Mittal Steel Company

Mittal Steel Company

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Mittal Steel Company

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Description:
Mittal Steel Company N.V. was one of the world's largest steel producers by volume, and also one of the largests in turnover. The company is now part of ArcelorMittal.

CEO Lakshmi Mittal's family owned 88% of the company. Mittal Steel was based in Rotterdam but, managed from London by Mittal and his son Aditya. It was formed when Ispat International N.V. acquired LNM Holdings N.V. (both were already controlled by Lakshmi Mittal) and merged with International Steel Group Inc. (the remnants of Bethlehem Steel, Republic Steel and LTV Steel) in 2004. On 25 June 2006, Mittal Steel decided to merge with Arcelor, with the new company to be called Arcelor Mittal. The merger has been successfully approved by shareholders and directors of Arcelor making L.N. Mittal the largest steel maker in the world.

History

In 1989, the company acquired Iron & Steel Company of Trinidad & Tobago. In 1992, the company acquired Sibalsa. In 1994, the company acquired Sidbec-Dosco. In 1995, the company Acquisitions of Hamburger Stahlwerke, which formed Ispat International Ltd. and Ispat Shipping, and Karmet. In 1997, the company Acquisitions of Walzdraht Hochfeld GmbH and Stahlwerk Ruhrort. In 1997, the company Ispat International NV goes public. In 1998, the company acquired Inland Steel Company. In 1999, the company acquired Unim├ętal. In 2001, the company Acquisitions of ALFASID and Sidex. In 2002, the company Business assistance agreement signed with Iscor. In 2003,...
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