Less is more

MccKay, David
June 2005
Finance Week;6/15/2005, p30
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.


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