Subject category:
Strategy and General Management
Published by:
IBS Case Development Center
Length: 11 pages
Data source: Published sources
Topics:
LNM; Ispat International; Laxmi N Mittal; Turnaround strategies of Mittal; European steel industry; Direct reduced iron; DRI; Acquisitions of Mittal; Ispat Mexicana and Ispat Karmet; LNM and global steel industry; LNM and loss-making steel plants; Mittal's management; Mittal's cost management; Mittal the turnaround specialist; Largest steel companies in the world
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https://casecent.re/p/20952
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Abstract
Laxmi Niwas Mittal, who started with a rod mill in Indonesia in 1976, had foreseen as early as the 1980s the changes that the global steel industry would undergo. Starting from the late 1980s, Mittal acquired and turned around a host of steel plants in ten countries across the world. The case discusses how Mittal, by turning around the sick steel plants worldwide, made his group (LNM) in 2003 the second largest steel producer in the world.
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Abstract
Laxmi Niwas Mittal, who started with a rod mill in Indonesia in 1976, had foreseen as early as the 1980s the changes that the global steel industry would undergo. Starting from the late 1980s, Mittal acquired and turned around a host of steel plants in ten countries across the world. The case discusses how Mittal, by turning around the sick steel plants worldwide, made his group (LNM) in 2003 the second largest steel producer in the world.