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Topic: Mittal Steel


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In the News (Fri 27 Nov 09)

  
  Mittal Steel > Company > Profile
Mittal Steel is the world's largest and most global steel company, with shipments of 49.2 million tons and revenues of over $28.1 billion in 2005.
Mittal Steel has set the pace for the consolidation and globalisation of the world steel industry.
Mittal Steel is among the most efficient steel producers in the world.
www.mittalsteel.com /Company/Profile.htm   (259 words)

  
 Mittal plays hardball in battle for Arcelor - Business - International Herald Tribune
Mittal said Tuesday morning that it had offered to reduce the founding family's control of the combined company, share management and the board with Arcelor as well as improve the terms of the deal, if Arcelor management agreed to sit down to negotiations.
Mittal's attempted takeover of Arcelor, a Luxembourg-based company with deep roots in France, has languished in part because of an entrenched political distaste in France for buyouts by outsiders.
Mittal Steel also said Tuesday that if a friendly deal were brokered, it was prepared to enlarge its board to 14 members, which would include six from Mittal Steel, six from Arcelor and two European executives from outside both companies.
www.iht.com /articles/2006/05/09/yourmoney/mittal.php   (691 words)

  
 CrossingWallStreet.com: Mittal Steel Vs. Europe
Mittal is the CEO of the largest steel company is the world, Mittal Steel (MT).
Mittal is a tough businessman and he’s crushed his competition.
Mittal is trying to buy pan-European steelmaker Arcelor, but the continent is in an uproar.
www.crossingwallstreet.com /archives/2006/01/mittal_steel_vs.html   (832 words)

  
 Mittal Steel Announces Agreement with Arcelor   (Site not responding. Last check: 2007-09-15)
June 27, 2006 — Mittal Steel Co. NV announced that it has reached an agreement with Arcelor to combine the two companies in a merger that will be achieved with a tender offer by Mittal Steel for Arcelor shares.
Mittal Steel says its proposal was developed following extensive discussions with Arcelor's management over the last few days, and was submitted to the Board of Directors of Arcelor with the support of Arcelor's management.
Mittal notes that it is critical for shareholders of Arcelor to vote their shares at the June 30 meeting against the proposed SeverStal combination.
www.steelnews.com /06/jun/jun60.htm   (885 words)

  
 Mittal Steel, Arcelor inching towards merger
The expected merger between Mittal Steel and Arcelor is likely to be officially announced late Sunday evening, creating a steel behemoth with a total sales of over 55 billion euros with over 320,000 employees.
The steel industry was closely following the developments as the Arcelor board of directors began its meeting Sunday morning in Luxembourg to decide on rival offers from Mittal Steel of Indian-born steel magnate Lakshmi Mittal and the Russian company Severstal.
Mittal has since travelled across European capitals, explaining his plans for the future of the merged company and allaying apprehensions at the political level.
news.webindia123.com /news/Articles/Business/20060626/373521.html   (479 words)

  
 Mittal Steel Company - Wikipedia, the free encyclopedia
Mittal Steel Company N.V. Euronext: MT, NYSE: MT) is the world's largest steel producer by volume, and also the largest in turnover.
Mittal Steel is based in Rotterdam but is managed from London by Mittal and his son Aditya.
In October 2005 Mittal Steel acquired Ukrainian steel manufacturer Kryvorizhstal for $4.8 billion in an auction after a controversial earlier sale for a much lower price to a consortium including the son-in-law of ex-President Leonid Kuchma was cancelled by the incoming government of President Viktor Yushchenko.
en.wikipedia.org /wiki/Mittal_Steel_Company   (817 words)

  
 Mittal Steel Kryviy Rih [EBRD - Project Summary Document]
Mittal Steel’s investment in the Company is a landmark transaction for Ukraine and its transition to a market economy.
The acquisition of the Company by Mittal Steel reverses a flawed privatisation process and maximised the revenue gained by the country as a result of the privatisation.
Mittal Steel maintains for all of its operations a knowledge sharing programme which enables Mittal Steel managers to share best practice management experience between plants belonging to Mittal Steel worldwide.
www.ebrd.com /projects/psd/psd2006/36813.htm   (544 words)

  
 mittal steel bid for arcelor - report on business industry implications
Mittal’s strategy has always been to grow by acquisition – the world’s biggest producer has never yet built a steelworks – but the target this time was certainly unexpected.
However, Mittal are meant to be closing their heavy section mill in the Czech Republic – as part of the restructuring plan agreed with the EU at accession.
Global Steel Consultants are not investment advisors and this article specifically does not comment on the terms of the proposed merger; or on the financial benefits to shareholders in the two companies involved.
www.steelonthenet.com /pr/mittal_bid_for_arcelor.html   (1290 words)

