Corp for up to $500 million, a source close the to deal said on Thursday.
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Ispat International, the steel producer controlled by the Indian billionaire Lakshmi Mittal, today announced it had agreed to buy LNM Holdings and International Steel Group in