International Steel Chess Game Continues

May 30, 2006
While Alexei Mordachov, head of Russian Steel group Severstal said that he won't increase his planned stake in Arecelor above 38%, Nippon Steel Corp. and Sumitomo Metal Industries are combining their building products and civil engineering businesses in ...

While Alexei Mordachov, head of Russian Steel group Severstal said that he won't increase his planned stake in Arecelor above 38%, Nippon Steel Corp. and Sumitomo Metal Industries are combining their building products and civil engineering businesses in a move to avoid the possibility of becoming buyout targets.

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