Posted in | News | Ferrous Alloys and Metals | Business | Iron and Steel

Mittal Steel Company Completes Acquisition of 36.67% of Hunan Valin Steel Tube and Wire

Sep 29 2005

Mittal Steel Company today announces that it has received final approval relating to its acquisition of 36.67% of Hunan Valin Steel Tube & Wire Company for a total consideration of US$338 million.

Related Stories

All conditions precedent have been met and the transaction has now closed. The transfer of shares is expected to take place over the next few days.

Hunan Valin is one of the largest steelmakers in China with annual steel production capacity of 8.5 million tons. It is listed on the Shenzhen Stock Exchange.

Commenting, Lakshmi N. Mittal, Chairman and Chief Executive, Mittal Steel, said:

“This is a key strategic transaction for Mittal Steel as it marks our first step into China, the world’s fastest growing steel market. We are very much looking forward to our collaboration with Hunan Valin, and are confident that we can help the company further improve on its market position by providing marketing, procurement and technological knowledge and expertise.”

http://www.mittalsteel.com

Tell Us What You Think

Do you have a review, update or anything you would like to add to this news story?

Leave your feedback
(Logout)
Your comment type
Submit
Defender™ Omega Handheld Raman Analyzer

Defender™ Omega Handheld Raman Analyzer

Ensure safe and rapid identification of explosives, chemical warfare agents, narcotics, and various chemicals using the Thermo Scientific Defender™ Omega Handheld Raman Analyzer. This highly versatile handheld analyzer allows for user-configurable scan profiles and expandable libraries, empowering users with flexible and customizable detection capabilities. Stay ahead with reliable and efficient chemical analysis in the palm of the hand.

From Thermo Fisher Scientific – Handheld Elemental & Radiation Detection

Sponsored Content

Editorial Highlights

The Current State of the Global Semiconductor Market

The Current State of the Global Semiconductor Market

The global semiconductor market has entered an exciting period. Demand for chip technology is both driving the industry as well as hindering it, with current chip shortages predicted to last for some time. Current trends will likely shape the future of the industry, which is set to continue to show

How are Graphene Batteries Made?

How are Graphene Batteries Made?

The primary distinction between graphene-based batteries and solid-state batteries lies in the composition of either electrode. Although the cathode is commonly changed, carbon allotropes can also be employed in fabricating anodes.

Newsletters you may be interested in

See all Newsletters »

Terms

While we only use edited and approved content for Azthena answers, it may on occasions provide incorrect responses. Please confirm any data provided with the related suppliers or authors. We do not provide medical advice, if you search for medical information you must always consult a medical professional before acting on any information provided.

Your questions, but not your email details will be shared with OpenAI and retained for 30 days in accordance with their privacy principles.

Please do not ask questions that use sensitive or confidential information.

Read the full Terms & Conditions.

Provide Feedback