The story
Founded by Lakshmi Mittal in 1989.1
Mittal Steel Company is a successor to a business founded in 1989 by Lakshmi Mittal.
In 1989, the company leased Iron & Steel Company of Trinidad & Tobago from its government.
In 1992, the company acquired Sibalsa from the government of Mexico.
In 1994, the company acquired Sidbec-Dosco.
In 1995, the company acquired Hamburger Stahlwerke, which formed Ispat International Ltd. and Ispat Shipping, and also bought Karmet Steel of Temirtau, Kazakhstan.
In 1996, the company acquired Irish Steel.
It also acquired Walzdraht Hochfeld and Stahlwerk Ruhrort.
In 1997, the company became a public company via an initial public offering.
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In 1998, the company acquired Inland Steel Company.
In 1999, the company acquired Unimétal.
In 2001, the company acquired ALFASID and Sidex.
In 2004, it bought a majority stake in Iscor, renamed Mittal Steel South Africa.
In 2004, the company acquired Polskie Huty Stali, BH Steel, and certain Macedonian facilities from Balkan Steel.
In 2004, it merged with LNM Holdings and was renamed Mittal Steel.
In January 2005, the company acquired Tadeusz Sendzimir Steelworks.
In 2005, the company acquired International Steel Group.
In 2005, the company announced a $9 billion investment in Jharkhand, India.
In October 2005, Mittal Steel acquired Ukrainian steel manufacturer Kryvorizhstal for $4.8 billion in an auction after a controversial earlier sale for a much lower price to a consortium including the son-in-law of ex-President Leonid Kuchma was cancelled by the incoming government of President Viktor Yushchenko.
In July 2006, the company announced plans to build a 12 million tonne capacity steel plant in Odisha, India.
In August 2006, the company acquired Arcelor in a $33 billion transaction to form ArcelorMittal, which owned 10% of steel capacity worldwide. The merger was consummated after Mittal Steel raised its bid for Arcelor and the Mittal family agreed to relinquish its controlling stake in the company and execute a standstill agreement not to acquire a controlling interest without approval from independent directors.
From Wikipedia’s article on Mittal Steel Company, shared under CC BY-SA 4.0.3