Ispat to Buy LNM Holdings, Intl Steel

Associated Press

: “Netherlands-based steelmaker Ispat International NV said Monday that it agreed to acquire LNM Holdings NV and International Steel Group Inc. in separate deals to create Mittal Steel Co., the world’s largest steel company.

Ispat said the combined company will produce a portfolio of both flat and long steel products to serve all the major steel consuming sectors, including the automotive, appliance, machinery and construction sectors. Mittal Steel […] will have operations in 14 countries and employ 165,000 workers”

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