X-Nico

2 unusual facts about Mittal Steel Company


Mittal Steel Company

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 2004.

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.


ARBED building

In 2002, ARBED merged with other European steel companies to form Arcelor, which in turn merged with Mittal Steel in 2006 to form ArcelorMittal, and the building changed ownership accordingly.

Hinduism in Kazakhstan

About 127 workers/managers are employed by Ispat International, a Soviet era steel plant which was taken over by the NRI businessman Shri L.N. Mittal.

Sedibeng District Municipality

Manufacturing in the district is dominated by the fabricated metal and the chemical sectors (Mittal Steel Company (previously ISCOR) and Sasol.


see also