TITLE

Arcelor Agrees to Acquire Severstal, Though Mittal Remains in Pursuit

PUB. DATE
June 2006
SOURCE
Metal Center News;Jun2006, Vol. 46 Issue 7, p88
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the acquisition of Severstal, the largest steelmaker in Russia, by Arcelor in the U.S. The acquisition of Severstal would lead Arcelor a giant steel industry with an annual sales of $46 billion and a production of 70 million tons. Arcelor has purchased Severstal as part of their strategy of focusing on the value of the company.
ACCESSION #
21400883

 

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