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Home > Company Index > Metals & Mining > Steel Production > Ispat International N.V.

Ispat International N.V.
NYSE: IST
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 NEWS FROM THE WIRES
IspatQ2 net loss $69 million
Aug 03 2001 12:03 AM PDT

More WIRE STORIES about this company

 PROFILE
After gobbling up failing state-owned steel mills around the world, Ispat (Sanskrit for "steel") has moved inland. The company's 1998 purchase of Inland Steel Industries' US operations (renamed Ispat Inland) made it one of the world's leading steelmakers. In addition to Ispat Inland, Ispat operates other subsidiaries, including Ispat Mexicana, Caribbean Ispat (Trinidad), Ispat Sibdec (Canada), Ispat Germany, Ireland Ispat, and Ispat Unimétal (France). The company produces flat (sheet, slab) and long (wire rod, bars, pipes) steel products using direct-reduced iron, which is cheaper than using iron ore or scrap iron. Ispat is part of founder and chairman Lakshmi Mittal's LNM Group.

 COMPETITION
Nippon Steel Corporation (5401)
Nucor Corporation (NUE)
USX-U.S. Steel Group (X)

 DEALS
Deal: Ispat International Invests in FerrousExchange
Date Announced: 04.12.00
Value of transaction (US $Mil): 0
Description: Dutch-based global steel producer invests in and enters strategic alliance with online steel marketplace.

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 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 5,097.00
1-Yr. Sales Growth: 8.9%
Employees: 17,800
Revenue per employee: $286,348.31

 KEY PEOPLE
• Lakshmi N. Mittal
    CEO
• Bhikam C. Agarwal
    CFO

 CONTACT INFO
Rotterdam Bldg., Aert van Nesstraat 45
3012 CA Rotterdam, The Netherlands
Phone: 31-10-282-9465
Fax: 31-10-282-9468
Online: Web Site

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