Mittal Steel Company N.V., incorporated in the Netherlands and headquartered in the United Kingdom, was a steel producer. In 2006, it produced 110.5 million tonnes of steel and had annual production capacity of 138 million tons of steel. In August 2006, it acquired Arcelor to form ArcelorMittal.
The company was named Ispat International N.V. until a merger with LNM Holdings N.V. in 2004.[1]
As of 2006, the company was 44.79% owned by Lakshmi Mittal and his family and 54.74% of the company was publicly traded.[1]
History
Mittal Steel Company is a successor to a business founded in 1989 by Lakshmi Mittal.[1]
In 1989, the company leased Iron & Steel Company of Trinidad & Tobago from its government.