Business Case Studies, Restructuring / Turnaround Strategies Case Study, LNM,Turning Around Sick Steel Plants

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Restructuring / Turnaround Strategies Case Study

Case Title:

LNM: Turning Around Sick Steel Plants

Publication Year : 2003

Authors: Sunil, T Phani Madhav

Industry: Minerals, Metals and Mining


Case Code: RTS0006

Teaching Note: Not Available

Structured Assignment: Not Available

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Laxmi Niwas Mittal (Mittal), who started with a rod mill in Indonesia in 1976, had foreseen, as early as the 1980s, the changes that the global steel industry would undergo. Starting from the late 1980s, Mittal acquired and turned around a host of steel plants in ten countries across the world.

Pedagogical Objectives:

  • To discuss how Mittal, by turning around sick steel plants worldwide, made his group (LNM) the second largest steel producer in the world in 2003.

Keywords : LNM; Ispat International; Laxmi N Mittal; Turnaround strategies of Mittal; European steel industry; Direct Reduced Iron; DRI; Restructuring / Turnaround Strategies Case Study; Acquisitions of Mittal; Ispat Mexicana and Ispat Karmet; LNM and global steel industry; LNM and loss-making steel plants; Mittal's management; Mittal's cost management; Mittal the turnaround specialist; Largest steel companies in the world

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