Mittal creates new steel giant
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Billionaire from the UK Lakshmi Mittal on Monday purchased International Steel Group from Wilbur Ross, thus creating the worldâs biggest steel company.
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Lakshmi Mittal, one of the UK's wealthiest men, will merge his steel assets and buy International Steel Group Inc. in a deal worth &#36;17.8 billion to form the world's largest steel company.
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Thee steel firms - Ispat, LNM and International Steel - join forces to create the world's largest producer.
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The world's largest steel firm, Arcelor Mittal, moves closer to increasing its stake in China Oriental.
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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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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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London - Indian-born billionaire Lakshmi Mittal has agreed to acquire the US&#39;s International Steel Group for about $4.5 billion (R27.
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The world's biggest steelmaker stacks up impressively against the competition.
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Steel magnate Lakshmi Mittal will  outline on Monday his vision for the world&#039;s largest  steelmaker, forged by the merger of Mittal Steel  and  Arcelor  in Luxembourg where five months ago he was  spurned as a corporate raider.
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Lakshmi Mittal, the Indian-born steel magnate, yesterday staked a claim to overtake Roman Abramovich as Britain&#39;s richest man with a Â£10bn deal to create the world&#39;s largest steelmaker.
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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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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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Remnants of Bethlehem Steel will live on under foreign ownership in a $4.5 billion deal announced Monday. A privately owned Dutch steelmaker led by billionaire Lakshmi Mittal is acquiring International Steel
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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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The world's largest steel company, Arcelor Mittal, reports an annual profit of $10.36bn for 2007.
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Steel Technologies continues to grow on the back of a cyclical boom.
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Mittal Steel said Thursday that its profits soared in the fourth quarter, and in 2004, on skyrocketing global demand for building materials.