  
 Aditya Mittal: 'Arcelor and Mittal Steel is the Best Combination within the Steel Industry' - Knowledge@Wharton
People did not understand or realize what Mittal Steel is about, what we have been doing in the countries and the communities in which we operate.
Mittal: The most important thing is that this is a merger of equals, and we truly and deeply believe in that.
mergers and acquisitions, mittal steel, aditya mittal, arcelor
knowledge.wharton.upenn.edu /article.cfm?articleid=1515   (1397 words)

  
 Oligopoly Watch   (Site not responding. Last check: 2007-09-15)
The key move is a $4.5 billion buyout of US-based International Steel Group, itself a result of a series of bold acquisitions in the past few years.
The Mittals' steel empire is founded in two closely related companies: Dutch-based LNM Holdings and Dutch-based Ispat International.
The Mittal family has managed to move up from running a local steel plant in Calcutta by buying distressed, small steel mills throughout the world and building a major industrial power by turning these units around.
www.oligopolywatch.com /2004/10/26.html   (503 words)

  
 ABC News: Arcelor Files Suit Against Mittal Steel
Mittal Steel President Aditya Mittal, left, and Chief Executive Officer Lakshmi Mittal, right, at the start of the press conference following their Annual General Meeting at the Hilton Hotel in Rotterdam, the Netherlands, Tuesday May 9, 2006.
Mittal Steel Co. said Tuesday it would be willing to revise its 19 billion (US$23 billion) takeover bid for Arcelor SA and significantly change its corporate governance if its rival recommends the offer to its board.
Mittal did not specify a new value, and it was not clear whether a revision of the bid would mean a higher offer or a larger cash component.
abcnews.go.com /Business/wireStory?id=1950746   (557 words)

  
 Mittal Steel announces acquisitions
Mittal Steel Company N.V., a global steel producer, announced Nov. 25 that it has completed its acquisition of 93.02 percent of Kryvorizhstal.
Mittal Steel has taken operational control and has appointed Narendra Chaudhary as CEO of Kryvorizhstal.
Chaudhary joined Mittal Steel in 1993 and has more than 40 years of experience in the steel industry in various technical and managerial positions.
www.thefabricator.com /news/Breaking_News.cfm?NewsID=1036   (265 words)

  
 Mittal Steel Poland S.A. > Local Communities
In 2004 Mittal Steel Poland was a host of legal KMP on Mittal Steel sales and in 2005 of the specialists for logistics.
In Mittal Steel Poland, which has the status of private institution of continuous education, 90% of the staff undergoes specialist trainings every year.
The lecturers are first of all experts from Mittal Steel Poland with extensive specialist knowledge supported by valuable professional experience.
www.mittal-steel.pl /default.aspx?docId=1929   (227 words)

  
 ABC News: Arcelor-Mittal Steel Deal Clears Roadblock
Chief Executive of steel giant Mittal Steel Co. Lakshmi Mittal, during the hearing to French lawmakers at the National Assembly in Paris, Wednesday, June 28, 2006.
The head of Mittal Steel spoke to French lawmakers about a pending merger with Arcelor, just days after the conglomerate chose Mittal's offer over a rival bid from Russia's Severstal.
BRUSSELS, Belgium Jun 28, 2006 (AP)— The union between Arcelor SA and Mittal Steel Co. cleared a roadblock Wednesday as shareholder activists dropped an attempt to postpone a meeting this week to approve or block a rival bid from OAO Severstal.
abcnews.go.com /Business/wireStory?id=2129386   (409 words)

  
 BBC News | BUSINESS | Lakshmi Mittal, steel mill millionaire
When his son Aditya was married in 1998, Mr Mittal laid on a celebration at Calcutta's Victoria Memorial, an unusual choice given that it houses mementos of Britain's rule over India.
Even the name garbagegate is ironic given that it is precisely by ignoring rubbish that Mr Mittal has built a steel empire, and a personal fortune which at one time topped £2bn.
But where Mittal junior found the route to rewards of gargantuan proportions was in the international marketplace.
news.bbc.co.uk /1/hi/business/1820324.stm   (760 words)

  
 Arcelor Accepts Mittal Steel Offer - Newsroom - Inside INdiana Business with Gerry Dick
Mittal Steel's proposal was developed following extensive discussions with Arcelor's management over the last few days, and was submitted to the Board of Directors of Arcelor with the support of Arcelor's management.
The Mittal family will be entitled to cross such thresholds in certain circumstances, such as with the consent of a majority of the independent directors or in case of passive crossing of such thresholds.
In light of the change to the terms of the offer, the Mittal Steel shareholders' meeting, currently scheduled for June 30th, will be postponed to later in July to allow Mittal Steel shareholders sufficient time to become familiar with the terms of the new offer.
www.insideindianabusiness.com /newsitem.asp?ID=18552   (2327 words)

  
 Mittal Steel -- Ohio Citizen Action
CLEVELAND -- "Mittal Steel Co. is facing a $28,430 fine from the U.S. Environmental Protection Agency for the late reporting of a hazardous chemical spill in April at a former International Steel Group site.
Steel producers across Asia are putting defensive measures in place to prevent being taken over by Mittal Steel Co.," Shigeru Sato and Finbarr Flynn, Bloomberg News.
Mittal says this is the most productive steel plant in the world, and Arcelor has only one North American property.
www.ohiocitizen.org /campaigns/isg/isg.html   (3375 words)

