Tag: Arcelor-Mittal

Arcelor Mittal and Noble International Ltd (Noble), North America's largest producer of laser-welded steel products, have agreed to combine their laser-welded tailored blanks businesses.

Arcelor Mittal supervisory board head Mr LN Mittal told the Financial Times that he hopes to find a way to sell Canadian steel company Dofasco to ThyssenKrupp AG by the end of this year.

Arcelor Mittal has announced changes at senior leadership positions within Mittal Steel USA that are designed to improve operational performance at the USA operations and strategically align the company’s flat products division in the Americas with long-term goals for the combined company.

Once the Arcelor-Mittal merger is completed, and if Arcelor executives hold enough clout in the new company, it is possible that a North American asset other than Dofasco could be sold to appease US competition regulators.

Arcelor’s board of directors will decide the fate of Canadian steelmaker Dofasco, according to Mittal Steel CFO Aditya Mittal.

Arcelor-Mittal, the global steel leader to be created from the merger of Arcelor and Mittal Steel, will soon choose a new chief executive for the company's management board, Arcelor chairman Mr Joseph Kinsch said at a press conference in Luxembourg.