Mittal Steel Company N.V.
Mittal Steel Company N.V. (NYSE: MT) is the world's largest steel producer. Its headquarters is in Rotterdam, The Netherlands. It was formed when Ispat International N.V. acquired LNM Holdings N.V. and merged with International Steel Group Inc. (the remnants of Republic Steel and LTV Steel) in 2004.
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Business
It employs 165,000 people. Expected revenue for 2004 is $22 billion. It produced 48 million tonnes of steel during 2004, ahead of Arcelor (42.8 Mt), and Nippon Steel (31.3 Mt).
The company has production units in 14 countries, including China, India, Indonesia, United States, Mexico, Canada, France, Germany, Poland, Romania, Algeria, and South Africa.
CEO of the company is steel tycoon Lakshmi Mittal, a 54-year-old Indian with a Net Worth of $25bn and rising. Mittal recently spent approximately $100 million for a new mansion in London.