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Mittal Steel Company N.V. was a European company headquartered in the United Kingdom and incorporated in the Netherlands, and one of the world's largest steel producers by volume and turnover. After a merger in 2005, it is now part of ArcelorMittal .
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.
Qarmet, previously known as Ispat Karmet, Mittal Steel Temirtau, and ArcelorMittal Temirtau, is a Kazakhstani integrated steel and mining company that owns the Karaganda Metallurgical Plant in Temirtau, Karaganda Region, the largest steel plant in Kazakhstan. [1] Since December 2023, it is owned by the Qazaqstan Investment Corporation.
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 operating as Sterling Steel Company)
On April 5, 2005, ISG completed a merger with Mittal Steel. In 2006, Mittal Steel completed a further merger with Arcelor, forming a new company known as ArcelorMittal. In December 2020, ArcelorMittal sold its U.S. holdings to Ohio-based Cleveland-Cliffs Inc. making it a subsidiary of the Cleveland-Cliffs organization.
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He is the executive chairman of ArcelorMittal, the world's second largest steelmaking company, [9] as well as chairman of stainless steel manufacturer Aperam. [10] Mittal owns 38% of ArcelorMittal and holds a 3% stake in EFL Championship side Queens Park Rangers. [11]
The Communist regime fell in 1989, and in 1991, the works became a joint-stock company called Sidex Galați. This was acquired from the Romanian government in 2001 by a Mittal Steel Company subsidiary, [3] and its debts were forgiven. [4] When the latter took over Arcelor in 2006 to form ArcelorMittal, the plant took on the name ArcelorMittal ...