Steel man forges the largest firm in the industry
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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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ESSEN, Germany  - Germany's largest steelmaker, ThyssenKrupp , will go through with the 2.3 billion euro ($3.04 billion) construction of a downstream steel mill in the United States irrespective of whether it can acquire Canada's Dofasco.
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Having bought Lone Star Technologies this year, U.S. Steel finds another strong target.
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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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Arcelor and Mittal Steel, which have agreed on a deal to form the worldâs largest steel maker, said their combined earnings fell 3.5 percent, to $7.97 billion, in 2006 because of higher raw material costs. The companies also said they had $4.5 billion to $5 billion available for acquisitions this year, and confirmed that they were examining the financial records of an Indian steel maker, Sesa Goa. Reporting as if the companies were already fully combined, Arcelor Mittal said it earned $7.97 billion in 2006, down from $8.26 billion a year earlier. Revenue rose 10 percent, to $88.57 billion, in the year.
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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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Everybody wants a piece of the great Canadian steel rush.
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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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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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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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Germany's largest steelmaker,  ThyssenKrupp , will go through with the 2.3 billion  euro ($3.04 billion) construction of a downstream steel mill in  the United States irrespective of whether it can acquire  Canada's Dofasco.
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After many decades, the steel industry is cool again.
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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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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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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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London: NRI business tycoon Lakshmi N Mittal, who is set to control the world&#39;s largest steelmaker, has emerged as the richest man in Britain.
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This firm peddles its sought-after wares to the world's great miners.