Ispat, LNM, ISG merge to form world's largest steelmaker
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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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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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Arcelor Mittal , the world's largest steelmaker, will expand its leading position in Mexico with the purchase of integrated steel producer Sicartsa from Grupo Villacero for $1.439 billion.
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LAKSHMI MITTAL, the Indian steel tycoon and one of Britainâs richest men, was poised to become head of the worldâs biggest steel company after merging his two businesses
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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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Ispat International NV (IST.N: Quote, Profile, Research) (ISPA.AS: Quote, Profile, Research) on Monday said it would buy LNM Holdings NV and then will purchase International Steel Group Inc.
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Indian-born billionaire Lakshmi Mittal, who made a fortune buying mills from Algeria to Mexico, agreed to acquire Wilbur Ross&#39;s International Steel Group Inc.
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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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The world's biggest steelmaker stacks up impressively against the competition.
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PHILADELPHIA _ International Steel Group Inc., which includes the remains of the bankrupt Bethlehem Steel Corp., is being acquired by a Dutch steel company for $4.
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Tata Steel of India appears set to become the world's fifth-largest steel producer after beating its Brazilian rival CSN in an auction to take over Anglo-Dutch steelmaker Corus with a 13.7 billion-dollar bid.
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The United Steelworkers of America and  the Paper, Allied-Industrial, Chemical and Energy Workers  International Union (PACE) on Tuesday said they would merge,  creating the largest industrial labor union in North America.
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Privately owned Dutch steelmaker LNM Group said Monday it plans to merge its two main divisions, Ispat International and LNM Holdings, and then take over U.S.-based International Steel Group (ISG) in a deal ...
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[World News]: New York, Oct 25 : Global steel major Ispat International Monday announced it was acquiring LNM Holdings of the Netherlands to become the world&#39;s largest steel producer.
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By Christopher Hope, Business Correspondent (Filed: 26/10/2004). Lakshmi Mittal, Britain&#39;s fifth-richest man and a prominent Labour donor, is now the boss of the world&#39;s biggest steel company, after a $21billion
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Lakshmi Mittal, boss of Mittal Steel, the world's largest steel producer, is to get a dividend of Â£140m.
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United States Steel will buy the Canadian steel producer Stelco for $1.1 billion, a purchase making it the worldâs fifth-largest steel maker.