ArcelorMittal acquires steelcord wire company in China

16 Oct 2007

1

Mumbai: ArcelorMittal, the world''s largest steelmaker, has acquired a 90 per cent stake in privately-owned Chinese steelcord wire manufacturer Rongcheng Chengshan Steelcord, for $26.6 million.

The acquisition as an important step in its bid to develop its presence in the country, ArcelorMittal said in a statement.

Business History Videos

History of hovercraft Part 3...

Today I shall talk a bit more about the military plans for ...

By Kiron Kasbekar | Presenter: Kiron Kasbekar

History of hovercraft Part 2...

In this episode of our history of hovercraft, we shall exam...

By Kiron Kasbekar | Presenter: Kiron Kasbekar

History of Hovercraft Part 1...

If you’ve been a James Bond movie fan, you may recall seein...

By Kiron Kasbekar | Presenter: Kiron Kasbekar

History of Trams in India | ...

The video I am presenting to you is based on a script writt...

By Aniket Gupta | Presenter: Sheetal Gaikwad

view more