Morning Alert for Mittal Steel Company NV.

0 Comments | M2 Presswire, January, 2007

M2 PRESSWIRE-24 January 2007-bellwetherreport.com: Morning Alert for Mittal Steel Company NV(C)1994-2007 M2 COMMUNICATIONS LTD RDATE:24012007 Morning Alert for Mittal Steel Company NV (NYSE:MT) Many metal makers lack the mettle of Mittal Steel. Mittal was forged in 2004 when publicly traded Ispat International (of which the Mittal family owned 70) purchased LNM Holdings (wholly owned by the Mittals) for $13 billion.

When the dust settled, the combined entity stood as the largest steel company in the world, with annual steel production of 50 million tons. The company manufactures flat rolled and long steel products using direct-reduced iron, which is cheaper than using iron ore or scrap iron. Customers include Ford Motor, General Motors, and Whirlpool. CEO...

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