Mittal hits a hard rock again - Taiwan's China Steel Corp.has rejected a takeover offer by Mittal Steel Co., the world's largest steelmaker
Special Correspondent
Feb. 14, 2006

Taiwan's China Steel Corp. has rejected a takeover offer by Mittal Steel Co., the world's largest steelmaker, a spokesman for China Steel confirmed Monday.

Mittal Steel, based in Rotterdam in the Netherlands, rose from modest beginnings in India 30 years ago to become the world's largest steel producer in 2004 after a series of takeover bids that enabled the company to straddle four continents, with shipments of more than 42 million tons and sales of more than US$30 billion a year.

The company is 88 per cent owned by London-based industrialist Lakshmi Mittal, who was born in India and said to be the world's third richest man.

Mittal hits a hard rock again - Taiwan's China Steel Corp.has rejected a takeover offer by Mittal Steel Co., the world's largest steelmaker
Special Correspondent
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