U.S. Steel, Arcelor Mittal CEOs see steel growth
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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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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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Mittal Steel , the  world&#039;s No. 1 steel firm, said on Friday it was negotiating  with an Indian state to set up a 12-million tonne steel plant  at the cost of at least 300 billion rupees (&#36;6.5 billion).
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A Dutch steelmaker led by billionaire Lakshmi Mittal is buying U.S.-based International Steel Group Inc. for about $4.5 billion in cash and stock in a deal that would make it one of the largest steel companies in the world.
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Mittal Steel&#039;s chairman said on Wednesday  he was confident Arcelor investors would reject a tie-up with  Severstal, which was mulling its options after being spurned in  a takeover tussle.
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LONDON/MUMBAI  - India's Tata Steel  is set to become the world's fifth-biggest steel maker after winning a dramatic bid battle for Anglo-Dutch group Corus   with a 6.2 billion pound ($12.2 billion) offer.
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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 $17.8 billion to  form the world's largest steel company.
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US steelmakers&#39; shares rose sharply yesterday, with US Steel, Allegheny Technologies and Nucor (which operates a mill in Seattle) reaching their highest prices in at least seven years, after Nissan said the metal is in short supply in Japan.
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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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Mittal Steel unveils a 7% rise in second quarter profits, while those of newly acquired rival Arcelor dip 35%.
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The &quot;bigger is better&quot; mind-set dominating the steel industry reached new heights yesterday when billionaire baron Lakshmi Mittal said he&#39;ll create the world&#39;s largest
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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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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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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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Posco, South Korea&#39;s biggest steelmaker, is likely to report its ninth consecutive quarter of profit growth, helping fund expansion in China, India and Brazil as the company tries to diversify sales and secure raw materials.
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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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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. ...