| Business Summary | | Ispat
International
N.V.
(Ispat)
is
the
world's
eighth
largest
steel
producer
with
steelmaking
operations
in
six
countries
and
access
to
high-quality
and
low-cost
raw
materials
and
on-sit
deep-water
port
facilities.
Ispat
produces
a
broad
range
of
high-quality,
finished
and
semifinished
steel
products.
The
Company's
balanced
flat
and
long
product
portfolios
include
high-quality
cold
rolled,
electrogalvanized
and
coated
steels,
slabs,
and
special
bar
quality
and
wire
rods.
During
1998,
the
Company
shipped
its
products
to
over
50
countries
worldwide,
with
its
largest
markets
in
the
United
States/Canada
and
Europe.
The
Company
also
benefits
from
being
the
world's
largest
producer
of
DRI,
with
total
1998
production
of
6.3
million
tonnes.
DRI
is
a
pure
iron
raw
material
used
by
the
Company
to
produce
liquid
steel
at
lower
cost
than
steel
mills
that
use
scrap
as
their
primary
input. | More from
Market Guide: Expanded
Business Description |
| Financial Summary | | Ispat
International
N.V.,
through
its
subsidiaries,
manufactures
finished
and
semifinished
steel
products.
IST
owns
and
operates
steel
companies
in
Mexico,
Canada,
Germany,
Ireland,
and
Trinidad
and
Tobago.
For
the
six
months
ended
6/30/01,
sales
fell
17%
to
$2.24
billion.
Net
loss
totalled
$128
million
vs.
an
income
of
$109
million.
Revenues
reflect
lower
shipments
and
lower
average
selling
prices.
Loss
reflects
a
decrease
in
gross
margin
and
higher
depreciation. | More from
Market Guide: Significant
Developments |
| Officers | |
| Position | Lakshmi Mittal | Chairman and CEO | Bhikam Agarwal | CFO | Peter Southwick | Pres and COO of Ispat Inland, Director | Malay Mukherjee | COO, Director | Richard LeBlanc | Managing Director, Ispat Sidbec |
| More from
Market Guide on Officers & Directors: Expanded List, Bios,
Compensation, Options
|
|