Subject category:
Strategy and General Management
Published by:
IBS Center for Management Research
Length: 15 pages
Data source: Field research
Topics:
Mittal Steel; Ispat International; LNM Holdings; International Steel Group (ISG); LN Mittal; Wilbur Ross; Mergers & acquisitions (M&A); Global steel industry; United Steel Workers of America (USWA); Legacy costs; Arcelor SA; Posco; Shanghai Baosteel Group; Nippon Steel; Global steel production
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Abstract
The case discusses the three-way merger between steel majors LNM (Lakshmi Niwas Mittal) Holdings, Ispat International and the International Steel Group. The merger, that was to be completed by early 2005, was poised to create the biggest company in the global steel industry, with a strong presence in the US, Europe and Africa. The new company, called Mittal Steel, was expected to have considerable resources of iron and coal and a total annual production capacity of 70 million tons. The case discusses the various issues related to the merger, including the financial implications and human resource issues, as well as the potential strategic and operational benefits that the companies hoped to achieve. The general trends and issues in the global steel industry are also discussed to provide a holistic view of the industry.
Teaching and learning
This item is suitable for postgraduate courses.
Subject category:
Strategy and General Management
Published by:
IBS Center for Management Research
Length: 6 pages
About
Abstract
The case discusses the three-way merger between steel majors LNM (Lakshmi Niwas Mittal) Holdings, Ispat International and the International Steel Group. The merger, that was to be completed by early 2005, was poised to create the biggest company in the global steel industry, with a strong presence in the US, Europe and Africa. The new company, called Mittal Steel, was expected to have considerable resources of iron and coal and a total annual production capacity of 70 million tons. The case discusses the various issues related to the merger, including the financial implications and human resource issues, as well as the potential strategic and operational benefits that the companies hoped to achieve. The general trends and issues in the global steel industry are also discussed to provide a holistic view of the industry.
Teaching and learning
This item is suitable for postgraduate courses.Settings
Related
Subject category:
Strategy and General Management
Published by:
IBS Center for Management Research
Length: 6 pages