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1994 group underwent partition of business interest in the family. All the foreign business were hived of into a separate group ISPAT International under the control of L N Mittal while Indian operations remained with his younger brothers P K Mittal and V K Mittal
2004 - Acquisition of Polski Huty State/ Acquisition of B H Steel / Acquisition of Macdenonia Facilities from Balkan Steel / Creation of Mittal Steel and Proposed Acquisition of International Steel
2005 - Acquisition of Stake in Hunan Valin / ISG Acquisition completed / Mittal Steel Europe created / Mittal steel makes Fortune 500 / MDA with Liberian Government / Acquisition of Kryvorizhstal / Acquisition of Stelco subsidiaries
“ The steel industry has always been fragmented. The steel industry needs to be consolidated,'' Mittal said in a television interview on CNN.
Steelmakers across Asia are putting defensive measures in place to prevent being swallowed by Arcelor Mittal. Mittal is combining with Luxembourg-based Arcelor SA in a $38.3 billion transaction to create a company pouring a 10th of the world's steel.
``We are focusing on India and China,'' Mittal said July 7 in Bhubaneswar, India. ``India is a very important milestone for us to remain the biggest company in the global steel industry.''