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It was formed in 2006 from the takeover and merger of Arcelor by Indian-owned Mittal Steel. [3] ArcelorMittal is the second largest steel producer in the world, with an annual crude steel production of 78 million metric tonnes as of 2022. [5] It is ranked 197th in the 2022 Fortune Global 500 ranking of the world's largest corporations.
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) Pingxiang Iron and Steel ...
A year later a new steel producing facility was built surrounding a 100-ton electric furnace. The Coatesville mill now covered 725 acres (293 ha) and 3,250,000 square feet (302,000 m 2) of building space. Lukens supplied the steel beams used in construction of the World Trade Center in New York. [12]
Dofasco owned and operated a number of subsidiaries, including National Steel Car, a Hamilton-based railway freight car manufacturer, from 1962 to 1994, and Algoma Steel, from 1988 to 1991, until union and financial difficulties ultimately forced Dofasco to divest the company. [citation needed] In 1990, the world economy entered into recession.
US Steel operates a number of integrated steel mills, including the Gary Works in Gary, Indiana. They also operate the Edgar Thomson Works, which is the iron- and steel-making unit of the Mon Valley Works, which includes three other related plants. The company operates the Great Lakes Works, [5] and Granite City Works. [6]
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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Mittal Steel Company was formed as Ispat International in 1978. At the time it was part of the Indian Steel company Ispat Industries which had been founded by Lakshmi Mittal's father in 1984. It was owned by the Mittal family, but in 1995 Ispat International separated from Ispat Industries after various disagreements between Lakshmi and his father.