 1989
Acquisition of Iron & Steel Company of Trinidad & Tobago
Caribbean Ispat (now Mittal Steel Point Lisas) was formed to lease, and
then buy, the assets of the Iron & Steel Company of Trinidad & Tobago,
an integrated mini-mill steel complex.
1992
Acquisition of Sibalsa
Acquired from the Mexican Government. Today, the renamed Mittal Steel
Lazaro Cardenas is the world’s only dedicated producer and supplier of high quality steel slabs.
1994
Acquisition of Sidbec-Dosco
Canada’s number four steel-maker (now Mittal Canada) was acquired from the Government of Quebec. The company is the only integrated mini-mill in Canada
and produces both long and flat products.
1995
Acquisition of Hamburger Stahlwerke
The German wire rod producer (now Mittal Steel Hamburg) – brought new mini-mill expertise to the Group.
Ispat Shipping
(now Mittal Shipping) was formed to provide ocean transport solutions for the Group.
Acquisition of Karmet
One of the largest integrated single site steel plants in the world, the Kazakh company Karmet (now Mittal Steel Temirtau). The company has its own coal mines,
iron ore mines and power generation assets, making it one of the lowest cost
steel producers in the world.
1997
Flotation of Ispat International NV
Ispat International, the company controlling the Group’s operations in Mexico, Trinidad & Tobago, Canada and Germany, floated on the New York and Amsterdam stock exchanges. It was one of the largest and most successful IPO’s in the steel industry at that time.
Acquisition of two more German companies, Ispat Stahlwerk Ruhrort (now Mittal Steel Ruhrort) and Ispat Walzdraht Hochfeld (now Mittal Steel Hochfeld). The companies have a long- term contract with Thyssen to buy hot metal and make some of the highest grades of steel.
1998
Acquisition of Inland Steel Company
Ispat International bought America’s fourth largest steel-maker, Inland Steel Company, renowned for its innovation and product quality. It has two downstream joint ventures with Nippon Steel of Japan.
1999
Acquisition of Unimétal
Ispat International acquired the French company, Unimétal Group (now Mittal Steel Gandrange), including Tréfileurope and SMR, becoming the largest producer of high-quality wire rods in Europe.
2001
Acquisition of ALFASID -
LNM Holdings acquired ALFASID (now Mittal Steel Annaba)
from the Algerian government. It is the largest producer of steel in North Africa and has its own iron ore mines.
Acquisition of Sidex
LNM Holdings acquired Sidex, an integrated steelworks in Galati, from the Romanian Government. The company (now Mittal Steel Galati) is the largest steel-maker in Romania. In 2004, the Group bought three more steel facilities in Romania – Tepro (Now Mittal Steel Iasi), Petrotub Roman (now Mittal Steel Roman) and Siderurgica Hunedoara (now Mittal Steel Hunedoara).
2002
LNM Holdings signed business assistance agreement with Iscor.
The company agreed to provide techno- commercial assistance to the South African steel-maker over a three-year period in exchange for Iscor shares. LNM took control of Iscor, now Mittal Steel South Africa, in June 2004.
2003
Acquisition of Nova Hut
LNM Holdings acquired Nova Hut (now Mittal Steel Ostrava) the largest steel producer in the Czech Republic.
2004
Acquisition of Polskie Huty Stali
LNM Holdings acquired Poland’s leading steel producer, now renamed Mittal Steel Poland.
Acquisition of BH Steel
LNM Holdings bought Bosnia’s BH Steel (now Mittal Steel Zenica).
Acquisition of Atansore iron ore mines in Kazakhstan
Acquisition of Macedonian facilities from Balkan Steel
LNM Holdings bought hot and cold rolling mills in Skopje (now Mittal Steel Skopje).
Acquired controlling stake in Iscor (now Mittal Steel South Africa)
Creation of Mittal Steel and merger with International Steel
Ispat International acquires LNM Holdings to form Mittal Steel. At the same time, Mittal Steel announced the agreed merger with International Steel Group of the US,
in a cash and shares deal worth $4.5 billion to create the world’s largest steel-maker.
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