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Steely Competition
 (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 |
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© 2008 Cable News Network. A Time Warner Company ALL RIGHTS RESERVED.
Terms under which this service is provided to you. Privacy Policy
Terms under which this service is provided to you. Privacy Policy
* : Time reflects local markets trading time.† - Intraday data delayed 15 minutes for Nasdaq, and 20 minutes for other exchanges.• Disclaimer
| Copyright © 2008 BigCharts.com Inc. All rights reserved. Please see our Terms of Use. MarketWatch, the MarketWatch logo, and BigCharts are registered trademarks of MarketWatch, Inc. Intraday data delayed 15 minutes for Nasdaq, and 20 minutes for other exchanges. All Times are ET. Intraday data provided by ComStock, an Interactive Data Company and subject to the Terms of Use. Historical, current end-of-day data, and splits data provided by FT Interactive Data. Fundamental data provided by Hemscott. SEC Filings data provided by Edgar Online Inc.. Earnings data provided by FactSet CallStreet, LLC. |
