History of Arcelor Mittal

ArcelorMittal was formed from the acquisition of Arcelor by Mittal Steel. Mittal Steel was in turn formed from the merger of ISPAT International and LNM Holdings. The timeline below covers the history of these firms.

1989: Lease deal with Iron & Steel Company of Trinidad & Tobago.
1992: Acquisition of Sibalsa in Mexico.
1994: Acquisition by Ispat of Sidbec-Dosco in Canada.
1995: Acquisition of Karmet Works in Kazakhstan.
1995: Acquisition of Hamburger Stahlwerke in Germany.
1997: Ispat International floats in NY & Amsterdam.
1997: Takeover of Thyssen Duisberg, Germany.
1998: Acquisition of Inland Steel Company, USA.
1999: Ispat purchase of Unimetal, France.
2001: Purchase of Sidex Galati in Romania.
2001: Purchase of Alfasid [renamed Mittal Steel Annaba] in Algeria.
2001: Equity partnership deal with Iscor, South Africa.
2003: Acquisition of Nova Hut in Ostrava, Czech Republic.
2004: Acquisition of Skopje plant from Balkan Steel, Macedonia.
2004: LNM Holdings & ISPAT International merged into Mittal Steel.
2005: Purchase of PHS - Polskie Huty Stali in Poland.
2005: Mittal Steel takeover of the International Steel Group, USA.
2005: Acquisition of Kryvorizhstal, Kryvyi Rih in Ukraine.
2005: Purchase of small stake in Hunan Valin, China.
2005: Iron ore mining agreement with government of Liberia.
2005: Unsuccessful bid for Erdemir Group, Turkey.
2006: Acquisition of Arcelor and creation of ArcelorMittal.
2007: ArcelorMittal purchase of 100% stake in Galvex, Estonia.
2007: Arcelor Mittal finalises acquisition of Sicartsa.
2008: Increase of stake in Macarthur Coal Australia to ~20%.
2008: Sale of Sparrow's Point to Russia's Severstal.
2008: Purchase of three coal mining assets in Russia.
2009: Dispute in South Africa over iron ore supply from Kumba.
2009: Divestment of minority interest in Wabush Mines, Canada.
2010: Spin-off of stainless & specialty steels business into Aperam.
2011: ArcelorMittal wins control of Baffinland iron ore mine, Canada.

Notes

1995 purchase: Karmet also known as the Karaganda Metallurgical Kombinat. The facility is now known as ArcelorMittal Temirtau.
1997 flotation of Ispat International - at this point the Company controlled group steelmaking operations in Trinidad & Tobago, Mexico, Canada and Germany. The stock exchange debut involved a $776 million initial public offering.
In December 2004 Ispat International acquired LNM Holdings NV. The merged company’s name was then changed to Mittal Steel Company NV.
2005 purchase of PHS comprised Huta Katowice, Huta Sendzimira, Huta Florian and Huta Cedler.
2005 deal with International Steel Group (ISG) involved acquisition of the former Inland Steel's East Chicago Works, ex-LTV Corporation's Indiana Harbor Works and the Burns Harbor Works that had previously been owned by Bethlehem Steel.
2005 bid for the Erdemir Group was won by OYAK, the Turkish army pension fund.
2007 Sicartsa deal involved acquisition of long product capacity of ~2.7 million tonnes on facilities in Mexico (Lazaro Cardenas) and in Texas, USA (Border Steel). It included purchase of Sicartsa's wholly owned mine with iron ore reserves of ~160 million tonnes.
2008 purchase in Russia was of Beryozovskaya and Pervomayskaya coal mines and of the Zhernovskaya coal deposit.
In the 2009 Kumba dispute, the Sishen Iron Ore Company [a subsidiary of Kumba Iron Ore Ltd] informed ArcelorMittal South Africa (AMSA) in early 2010 that the steelmaker was no longer entitled to receive 6.25 mt per annum of iron ore mined by Sishen at cost plus 3%, as AMSA had failed to convert its old order mining rights in May 2009. Adding to the complexity of this dispute, the 21.4% mining rights not converted by AMSA were sold in early 2010 to Imperial Crown Trading 289 (Pty) Ltd (“ICT”), a step that was later challenged by Sishen. As at mid-2011, both cases are the subject of separate legal proceedings.
2011 purchase of Baffinland was a combined venture involving ArcelorMittal (70% ownership) and Nunavut Iron Ore Acquisition Inc (30% stake) of the Canadian iron ore mining assets.

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