Reuters has reported that ThyssenKrupp’s CEO Mr Ekkehard Schulz said on 20 May 2006 that Mittal Steel is contractually obliged to offer German steelmaker ThyssenKrupp an alternative to Canada’s Dofasco. Mr Schulz told Reuters on the margins of a technology fair that “If Mr Mittal can not offer us Dofasco then he has to offer us something else. We have a contract with Mr Mittal.” Mr Schulz did not say what alternatives would be interesting for ThyssenKrupp. Mittal Steel is trying to take over rival Arcelor and if that bid proves successful, Mr Mittal has agreed to sell Arcelor’s Dofasco unit to ThyssenKrupp for CDN 68 per share. Mittal Steel’s CFO Mr Aditya Mittal said on 19 May 2006 that the steelmaker could sell ThyssenKrupp businesses in North America if the contract on Dofasco could not be fulfilled, but he did not give any further details.
