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

Arcelor to Merge with Russia's Largest Steel Company Severstal

May 30 2006

Arcelor, the world’s number one steel company, and Severstal, the largest Russian steel company, announced today that they have agreed to merge, creating the world’s steel champion and most profitable steel company . The combined company will rank amongst the world's most competitive steelmaking and resource assets in both developed and emerging markets, and will be the only one with leading positions in Brazil and Russia.

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