Abstract
Arcelor, which has its headquarter in Luxembourg, is an European metallurgist group born from the fusion in 2002 of Aceralia (Spain), Arbed (Luxembourg) and Usinor (France). On 30th September 2005, the shares number were near of € 640 millions whom around 6 % were hold by the Luxembourg's government and 1 % by employees. In 2005, the annual turnover of the group amounts to € 32, 6 billion, for a net profit of € 3,9 billion. The group employed 96 000 peoples in 60 countries whom 30 000 in France. The group is made up of four main fields which are : the flat carbon steel, the long carbon steel, the stainless steel and the “A3S” : Steel Solutions & Services.
Until 2004, it was the first steel producer in the world but the Indian company Mittal Steel got the first place in 2005. Mittal Steel Company NV is a multinational company with Indian capital of Dutch law. Having its headquarter in Rotterdam, it is specialized in the steel production. Lakshmi Mittal is the chairman and Aditya Mittal the financial manager : the company also is listed on the Stock Exchange in New York (New York Stock Exchange) and Amsterdam ( Euronext). Its turnover for 2005 amounts to $ 28,1 billion with a net profit of $ 3,4 billion. Its market capitalization totals $2, 5 billion (15% of the stockholding). They employed 225 000 persons of 49 different nationalities in 14 countries. Mittal stems from the merger of two firms : Ispat International and LNM Holdings NV. The Mittal family owns 88 % of capital and 97 % of right to vote.
A merger between those two companies would let Mittal benefit from the technological knowledge. In case of successful merger, the team Arcelor-Mittal would bring life to a monster worth 100 billion of tons a year. Moreover, it would lead to gigantic scale reductions costs.
