-(220-x-200-px)-(130-x-130-px)-(220-x-200-px).jpg?lang=en-US&ext=.jpg)
Veolia.gif?width=200&height=200&mediaprotectionhash=4deca34a0d5a00013b5a0ccdc2dcf98fd2c17aabb57eb7bbb27200552f29c247&ext=.gif)
Mittal Steel USA Enters Export Market
04/23/2007 - Mittal Steel USA has begun the sale of steel for export beginning this quarter and continuing on an ongoing basis, allowing it to take advantage of the strong global market and the resources the company's global trading arm.
Mittal Steel USA has begun the sale of steel for export beginning this quarter and continuing on an ongoing basis. The move will allow the company to take advantage of the strong global market and the resources of Arcelor Mittal International, the company's global trading arm.
The company is initially targeting sales of around 200,000 tons during the second quarter, saying it will be supplied from several of the company's Eastern and Midwestern U.S. plants.
"Traditionally, Mittal Steel USA and its predecessor companies have not been active exporters," said Michael G. Rippey, President and CEO of Mittal Steel USA. "However, with the continuing strength in the global market, we plan to aggressively seek new opportunities that fit our capabilities.
"As the global leader in high-quality steels, Arcelor Mittal is well positioned to serve the needs of the world's most demanding steel customers by capitalizing on the unique capabilities of our global network."
Mittal Steel USA, with its affiliates, is the largest steel producer in North America and the largest integrated steel producer in the United States, serving a broad U.S. manufacturing base. The company was formed in April 2005 and consists of the former Ispat Inland and the former International Steel Group. It has operations in 12 states of the United States.
Arcelor Mittal is the world's largest steel company, with 320,000 employees in more than 60 countries. It holds a leading position in major global markets, including automotive, construction, household appliances and packaging, with leading R&D and technology, as well as sizeable captive supplies of raw materials and outstanding distribution networks. An industrial presence in 27 European, Asian, African and American countries exposes the company to all the key steel markets, from emerging to mature, positions it will be looking to develop in the high-growth Chinese and Indian markets.
Arcelor Mittal key pro forma financials for 2006 show combined revenues of USD 88.6 billions, with a crude steel production of 118 million tonnes, representing around 10% of world steel output.
