Mittal Steel emerges world&#39;s largest steelmaker
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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  said on Friday it  has agreed to buy Russia&#039;s Severstal  to create the  world&#039;s biggest steelmaker, in a move that threatens to block  Mittal Steel&#039;s  bid for the European group.
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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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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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Lakshmi Mittal, who is based in the UK, yesterday set his seal on the consolidation of the global steel industry with a $17.8bn (Â£10bn) double merger to create the world&#39;s largest producer.
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Mittal Steel , ordered by the U.S. Justice Department to sell a plant in Maryland, is expected to draw bids for the facility from big companies in China, Russia and India, the Wall Street Journal reported on Wednesday.
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Dutch steelmaker LNM Group says it&#39;s buying US-based International Steel Group to create one of the largest steel companies in the world.
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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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Ispat International N.V. (Rotterdam, The Netherlands) agreed to acquire LNM Holdings N.V. Following completion of this transaction, the company will be renamed Mittal Steel Company N.V. Simultaneously, Ispat ...
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Close on the heels of acquiring 37 per cent share in a leading Chinese steel firm, Mittal Steel Company headed by NRI steel tycoon Lakshmi Mittal plans to acquire three more steel plants in Eastern Europe and ...
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The world's biggest steelmaker stacks up impressively against the competition.
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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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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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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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Stock in Pittsburgh-based US Steel Corp. and other publicly traded domestic steel companies posted large gains Monday on news of a three-way merger that will create the world&#39;s largest steelmaker.
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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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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.