Lakshmi Mittal is not a target of the investigation and ArcelorMittal currently has no direct connection with Ispat.
Ispat dropped some hints about doing without their production, since it could bring in steel from its Mexico plant.
The purchase made Ispat one of the world's largest producers of direct-reduced iron, at 7 million tons a year.
Indeed, Ispat customer Ford recently decided to make 90% of its steel purchases, amounting to almost 5 million tons, through E-Steel.
Some speculate that Ispat and other capital intensive manufacturers will be relegated to the status of being the low-margin drones of others' supply chains.
This 49-year-old son of a steelman from Rajasthan, India buys troubled mills all over the world and tucks them into his Ispat International N.
Ispat's global presence gives it one big advantage over the competition.
The uncertainty over the future of debt-laden Ispat Industries ended today with its owners Pramod and Vinod Mittal agreeing to a deal to sell their ailing steelmaker.
FORBES: Jindal beats out Lakshmi Mittal to buy Indian steelmaker
Earlier this year, Ispat, the closest thing the world has to a global steel firm, made its first big American acquisition when it bought an integrated producer called Inland Steel.
Although no American firm could currently deliver such a contract, Ispat soon might: it already produces, sources and sells lower grades of steel all over the world, and it is expanding into the high-quality steel that car makers demand.
And by comparing the prices Inland pays with Ispat's best prices worldwide (it is one of the biggest buyers of the industry's inputs), he says Ispat has reduced costs on products such as blast-furnace components by up to 20%.
应用推荐