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Arcelor S.A. was the world's largest steel producer in terms of turnover and the second largest in terms of steel output, with a turnover of €30.2 billion and shipments of 45 million metric tons of steel in 2004. The company was created in 2002 by a merger of the former companies Aceralia (Spain), Usinor (France) and Arbed (Luxembourg).
ArcelorMittal was formed in 2007 from the $33 billion acquisition of Arcelor by Mittal Steel Company. [1] [5] The merger was consummated after Mittal Steel Company raised its bid for Arcelor and the Mittal family agreed to relinquish its controlling stake in the company and execute a standstill agreement not to acquire a controlling interest without approval from independent directors.
Kansas City Bolt and Nut Company was a diverse steel parts manufacturing plant in Kansas City, Missouri that through its successors at its peak in the 1950s employed more than 4,500 people. The plant started in 1888.
Laiwu Steel (merged into Shandong Iron and Steel Group) Lone Star Steel Company (acquired by U.S. Steel in 2007) Maanshan Iron & Steel (acquired by China Baowu in 2019) Mittal Steel Company (merged with Arcelor forming ArcelorMittal) National Steel Corporation (acquired by U.S. Steel in 2003) Northwestern Steel and Wire (reorganized and ...
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Growth of Mittal Steel's steel production, based on its acquisitions. Mittal Steel Company is a successor to a business founded in 1989 by Lakshmi Mittal. [1] In 1989, the company leased Iron & Steel Company of Trinidad & Tobago from its government. [2] In 1992, the company acquired Sibalsa from the government of Mexico. [3]