Sentence examples for arcelor the from inspiring English sources

Arcelor, the world's second-biggest steelmaker, is proposing a dividend of 1.20 euros ($1.45) a share.

A chorus of disapproval from politicians in France and Luxembourg greeted Mittal Steel's hostile euro18.6 billion ($22.8 billion) bid for Arcelor, the world's second-largest steelmaker.

As proposed chairman of the new Arcelor, the 40-year old Mr Mordashov would be an obvious candidate to take charge of the company.And what of Mittal Steel?

CSI and Arcelor, the world's largest producer, based in Luxembourg, own a combined 46% of CST, which is CSN's biggest local rival.

Nevertheless, a mistake was clearly made, according to Sarkozy, when France allowed the Indian-owned Mittal group to buy Arcelor, the French-owned steel company.

The company formed from the three-way merger of Usinor of France, Arbed of Luxembourg and Aceralia of Spain will be called Arcelor, the companies said.

The company, now the biggest steelmaker in the world after the fraught acquisition of Arcelor, sees the deal as an important step towards securing its own reserves of raw materials.

Lakshmi Mittal, scion of an Indian steel dynasty, owns 41% of the shares of Arcelor Mittal, the world's largest steelmaker, and acts as both chairman and CEO.

Part of the defence of Arcelor, then the world's number two steel group, against a hostile bid in 2006 from Mittal Steel, the world's largest steel group, was to criticise the bidder's governance.

Mr. Mittal, who built ArcelorMittal from the 2006 merger of his Mittal Steel with Arcelor, then the largest European steel maker, promised at the time to help modernize the European steel sector, but the company says that the Florange facility was already slated for closure under Arcelor, its previous owner.

And Mittal Steel itself (then 88% owned by the Mittal family) had just bought International Steel, a collection of bombed-out American mills, overtaking Arcelor in the process to become the industry's number one.