Global steel giant ArcelorMittal will spend at least $20 billion setting up two new integrated steel plants in India from 2009 onwards, company executives have told CNN.
If the world needed a wake-up call to India's growing economic might then last week's acquisition of the Anglo-Dutch steel firm Corus by Tata Steel ought to have done the job.
High above the Hudson River in a helicopter, the world's fifth-richest man doesn't bother to glance up from his BlackBerry and admire the view. That's because the deal he has pursued across four co...
High above the Hudson River in a helicopter, the world's fifth-richest man doesn't bother to glance up from his BlackBerry and admire the view. That's because the deal he has pursued across four continents for five months, which a few hours earlier seemed unlikely to come to pass, is suddenly within reach.
The board of Luxembourg-based steelmaker Arcelor has rejected a €22 billion ($28 billion) takeover offer from Mittal Steel and urged shareholders instead to support a proposed merger with Russia's Severstal.
Global steel giant ArcelorMittal will spend at least $20 billion setting up two new integrated steel plants in India from 2009 onwards, company executives have told CNN.
If the world needed a wake-up call to India's growing economic might then last week's acquisition of the Anglo-Dutch steel firm Corus by Tata Steel ought to have done the job.
High above the Hudson River in a helicopter, the world's fifth-richest man doesn't bother to glance up from his BlackBerry and admire the view. That's because the deal he has pursued across four co...
High above the Hudson River in a helicopter, the world's fifth-richest man doesn't bother to glance up from his BlackBerry and admire the view. That's because the deal he has pursued across four continents for five months, which a few hours earlier seemed unlikely to come to pass, is suddenly within reach.
The board of Luxembourg-based steelmaker Arcelor has rejected a €22 billion ($28 billion) takeover offer from Mittal Steel and urged shareholders instead to support a proposed merger with Russia's Severstal.
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