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Mittal Steel Company N.V. (Euronext: MT, NYSE: MT) is the world's largest steel producer. The CEO and majority owner of the company is Lakshmi Mittal, who is one of the richest men in the world. It is based in Rotterdam, in the Netherlands 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 2005. The term Naamloze Vennootschap (usually abbreviated NV) is the Dutch terminology for a public limited liability company. ... Euronext N.V. is a European stock exchange with subsidiaries in Belgium, France, Netherlands, Portugal and the United Kingdom. ... New York Stock Exchange (June 2003) The New York Stock Exchange (NYSE), also nicknamed the Big Board, is the largest stock exchange in the world (by dollar volume) and second largest by number of listings. ... The old steel cable of a colliery winding tower Steel is a metal alloy whose major component is iron, with carbon being the primary alloying material. ... Chief Executive Officer (CEO) is the job of having the ultimate executive responsibility or authority within an organization or corporation. ... It has been suggested that Lakshmi Nivas Mittal be merged into this article or section. ... For other places named Rotterdam, see Rotterdam (disambiguation) Rotterdam ( ▶ (help· info)), located in the province of Zuid Holland, is the second largest municipality in the Netherlands (after Amsterdam), yet depending on the calculation methods the agglomeration in which Rotterdam is situated vies with the Amsterdam agglomeration for first spot in... Aditya Mittal (born c. ... 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. ...

Business

It employs 179,000 people. Expected revenue for 2004 is $22 billion. It produced 48 million tonnes of steel during 2004, ahead of Arcelor (45 Mt), and Nippon Steel (31.3 Mt). Arcelor however tops Mittal Steel in terms of turnover with an annual turnover of over $37 billion in 2004. The word billion and its equivalents in other languages refer to one of two different numbers, depending on whether the writer is using the long or short scale. ... A tonne (symbol t), sometimes referred to as a metric tonne, is a measurement of weight. ... 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. ... The Nippon Steel Corporation (Japanese 新日本製鐵), formed in 1970, is one of the worlds major steel producing companies. ... 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. ...

Mittal Steel's unique business model helped the company create profitable business in countries that were not regarded as premier investment destinations. It buys loss making or under-producing steel companies, and then turns them around by cost cutting and layoffs, thereby creating leaner and more competitive companies.

The company has production units in 18 countries: China, India, Indonesia, United States, Mexico, Canada, France, Germany, Poland, Romania, Algeria, South Africa, Czech republic, Bosnia and Herzegovina, Republic of Macedonia, Trinidad and Tobago, Kazakhstan and Ukraine. Motto: Anthem: Today Over Macedonia (Macedonian: Денес Над Македонија, Denes Nad Makedonija) Capital Skopje Largest city Skopje Official language(s) Macedonian1 Government President Prime Minister Parliamentary republic Branko Crvenkovski Vlado Bučkovski Independence Declared From Yugoslavia September 8, 1991 Area  â€¢ Total  â€¢ Water (%)   25,333 km² (146th) 1. ...

Top 10 producers

Ranked by raw steel volume produced, in millions of tonnes.

2004

Mittal Steel Netherlands 60.9
Arcelor Luxembourg 50
Nippon Steel Japan 32.4
JFE Holdings Japan 31.6
Posco South Korea 30.2
Shanghai Baostel China 21.4
U.S. Steel United States 20.8
Corus Netherlands, Britain 19
Nucor United States 17.9
ThyssenKrupp Germany 17.6
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. ... The Nippon Steel Corporation (Japanese 新日本製鐵), formed in 1970, is one of the worlds major steel producing companies. ... JFE Group is a corporation headquartered in Tokyo, Japan. ... The United States Steel Corporation (NYSE: X) is an integrated steel producer with major production operations in the United States and Central Europe. ... Corus Group plc, normally referred to simply as Corus, (LSE: CS., Euronext: CORS, NYSE: CGA) is one of the worlds largest producers of steel and aluminium, headquartered in London, United Kingdom. ... German industrial company ThyssenKrupp AG, with about 200,000 employees, mainly operates in the steel industry, but also in the automotive, industrial construction, and shipbuilding areas, as well as manufacturing lifts and providing other technologies and services. ...

Figures have been updated to include Mittal's acquisition of U.S.-based ISG in 2005 and the planned acquisition by Arcelor of Dofasco.

SOURCE: INT'L IRON AND STEEL INSTITUTE

Kryvorizhstal and Arcelor bids

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 (Леонід Кучма) (born August 9, 1938) was the second President of Ukraine from July 19, 1994 to January 23, 2005. ... Viktor Andriyovych Yushchenko (Ukrainian: Віктор Андрійович Ющенко) (born 23 February 1954) is the President of Ukraine. ...

On 27 January 2006 it announced an € 18.6 billion (£12.7 billion) bid for Arcelor. If this is successful Mittal will become by far the largest steel maker in the world by turnover as well as volume. [1] January 27 is the 27th day of the year in the Gregorian calendar. ... The euro (€; ISO 4217 code EUR) is the currency of twelve European Union member states: Austria, Belgium, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, the Netherlands, Portugal, and Spain. ...

External links

• Company web site
• Yahoo! - Mittal Steel Company N.V. Company Profile
• Mittal Steel unveils Arcelor bid - BBC News