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- Mittal Steel Co. starting over in quest to sell Sparrows Point steel
- Mittal Steel Co. NV will apparently have to start over in its quest to sell the Sparrows Point steel mill in Baltimore County. A coalition of buyers called E2 Acquisition Corp. came up short in its financing for a $1.35 billion purchase of the plant, Mittal said late...
- Research articles 2007-12-18
- Acquisition of Sparrows Pt. steel plant in Baltimore County bumps up
- Ownership of the Sparrows Point steel plant in Baltimore County remained in limbo Monday, as officials worked to complete a government-mandated deal by midnight. Tuesday marks the end of a negotiating window agreed to by Mittal Steel Co. NV and the investment group E2 Acquisition Corp. The two...
- Research articles 2007-12-11
- Another extension for sale of Mittal Steel plant at Sparrows Point?
- Friday, the final deadline for the sale of the Mittal Steel Co. NV plant at Sparrows Point, will likely pass without a new owner for the facility. A spokesman for ArcelorMittal, which has been ordered to sell the plant to allay anti-trust concerns, said by e-mail that the...
- Research articles 2007-07-23
- Market briefs.(Business)
- Mittal may sell mill to Esmark CHICAGO - Mittal Steel Co. said Thursday it is in negotiations to sell parts of its West Virginia operations to Esmark Inc., the rapidly growing steel supplier that seized control of nearby Wheeling-Pittsburgh Corp. last fall. Mittal spokesman...
- Research articles 2007-01-19
- Business news in brief
- IN THE REGION Pa. manufacturing-job loss fell to 1% in last 12 months Pennsylvania lost 1 percent of its manufacturing jobs in the last 12 months, according to the 2007 Pennsylvania Manufacturers Register, which was released yesterday. The loss amounted to 7,332 jobs, the register showed. The register...
- Research articles 2006-08-02
- Mittal-ISG deal nearing
- The U.S. Justice Department has approved the proposed merger of International Steel Group Inc. ISG, Richfield, Ohio, into Netherlands-based Mittal Steel Co. N.V. ISG was formed just a few years ago, building on the assets of the bankrupt LTV Steel Co. It acquired Bethelehem Steel and other assets on...
- Research articles 2005-03-01
- Billionaire Mittal to buy International Steel Group for $4.5 billion.
- By Paul Adams, The Baltimore Sun Knight Ridder/Tribune Business News Oct. 26--International Steel Group founder Wilbur Ross, who pieced together the nation's largest steel producer from the bankrupt remnants of Bethlehem Steel and LTV Steel Corp., agreed to sell his company...
- Research articles 2004-10-26
- International Steel Group to be purchased for $4.5 billion by Dutch firm.
- By Harold Brubaker, The Philadelphia Inquirer Knight Ridder/Tribune Business News Oct. 26--International Steel Group Inc., which includes the remains of the bankrupt Bethlehem Steel Corp., is being acquired by a Dutch steel company for $4.5 billion. The merger, announced...
- Research articles 2004-10-26
Additional Resources
- Sparrows Point-based Mittal Steel Co. gets extension
- The Justice Department Thursday granted Mittal Steel Co. 15 more days to sell the Sparrows Point steel mill. It was the third, and final, extension granted after the department, because of antitrust issues, ordered the company to divest the mill as a condition of Mittal's pending merger with Arcelor SA....
- Research articles 2007-07-06
- Dip in demand, prices lead Mittal to slow production.(News)(Mittal Steel Company)
- Byline: DAVID BENNETT High steel inventories and reduced demand for steel are prompting Mittal Steel Co., the world's largest steelmaker, to evaluate how it best will use mills obtained in April's acquisition of Richfield-based International Steel Group. Mittal, based in the...
- Research articles 2005-07-18
- Pacific Exchange to Trade Global Crossing, Ixia, and Mittal Steel Options
- The Pacific Exchange PCX announced that on Friday, June 3, 2005, it will begin trading options on Global Crossing Ltd. (PCX: GLBC), Ixia, Inc. (PCX: XXIA), and Mittal Steel Co. (PCX: MT).
