This article appears to contradict another article Arcelor. Please see discussion on the talk page.

This article appears to contradict another article Arcelor-Mittal. Please see discussion on the talk page.

Mittal Steel Company, N.V.
Type	Public (Euronext: MT),(NYSE: MT)
Founded	Sumatra, Indonesia (1989)
Headquarters	Rotterdam, Netherlands
Key people	Lakshmi Mittal, Founder, Chairman and Chief Executive
Industry	Steel
Products	Steel, Flat Steel products, Coated Steel, Tubes and Pipes
Revenue	$28.132 billion USD Year to 31 Dec 2005
Operating income	$4.746 billion (2005)
Net income	$3.365 billion (2005)
Employees	320,000 (2006)
Website	Arcelor Mittal

Mittal Steel Company N.V. (Euronext: MT, NYSE: MT) is the world's largest steel producer by volume, and also the largest in turnover. CEO Lakshmi Mittal's family owns 88% of the company. Mittal Steel is based in Rotterdam but is 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 2005. 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. Image File history File links Circle-contradict. ... Arcelor S.A. (Euronext: LOR) is the worlds largest steel producer in terms of turnover and the second largest in terms of steel output, with a turnover of 30. ... Image File history File links Circle-contradict. ... Arcelor-Mittal is a company founded in 2006 by merger between two steel companies, Arcelor and Mittal Steel. ... Image File history File links Mittalsteel. ... A public company is a company owned by the public rather than by relatively few individuals. ... Euronext N.V. is a pan-European stock exchange with subsidiaries in Belgium, France, Netherlands, Portugal and the United Kingdom. ... This article is about the stock exchange itself. ... Sumatra (also spelled Sumatera) is the sixth largest island of the world (approximately 470,000 km²) and is the largest island entirely in Indonesia (two larger islands, Borneo and New Guinea, are partially in Indonesia). ... Image File history File links Flag_of_the_Netherlands. ... Rotterdam Location Coat of arms The coat of arms reads Sterker door Strijd, i. ... Lakshmi Niwas Mittal (लक्ष्मी निवास मित्तल) (born June 15, 1950) is a London-based Indian billionaire industrialist, born in Sadulpur, in Churu district of Rajasthan, India, and residing in Kensington, London. ... For other uses, see Steel (disambiguation). ... For other uses, see Steel (disambiguation). ... Revenue is a U.S. business term for the amount of money that a company earns from its activities in a given period, mostly from sales of products and/or services to customers. ... Image File history File links Green_Arrow_Up. ... ISO 4217 Code USD User(s) the United States, the British Virgin Islands, East Timor, Ecuador, El Salvador, the Marshall Islands, Micronesia, Palau, Panama, Turks and Caicos Islands, and the insular areas of the United States Inflation 3. ... Earnings before interest and taxes (EBIT), also known as operating income and operating profit, is a term used to describe a companys earnings. ... Image File history File links Green_Arrow_Up. ... Net income is equal to the income that a firm has after subtracting costs and expenses from the total revenue. ... Image File history File links Green_Arrow_Up. ... Employment is a contract between two parties, one being the employer and the other being the employee. ... A website (or Web site) is a collection of web pages, typically common to a particular domain name or subdomain on the World Wide Web on the Internet. ... The term Naamloze Vennootschap (usually abbreviated NV) is the Dutch terminology for a public limited liability company. ... Euronext N.V. is a pan-European stock exchange with subsidiaries in Belgium, France, Netherlands, Portugal and the United Kingdom. ... This article is about the stock exchange itself. ... For other uses, see Steel (disambiguation). ... Lakshmi Niwas Mittal (लक्ष्मी निवास मित्तल) (born June 15, 1950) is a London-based Indian billionaire industrialist, born in Sadulpur, in Churu district of Rajasthan, India, and residing in Kensington, London. ... Rotterdam Location Coat of arms The coat of arms reads Sterker door Strijd, i. ... This article is about the capital of England and the United Kingdom. ... Aditya Mittal (born c. ... Ispat International N.V. is a steel producing company with operations in Mexico, Trinidad, Canada, Germany & Ireland. ... Mittal Steel Company N.V. (NYSE: MT) is the worlds largest steel producer. ... The Bethlehem Steel Corporation was the second largest steel producer in the United States, after US Steel but it is now part of the International Steel Group (ISG). ... Republic Steel was once the third largest steel producer in the United States. ... Ling-Temco-Vought was one of the largest conglomerates in existence, and was moderately successful for a period of time. ... June 25 is the 176th day of the year (177th in leap years) in the Gregorian Calendar, with 189 days remaining. ... 2006 (MMVI) was a common year starting on Sunday of the Gregorian calendar. ... Arcelor S.A. (Euronext: LOR) is the worlds largest steel producer in terms of turnover and the second largest in terms of steel output, with a turnover of 30. ... Arcelor-Mittal is a company founded in 2006 by merger between two steel companies, Arcelor and Mittal Steel. ...

