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ArcelorMittal was created by the takeover of Western European steel maker Arcelor (Spain, France, and Luxembourg) by Indian-owned multinational steel maker Mittal Steel in 2006, at a cost of €40.37 per share, approximately $33 billion total.
Cockerill-Sambre (acquired by Usinor in 1998, which became part of Arcelor in 2002, now ArcelorMittal) Corus Group (acquired by Tata Steel in 2007) Dofasco in Hamilton, Ontario (acquired by Arcelor, now ArcelorMittal) Falck Group (turned the production to renewable energy with Falck Renewables) Gruppo Riva (split into ILVA and Riva Forni ...
Arcelormittal Orbit and London Stadium View from the ArcelorMittal Orbit. The ArcelorMittal Orbit (often referred to as the Orbit Tower or its original name, Orbit) is a 114.5-metre (376-foot) sculpture and observation tower in Queen Elizabeth Olympic Park in Stratford, London.
ArcelorMittal has agreed to sell 15% of its Labrador Trough iron ore mining and infrastructure assets in Canada, the company announced in an official press release. The price is $1.1 billion in ...
CEO Lakshmi Mittal's family owned 88% of the company. Mittal Steel was based in Rotterdam 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 in 2004.
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Unlike rival Stelco, Dofasco is not unionized.As a result, Dofasco has avoided many of the strikes and work stoppages which have plagued its cross-town rival. Some investors complained that the profits should have been distributed to shareholders as a special dividend rather than giving workers larger bonuses, which was a factor in the underperforming stock price despite strong results.
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.