Mittal Steel: Consolidating US Operations
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Case Details:
Case Code : BSTA008
Case Length : 12 Pages
Period : 1998 - 2005
Pub Date : 2005
Teaching Note :Not Available
Organization : Mittal Steel
Industry : Steel
Countries : USA
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Please note:
This case study was compiled from published sources, and is intended to be used as a basis for class discussion. It is not intended to illustrate either effective or ineffective handling of a management situation. Nor is it a primary information source.
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Excerpts
The Inland Acquisition
World War II was boom time for the US steel industry with
many new facilities being set up to meet the rising demand. By 1960s however,
the profits of the US steel majors started declining. Since 1965, more than
400,000 jobs were eliminated in the steel industry...
The ISG deal
ISG had been formed in April 2000, through the acquisition of Bethlehem Steel, LTV and Acme Steel. It later acquired the assets of bankrupt Weirton Steel in early 2004. ISG was the second largest integrated steel producer in North America...
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The Road Ahead
Outlining the future plans (after becoming a part of the Ispat group) Rodney Mott, who would head Ispat's U.S. operations mentioned,
"We're looking for opportunities to increase capacity." Mott
added that no plant in North America would be targeted for cutbacks or shutdown.
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In fact, immediately after the deal announced, ISG managers
sought to let their 12,000 employees in eight states know that the takeover
could mean more work, not another round of industry job cuts. ISG's suburban Richfield headquarters would become the headquarters for Mittal's North American operations...
Exhibits
Exhibit 1: Mittal Steel
Exhibit 2: Global steel companies (market capitlisation)
Exhibit 3: Inland's Facilities
Exhibit 4: ISG Facilities
Exhibit 5: Financial Performance of Ispat International
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