Arcelor mittal-company profile
Founded in 2006.
World largest steel company.
Leader in steel, flat steel product, stainless
steel, wire solution ,plate
Presence in 60 country
Rank 28th in fortune 500 global list
More than 3,25000 employee worldwide
Total asset more than US$133.1 billion in 2008
Total revenue US$124.9 billion
Operating income US$12.24 billion
Total profit US$9.399 billion
Founded in 1976 as a mittal steel.
Chosen Acquisitions as a main growth strategy
In 1992 acquired ispat mexina .
In 2004 achieved the 70mn ton steel
Shocked the world by merging world no. 1 and
1989-iron & steel co. in Trinidad & tobacco
1992-acquisition of sibalsa
1993-Acquisition of dosco
1998-acquisition of inland steel
1999-acquisition of unimetel
2001-acquisition of sidex
2004-acquisition of poski stali
L N MITTAL
“ Everyone experiences tough times, it is a measure
of your determination and dedication how you
deal with them and how you can come through
known as a merger king in the world
World eighths richest person.
Given the open offer to the investor of arcelor
after the refusal of board .
He pioneered the development of integrated
mini-mills and the use of Direct Reduced Iron
Ranked one the most powerful person in the
world by time magazine in 2007.
Person of the year in 2006 by financial times.
European business man of the year by fortune
magazine in 2004.
Steel maker of the year in 1996 by new steel.
UNITED STATES STEEL
Performance in 2008
Total asset US$133.1bn
Total equity US$59.23bn
Total profit US$9.399bn
Total operating income US$12.24bn
Performance in 2009(Q1)
Net loss US$1.1bn
Net debt US$26.7bn
Operating loss US$0.36bn
Coping with recession
Temporary production cuts-in-line with
US$6bn temporary fixed cost reduction
Reaffirming target to reduce net debt
Reiterating working capital rotation
EXPECTED MARKED SITUATION
Rising demand from china and India
2012 London Olympic ,huge demand of steel
Increasing demand from America
Expected growth rate 6.5%
China $585bn stimulus package for