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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Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.