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Arcelor Mittal revalues its stainless steel business
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A year before their merger with Mittal, Arcelor considered selling off their stainless steel segment. Now, after the merger, Arcelor Mittal is revaluing their business and they have started to develop strategies for their stainless steel business. According to Jean-Yves Gilet, CEO of Arcelor’s Stainless Steel section “We will not sell this segment in short-term, the margin of stainless steel is getting better. The profit of third quarter has doubled compared to the second quarter.” To develop new products and to improve the customer service is its main strategies for stainless steel business. (Nov. 17)
News Date
11/17/2006 2:27:28 PM
reported by
Vivian Lin
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