Merger creates biggest steel firm
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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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LAKSHMI Mittal, the billionaire steel magnate who was controversially aided by Tony Blair after donating Â£125,000 to the Labour party in 2001, is performing a double merger to create the world&#39;s largest steelmaker by output.
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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 $17.8 billion, three-way deal that Lakshmi N. Mittal, a financier based in London, announced this week would put him at the head of the largest steel company in the world.
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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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Tycoon Lakshmi N. Mittalâs $4.5 billion purchase of International Steel Group will create a colossal powerhouse in the world steel industry with the capabilities of producing 70 million tons of steel annually.
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The United Steelworkers of America and  the Paper, Allied-Industrial, Chemical and Energy Workers  International Union on Tuesday said they would merge, creating  the largest industrial labor union in North America.
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Mittal Steel, the new company to be formed by a merger of British billionaire Lakshmi Mittal&#39;s considerable steel holdings with the International Steel Group, will ship about 57 million tons
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China's biggest steelmaker and its second biggest bank put the pieces in place for massive flotations.
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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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A once-ailing heavy industry is now in heavy demand. The next step? Global consolidation. For the last decade, much of the West&#39;s steel industry has been in the doldrums.
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The world's largest steel group, ArcelorMittal, said Tuesday it had signed an accord to build its first plant in Russia.
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Chaparral Steel has accepted a $4.22 billion takeover offer from Gerdau Ameristeel in the latest consolidation move in the steel industry.
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Stock in AK Steel Corp. and other publicly traded US steel companies posted large gains Monday on news of a three-way merger that&#39;ll create the world&#39;s largest steelmaker.
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LNM Group, the steel giant headed by Indian tycoon Lakshmi Mittal, snaps up a Bosnian steelmaker in a $280m deal.
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Dutch steel groups Ispat International and LNM Holdings, both run by Indian businessman Lakshmi Mittal, said they had agreed to merge with US International Steel Group to form the world's largest steelmaker.
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LONDON: NRI business tycoon Lakshmi N Mittal-owned Ispat International on Monday became the world&#39;s largest steelmaker with a new American acquisition that enables the newly-named Mittal Steel Company straddle four continents and 14 countries.