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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.
Longobardo joined the ArcelorMittal Group in February 2018 as CEO of ArcelorMittal Tubular Products Jubail, a joint venture between ArcelorMittal and Saudi Public Investment Fund (PIF). He held this position up to July 31, 2021 and was then appointed Member of the Board and Vice-Chairman.
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 ...
Nonprofit Skate Ohio aims to upgrade skate boards in Richland County, cofounders B.J. Price & Adam McElroy said Thursday at Veterans Park in Shelby.
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.
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.
The company also provided carbon and stainless steel tubing products, die design and tooling, and hot- and cold-stamped components. Of AK Steel's 2018 sales, 63% went to the automotive industry, 15% to infrastructure and manufacturing industry and 22% to distributors and converters.
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