Arcelor and Severstal's fusion, the new world #1 in steel

Discussion in 'Economy' started by padisha emperor, May 26, 2006.

  1. padisha emperor
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    padisha emperor Senior Member

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    Arcelor, the french-spanish-luxembroug steel company, will make a fusion with the russian steel number one company, Severstal, to impeach the Mittal's action.


    http://www.companynewsgroup.com/communique.asp?co_id=109775



     
  2. CSM
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    CSM Senior Member

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    Not sure what you mean by "impeach Mittal's actions". Explain please?

    I guess from a EU perspective the merger makes sense.
     
  3. padisha emperor
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    padisha emperor Senior Member

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    sorry ;)

    It can stop the public offer of purchase of Mittal, and simultaneously creat the world leader in steel.
     

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