World&#39;s largest steelmaker formed
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ROTTERDAM - Dutch-Indian steel group Ispat International announced on Monday that it had agreed to merge with Dutch LNM Holdings and US International Steel Group to form the world&#39;s largest steelmaker, which would be known as Mittal Steel.
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ThyssenKrupp and Salzgitter, the largest steel makers in Germany, agreed to the highest wage increases for their workers in more than 10 years. Salaries for 85,000 workers at steel makers will increase 3.8 percent from the beginning of 2007, IG Metall, the steel workersÂ union, said. Wages last rose that much in 1995, when they increased 4 percent. IG Metall had been seeking a 7 percent wage increase for 12 months, while employers had offered 3 percent.
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International mining company BHP Billiton has ratified its largest ever contract to supply iron ore to China. Under a joint venture deal, signed Tuesday in Western Australia, four Chinese steel mills are taking
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London - Indian-born billionaire Lakshmi Mittal has agreed to acquire the US&#39;s International Steel Group for about $4.5 billion (R27.
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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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America's biggest steel maker posts solid growth as steel prices soar.
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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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United States Steel will buy the Canadian steel producer Stelco for $1.1 billion, a purchase making it the worldâs fifth-largest steel maker.
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Courts in the Netherlands and France refused to grant injunctions seeking to block the Mittal Steel Companyâs proposed $41 billion acquisition of a rival steel maker, Arcelor. Legal actions in Rotterdam, the Netherlands, by three hedge funds and in Paris by an activist shareholder were rejected by judges, removing obstacles to the creation of what would be the worldâs largest steel maker, measured by sales. The steel companies already call themselves ArcelorMittal.
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New Delhi, Nov. 28: Billionaire Lakshmi Mittal, fresh from the record-breaking deal that turned him into the world's biggest steelmaker, is scouting in Poland, the Czech Republic and Turkey as he hits the ...
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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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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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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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RIO DE JANEIRO (Dow Jones)--After jumping 9% in 2003 and 19% in 2004, iron ore prices appear likely to rise another 20% or more in 2005 as the world&#39;s biggest steelmakers
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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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British billionaire Lakshmi Mittal will be chairman and chief executive of Mittal Steel, which will be the world&#39;s largest steel maker, producing 57 million tonnes of crude steel a year.
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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).