History

• 1989: Acquisition of Iron & Steel Company of Trinidad & Tobago
• 1992: Acquisition of Sibalsa
• 1994: Acquisition of Sidbec-Dosco
• 1995: Acquisitions of Hamburger Stahlwerke, which formed Ispat International Ltd. and Ispat Shipping, and Karmet
• 1997: Ispat International NV goes public
• 1998: Acquisition of Inland Steel Company
• 1999: Acquisition of Unimétal
• 2001: Acquisitions of ALFASID and Sidex
• 2002: Business assistance agreement signed with Iscor
• 2003: Acquisition of Nová Huť
• 2004: Acquisitions of Polskie Huty Stali, BH Steel, Macedonian facilities from Balkan Steel. Creation of Mittal Steel
• 2005: Hire Deloitte as the primary auditors for the company
• 2005: Acquisition of International Steel Group
• 2005: Acquisition of Kryvorizhstal
• 2005: Investment of $9 billion in Jharkhand, India announced
• 2006: Merger with Arcelor announced and completed after much controversy
• 2006: Investment for 12 million tonnes capacity steel plant announced in Orissa, India

The Inland Steel Company was a U.S. steel company active in 1893-1998. ... Deloitte Touche Tohmatsu is one of the Big Four auditors. ... Mittal Steel Company N.V. (NYSE: MT) is the worlds largest steel producer. ... Kryvorizhstal (Ukrainian: Криворіжсталь, Russian: Криворожсталь) is an integrated steel plant located in the Ukrainian city of Kryvyi Rih. ... Jharkhand   (Hindi: झारखंड, Bengali: ঝাড়খণ্ড,IPA: ) is a state in eastern India. ... Arcelor S.A. (Euronext: LOR) is the worlds largest steel producer in terms of turnover and the second largest in terms of steel output, with a turnover of 30. ... Orissa   (Devanagari: उड़ीसा) is a state situated in the east coast of India. ...

Business

Arcelor Mittal is the world’s number one steel company, with 320,000 employees in more than 60 countries. The company, which will be incorporated in 2007 following the successful tender offer, brings together the world’s number one and number two steel companies, Arcelor and Mittal Steel.

Arcelor Mittal is the leader in all major global markets, including automotive, construction, household appliances and packaging, with leading R&D and technology, as well as sizeable captive supplies of raw materials and outstanding distribution networks. An industrial presence in 27 European, Asian, African and American countries exposes the company to all the key steel markets, from emerging to mature, positions it will be looking to develop in the high-growth Chinese and Indian markets.

Arcelor Mittal key pro forma financials for the first six months of 2006 show combined revenues of €43,281 billion, with approximate production capacity of 130 million tonnes a year, representing around 10 per cent of world steel output.

Bids and acquisitions

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. Leonid Kuchma Leonid Danylovych Kuchma (Ukrainian: Леонід Данилович Кучма; born August 9, 1938) was the second President of Ukraine from July 19, 1994, to January 23, 2005. ... Viktor Andriyovych Yushchenko (Ukrainian: ) (born February 23, 1954) is the current President of Ukraine. ...

In 2005 Lakshmi Mittal flew into Jharkhand, India to announce a $9 billion investment to build a greenfield steel plant with a 12 million tonnes per annum production capacity.

On 27 January 2006 it announced a $23.3 billion (€18.6 billion, £12.7 billion) bid for Arcelor. On 19 May 2006 Mittal increased its offer for Arcelor by 38.7% to $32.4bn, or $47.34 per share (€25.8bn, €37.74 per share). On 25 June 2006 Arcelor, in a board meeting announced that it has accepted a further sweetened offer ($50.68 or €40.4 per share) and the new company would now be called Arcelor-Mittal, thus successfully ending one of the most controversial and publicised takeover bids in modern corporate history. Arcelor-Mittal is now by far the largest steelmaker in the world by turnover as well as volume, controlling 10% of the total world steel output. ^[1] January 27 is the 27th day of the year in the Gregorian calendar. ... 2006 (MMVI) was a common year starting on Sunday of the Gregorian calendar. ... ISO 4217 Code EUR User(s) European Union: Austria, Belgium, Finland, France, Germany, Greece, Republic of Ireland, Italy, Luxembourg, Netherlands, Portugal, Slovenia and Spain. ... May 19 is the 139th day of the year in the Gregorian Calendar (140th in leap years). ... 2006 (MMVI) was a common year starting on Sunday of the Gregorian calendar. ... June 25 is the 176th day of the year (177th in leap years) in the Gregorian Calendar, with 189 days remaining. ... 2006 (MMVI) was a common year starting on Sunday of the Gregorian calendar. ...

See also

• List of steel producers

This article summarizes the world steel production by company. ...

References