  
 Mittal Steel's Most Daring Move
When Lakshmi Mittal, chairman and CEO of Mittal Steel (MT), the world's largest steelmaker, surveyed the world at the end of 2005, he found himself staring at a strategic dead end.
If Mittal wins Arcelor, he will be taking a big stride toward his vision of a global industry dominated by just a handful of steel companies with 100 million tons or more of production apiece.
Together, Mittal and Arcelor would have about 115 million metric tons of output, several times that of competitors such as South Korea's Posco (PKX), and Nucor (NUE) and US Steel (X) in North America.
www.businessweek.com /bwdaily/dnflash/jan2006/nf20060127_9242_db039.htm   (1349 words)

  
 Arcelor Mittal – leading steel company
Arcelor Mittal is the world's number one steel company, with 330,000 employees in more than 60 countries.
The new company brings together the world's number one and number two steel companies, Mittal Steel and Arcelor.
Arcelor Mittal announces expiration of the sell-out period
www.arcelormittal.com   (95 words)

  
 Arcelor-Mittal Steel Deal Clears Roadblock, Arcelor-Mittal Steel Deal Clears Roadblock As Shareholder Activists Drop ...
(AP) The union between Arcelor SA and Mittal Steel Co. cleared a roadblock Wednesday as shareholder activists dropped an attempt to postpone a meeting this week to approve or block a rival bid from OAO Severstal.
Separately, the head of Mittal Steel spoke to French lawmakers Wednesday.
No details of the closed-door hearings with Lakshmi Mittal were released.
www.cbsnews.com /stories/2006/06/28/ap/business/mainD8IHB9VO0.shtml   (686 words)

  
 Mittal: Blood, Steel, And Empire Building
At a Jan. 30 press conference in Paris, Guy Dollé, chief executive of Arcelor, the world's second-largest steel producer, kicked off his defense against a brazen $23 billion takeover bid from London-based Mittal Steel Co. (MT) with a dig at the predator's owner and boss, Lakshmi N. Mittal.
Arcelor's chief was making a not-so-subtle reference to the fact that the Mittal clan exercises tight control over the steel giant and that the CEO's son, 30-year-old Aditya, serves in the key posts of president and chief financial officer.
Mittal's cozy business ways are coming under scrutiny now that the Indian-born steel baron wants to weld a European giant onto his empire.
www.businessweek.com /magazine/content/06_07/b3971081.htm   (940 words)

  
 Mittal Steel raises bid for Arcelor
Mittal Steel Co. boosted its takeover bid for competitor Arcelor SA of Luxembourg Friday after its first offer was rejected.
Mittal said its new offer put an overall value of 25.8 billion euros, or roughly $37 billion Cdn, on Arcelor, up 34 per cent from its original bid.
Mittal said Friday it will also rework its corporate governance structure.
www.cbc.ca /money/story/2006/05/19/mittal-arcelor.html?ref=rss   (1137 words)

  
 Mittal Steel News - EU Politics Today   (Site not responding. Last check: 2007-09-15)
Mittal said he believed the steel sector as a whole would have a...
Mittal Steel was 1.2 percent softer while Highveld Steel...
Mittal Steel Kryviy Rih (formerly Kryvorizhstal) raised finished roll output tentatively 12.6% year-on-year in January-November to...
eupolitics.einnews.com /news/mittal-steel   (1391 words)

  
 Mittal Steel Fire / Rescue - Coatesville, PA
Mittal Steel Fire / Rescue - Coatesville, PA Mittal Steel Fire / Rescue - Coatesville, PA
The department would like to thank the Mittal Steel Garage personnel for completing an in-house rehab to Utility 75.
The Garage did an excellent job repairing the rust problems and also removing the old enclosure.
station75.tripod.com   (415 words)

  
 Mittal Steel Stock Price (MT), Stock Quotes, Charts, Trades & Market News.
We offer Intraday and historical stock prices for Mittal Steel (MT) and other New York Stock Exchange listed companies as well as company financials, Level 2 Data and the latest investor information from our stock market Message Boards.
Mittal Steel Announces Terms of Mandatory Sell-Out for Remaing Arcelor Shares
Register for FREE access to the latest Mittal Steel company information and fundamental data for other USA Equity companies.
www.advfn.com /quote_mittal-steel-co_nyse_mt.html   (452 words)

  
 Mittal Steel Co NV Stock Report (MT) | Quote & News
Arcelor Mittal is the king of the steel world.
The company produces steel in 27 countries and has the capacity to produce more than 115 million tons of steel annually.
The company produces a mixture of both long and flat steel and operates both integrated and mini-mill operations.
quote.morningstar.com /Switch.html?ticker=MT   (250 words)

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