ArcelorMittal buys Saar Ferngas from RAG
ArcelorMittal today annouces that it has signed an agreement with RAG Beteiligungs-AG, Essen, for the acquisition of the 76.88% stake directly held by RAG in Saar Ferngas AG, Saarbrücken on August 30. The sale is subject to board approval and also to approval by the European antitrust authorities. The [...]
Arcelor 2007 Q1 results
The Arcelor board of directors, chaired by Joseph Kinsch, reviewed the consolidated accounts for the first quarter of 2007.
After completion of Mittal Steel’s offer and mandatory sell out procedure, Arcelor is a subsidiary of Mittal Steel. Mittal Steel is now listed under the name Arcelor Mittal.
The companies are actively working to implement [...]
Sinosteel Corp. could set up a steel plant in India
Chinese mineral trading company Sinosteel Corp. is said to be considering plans to establish a Steel plant in India with an investment of around USD 4 billion.
India is said to have the world’s fifth-biggest iron ore deposits and they could soon become the latest global company [...]
Arcelor Mittal Finalises Acquisition of Mexican Long Steel Producer Sicartsa
Arcelor Mittal announces today it has finalised on April 20 the acquisition of Sicartsa, a Mexican integrated steel producer, from Grupo Villacero, for an enterprise value of $1,439 million, following all required approvals of the transaction, including by US and Mexican competition authorities. Arcelor Mittal had [...]
Essar Global acquiring Minnesota Steel
Essar Global has announced their decision to acquire US-based privately held company Minnesota Steel.
Minnesota Steel has iron ore reserves of 1.4 billion tone and the deal has been signed for an undisclosed amount. Market sources claim that Essar would be paying around Rs 350 crore for the acquisition.
Minnesota Steel [...]
Essar group acquiring Canadian steelmaker Algoma
India based steel company Essar Group has announced that they have signed on an agreement to acquire Canadian steelmaker Algoma for 1.58 billion dollars.
With this deal, they aim to enhance their presence in the North American market. Shashi Ruia, chairman of Essar Global Ltd. spoke on this deal announcement: “Algoma [...]
Tata Steel is the world’s sixth largest producer of Steel
London-based Iron and Steel Statistics Bureau (ISSB) has released their latest report on the steel producers in the world.
As per the report, Indian company Tata Steel is currently the sixth largest producer of Steel in the world. Tata seems to have gained from their recent [...]
Arcelor Mittal Signs Definitive Agreement for Strategic Business Combination of Laser Welding Business with Noble International
Arcelor Mittal and Noble International, Ltd. (NASDAQ: NOBL) (“Noble”), North America’s largest producer of laser-welded steel products, announced today that they have signed a definitive agreement for the combination of their laser-welded tailored blanks businesses. Arcelor Mittal and Noble [...]
Arcelor Mittal to Build New Service Centre in Krakow (Poland)
As part of its expansion strategy in Central & Eastern Europe, Arcelor Mittal invests in a new Steel Service Centre (SSC) in Krakow. With a processing capacity of 450 000 tons per year, this facility will strengthen the existing network of SSC operations in Poland, [...]
Arcelor Mittal to enter Senegal
World’s largest steel company Arcelor Mittal has announced their plans to develop iron ore mines in Senegal. The company has signed on various agreements with the Senegal Government for this project.
This project is expected to see investments of 2.2 billion dollars. Senegal is said to have estimated reserves of around 750 [...]
