Lakshmi Mittal and the Growth of Mittal Steel

In 2007, a controversial merger between Mittal Steel and Arcelor closed, creating ArcelorMittal. The merger was the brain child of Mittal CEO, Mirral Mittal and his son, Aditya.

Case Discussion Questions

1. What forces drove Mittal Steel to start expanding across national borders?

2. Mittal Steel expanded into different nations through mergers and acquisitions, as opposed to greenfield investments. Why?

3. What benefits does Mittal Steel bring to the countries that it enters? Are there any drawbacks to a nation when Mittal Steel invest there?

4. What are the benefits to Mittal Steel from entering different nations?

5. The acquisition of Arcelor was very acrimonious, with many politicians objecting to it. Why do you think they objections reasonable?