TITLE

Less is more

AUTHOR(S)
MccKay, David
PUB. DATE
June 2005
SOURCE
Finance Week;6/15/2005, p30
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
This article focuses on Mittal Steel Co. Shareholders of Mittal Steel will be reminded after glancing at the company's annual report, that the company is but a minnow in the grander scheme of things. Mittal Steel is the world's largest steel producer, having grown from a 420,000 tonnes/year company in 1989. Yet despite it's current size, its output is just 6 percent of world production. Operating profit from the group's mills outside Europe and the Americas, its two largest steelmaking assets by region, was $2,4 billion in the 2004 financial year.
ACCESSION #
17458713

 

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