Arcelor mittal

Peer Rating (Group No.3)

• Umesh Sharma- 10/10• Tharun Reddy- 10/10• Shagun Mehta- 10/10• Shiffali Kamboj- 10/10

RESULT

Introduction of the Owner

Introduction of the Company

Mission and Vision

Future Plans

Flow of Presentation

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LAKSHMI MITTAL

BiographyIndian born British steel tycoon.Born on June 15th 1950 in Rajasthan, Sadulpur Village. Family moved to Kolkata from Rajasthan. He graduated at the top from St. Xavier's College in

Calcutta (Now known as Kolkata) with a Bachelor of Commerce degree in Business and Accounting in 1969.

His father Mohanlal Mittal set up a small steel mill in Kolkata.

Began his career working in the family's steelmaking business in India, and in 1976.

He married with Usha. In 1994, he branched out on his own due to differences

with his father with his uncles.

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Awards and Achievements

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2008 “Padma Vibhushan”, Second Highest Indian Civilian Honor

2007 “Asian Business Award”, Middle East 2007 Bessemer Gold Medal, Institute of Materials, Minerals

& Mining 2006 “Person of the Year” – Financial Times 2004 “European Businessman of the Year” – Fortune

Magazine 1998 “Willy Korf Steel Vision Award” – American Metal

Market & Paine Weber’s World Steel Dynamics 1996 “Steel maker of the Year” – New Steel Organization,

USA

Business Idea and Start-up.His vision and hard work, Mittal pioneered the development

of integrated mini-mills and the use of Direct Reduced Iron or “DRI” as a scrap substitute for steelmaking and led the consolidation process of the global steel industry.

Between 2001 and 2004 takeover of plants in Romania, the Czech Republic and Poland followed.

In 2004 Mittal Steel became the largest steelmaker in the world, with shipments of 42.1 million tons of steel and profits of over USD 22 billion.

In February 2005, he got his big-ticket entry into the lucrative European market.

In June 2005, acquired the massive 5 million ton Kazakh steel plant, Karmet from the government of Kazakhstan

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Continue….

The year 2005 saw a tug of war between Mittal and Arcelor. Mittal beat Arcelor to the 4.8 billion dollar deal. Less than three months later, Mittal launched his takeover

bid of Arcelor. And at that time he became the world's largest steel

producer at 150 million tonnes steel in 2006 year. Ukraine's government gave him owner as a ‘Sultan of

steel’.

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Continue…. Arcelor Mittal Deal

Mittal beat Arcelor to the 4.8 billion dollar deal

World’s two largest steel makers was merged and the new company will account for 10% of global production.

Legal Complexities Faced for Merging such as,

Multinational Jurisdiction EC (European Council) Directive Anti competition Laws Shareholder resolutions etc…..

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Head Quartered in Netherland The world’s largest steel producing company Global presence in 18 countries with 260,000 workforce Highest revenue in the industry Tremendous acquisition momentum Product versatility in every segment Biggest “ Direct Reduced Iron ” producer Today the world's largest steel producer at 150 million tonnes steel in a year.

Introduction Arcelor-Mittal Empire

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(Global Presence)

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Cuba

Mexico

France Germany

Romania

South Africa

Macedonia

Poland

Algeria

HQ

Arcelor-Mittal Steel Company

USA

Canada

Czech Republic

Bosnia

Italy

Ukraine

Kazakhstan

Brazil

HQ

= Netherland

35%

10%10%9%7%

6%

6%6% 5% 5%

Steel Producer’s in the WORLD

Arcelor MittalNippon SteelJFEPOSCOBaosteelU.S. SteelNucorTangshanCorus GroupRiva Group

( Numbers in Million Metric Tons )

(Steel Producers’ Ranking)Arcelor-Mittal Steel Company

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Vision

We take pride in our market leadership position in South Africa and aim to extend our role to serve the broader sub-Saharan African continent. We value our customers and aspire to be regarded by them as their supplier of choice. We intend to accomplish this by producing quality steel products through the expertise of the best people in the industry. We will continuously strive to be among the lowest-cost steel producers in the world.

Mission• develop products that create value for customers and expand the use of ArcelorMittal’s steels worldwide; • improve ArcelorMittal’s performance by setting new

industrial processes and optimizing existing ones to reduce cost and improve quality; by 2017

• contribute to sustainable development by reducing the environmental impact of products and processes;

• continuously upgrade HR Department

The outlook for ArcelorMittal is positive:– Stronger company post crisis– The outlook for steel remains positive– We have the keys to unlock our potential:• Unrivalled knowledge base and benchmarking opportunity• FCF generation with a strategy for capital deployment• High proportion of sales to growing markets, with options for expansion• Track record of continuous improvement• A mining business that is growing

References

• corporate.arcelormittal.com• www.google.com• https://twitter.com/arcelormittal?lang=en• www.candidatemanager.net/arcelormittal/

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