Arcelor-Mittal

The merger of Arcelor-Mittal had created $72 million Company, which at 120 million tones capacity would be three times the size of its immediate competitor. This merger will boost the steel industry which is traditionally fragmented. Very other the bargaining strength of the steel industry with regards to its suppliers and its customer had been eroded because of such fragmentation. But many feel the culture problem will be an hurdle given the precedent of mega mergers like Daimler-Chrysler. Both Mittal and Arcelor already exhibited operatin in their respective location - Arcelor in Europe and Mittal in North America/ Eastern Europe geographies.

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