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ak steel
’Mittal bid for AK Steel ‘unlikely’
The Wall Street Journal cited a person close to Arcelor Mittal saying it is “unlikely” that the company is bidding on AK Steel, the US steelmaker, as such a deal would have serious US antitrust concerns related to steel produced for the auto industry and possibly other markets.
Mittal aims for AK Steel as sector consolidation quickens
Arcelor-Mittal, Lakshmi Mittal’s steel empire, is understood to be eyeing AK Steel, its smaller Ohio-based rival. The deal is likely to value AK, which began life more than 100 years ago as American Rolling Mills Corporation,