At the zenith of his success in capacity consolidation marked by acquisition of Arcelor in June 2006, and, in the process creating a steel behemoth of over 100 million tonnes (MT) capacity,......
Lakshmi Mittal, known for creating the world's largest steel empire mostly through merger and acquisitions, today said that there was no Indian company on his takeover radar. "It is very unlikely......
ArcelorMittal has sold part of its stake in a Chinese steelmaker it wants to control so it can meet the minimum free float requirement in Hong Kong where the shares trade. The world's largest......
NRI steel baron L N Mittal-run ArcelorMittal and China's Valin Group will fund a new 4.4 million tonnes strip mill and a 2 million tonnes cold rolled steel mill of Lianyuan Steel, through a JV......
Steel magnate Lakshmi Mittal's demand for a 50 per cent stake in China's Baotou Iron and Steel Group has led to collapse of talks for a joint venture as Beijing will not allow foreign steel giants......