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’Mittal set to quit Indian steel projects
Lakshmi Mittal, chairman and main owner of steel group ArcelorMittal is close to pulling out of a $20bn plan to build two large steel plants in India – the centrepiece of his push to expand operations in the country of his birth.
Mittal sees 10% rise in steel demand
Lakshmi Mittal, chairman and main owner of ArcelorMittal, has predicted that world steel demand will pick up by at least 10% next year. In an unusually optimistic forecast, Mittal told the FT that emerging economies were coming out of the downturn “reasonably quickly”
ArcelorMittal taps the market
What gives at ArcelorMittal?
Last week, the world’s biggest steelmaker issued a furious denial to “reports” (well, actually rumours mentioned in the FT’s European market report) that it was working on a rights issue and had hired advisers.
Mittal concedes Dillinger defeat
Lakshmi Mittal has conceded defeat in an 18-month effort to win control of a prized German steelmaker although he has come out of the fight with a $1bn pay-off, the FT said. The Indian chairman and main shareholder of ArcelorMittal,
Goldman’s Mittal move could influence other boards
Multibillion-dollar losses have left investment banks under pressure to refresh their boards and hire more directors with a financial background. But the debate has been complicated by Goldman Sachs’ decision to appoint Lakshmi Mittal,
Mittal joins Goldman board, eyes Rio battle
Steel magnate Lakshmi Mittal is considering entering the takeover battle for Anglo-Australian iron ore producer Rio Tinto, say people familiar with his thinking, reports the FT. It also emerged at the weekend that Mittal,
ArcelorMittal to control Chinese steelmaker
ArcelorMittal, the world’s largest steelmaker, has improved its strong position in the industry by becoming the first foreign company to take a controlling stake in a Chinese steel concern. The Luxembourg-based group took a 73% stake in China Oriental Group for about $1.7bn,
Mittal aims to become force in Chinese steel market
Lakshmi Mittal is “optimistic” that Beijing will eventually approve a plan to allow him to take a majority stake in a China-based steelsupplier. The Indian steel billionaire, chief executive and main owner of Arcelor Mittal,