Steely Competition
by Nelson D. Schwartz

(FORTUNE Magazine) - In late January the world's largest steel producer, Mittal Steel of Rotterdam, launched a $23 billion hostile bid for Luxembourg's Arcelor, the world's current No. 2 in steel. The Arcelor board has vowed to fight it. But if the takeover is successful, the combined company will have almost 10% of the global market for steel production. Not since U.S. Steel was at its peak in the early 1950s has there been such a powerhouse in the industry. Here's how the new Mittal would stack up vs. Big Steel in the glory years.

Source: Standard and Poor's COMPUSTAT Top of page

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Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer LIBOR Warning: Neither BBA Enterprises Limited, nor the BBA LIBOR Contributor Banks, nor Reuters, can be held liable for any irregularity or inaccuracy of BBA LIBOR. Disclaimer. Morningstar: © 2014 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2014 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2014. All rights reserved. Most stock quote data provided by BATS.