- Research articles 2005-06-02
- Nippon Steel, Mittal to double production at US joint venture
- TOKYO AFP — Japan's Nippon Steel and Mittal Steel Co. will spend a combined 30 billion yen (258 million dollars) to build a new automotive steel sheet plant at their US joint venture, a report said. The move by Japan's largest steelmaker and Mittal, the biggest producer in the world,...
- Research articles 2006-08-23
- Mittal Steel Company N.V. Signs Agreement To Acquire 37.17% Of Hunan Valin Steel Tube & Wire Co., Ltd
- LONDON -- Mittal Steel Company N.V. (NYSE and Euronext Amsterdam: MT), the world's most global steel producer, announced today that it has signed a share purchase agreement with Hunan Valin Iron & Steel Group Co., Ltd. ("Valin Group") to acquire 37.17% of the outstanding shares of Hunan Valin Steel Tube...
- Research articles 2005-01-14
- U.S. Steel Prices Gain For First Time in a Year
- U.S. steel prices jumped 15% in September, the first monthly gain in a year, after producers including Mittal Steel Co. and U.S. Steel Corp. cut output and customers replaced declining inventories, according to Purchasing Magazine, a pricing publication.U.S. steel prices jumped 15% in September, the first monthly gain in a...
- Research articles 2005-10-10
- Bear Stearns Advised Valin Group in Landmark Deal with Mittal Steel; Closing Ceremonies to be held in China on October 17 and 18, 2005
- NEW YORK -- Bear, Stearns & Co. Inc. announced that it has served as sole financial advisor to China's Hunan Valin Group ("Valin Group") in its 36.67% sale of Hunan Valin Steel Tube & Wire Company Ltd. ("Hunan Valin") to Mittal Steel Company N.V. Closing ceremonies for the groundbreaking deal...
- Research articles 2005-10-17
- Esmark submits bid to buy Sparrows Point steel plant
- Chicago-based Esmark Inc. said Tuesday that it has submitted a bid to purchase the Sparrows Point steel plant from Mittal Steel Co. NV. Esmark spokesman Bill Keegan told The Daily Record that his company was one of "a number" of bidders for the mill, which last month was...
- Research articles 2007-03-21
- Bevy of buyers circling Ryerson; Possible suitors said to include Esmark, Arcelor Mittal.(Inland Steel Co.)
- Byline: BOB TITA Ryerson Inc., the 165-year-old Chicago steel distributor, is drawing interest from a host of potential buyers, including the foreign steelmaking giant that bought Ryerson's sister company, Inland Steel Co., nearly a decade ago. Byline: BOB TITA ...
- Research articles 2007-03-19
- Esmark Still Waiting for Decision on Mittal Plant
- Esmark Inc. Chairman and CEO Jim Bouchard says he's still hoping to acquire Mittal Steel Co.'s Sparrows Point plant, though the final decision is out of his hands.Mittal is under federal order to divest the Maryland mill to satisfy concerns that its merger with Arcelor - which brings Dofasco Inc....
- Research articles 2007-07-27
- ISG deal gives smaller steel users hope for stability; Reduction of pricing volatility trumps loss of bargaining power.(News)(International Steel Group Inc.)
- Byline: DAVID PRIZINSKY Small and midsize steel consumers expect the emergence of Mittal Steel Co., the global giant being created through a European merger and the acquisition of Richfield-based International Steel Group Inc., somewhat will reduce their bargaining power on prices. ...
- Research articles 2004-11-01
- Sparks are flying in steel country; Riverdale mill is eyeing Forest Preserve land, but district says no to a swap.(News)(International Steel Group Inc. plans to expand steel mill )
- Byline: BOB TITA A showdown between the Cook County Forest Preserve District and what's soon to be the world's largest steelmaker threatens to scuttle plans for a $300-million expansion at a south suburban steel mill that could double its output and add 100 jobs....
- Research articles 2005-03-21
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