Arcelor Mittal, based in Luxembourg, is the world's largest steel firm.

设于卢森堡的Arcelor Mittal是世界超级钢铁公司。

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It is good news for Arcelor, for mittal-and the whole steel industry.

这对于无论是阿赛洛，还是米塔尔以及整个钢铁产业来说都是一个好消息。

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And both Arcelor and Mittal recently lost out to a domestic bidder for a slice of Erdemir, a Turkish state-owned steel firm.

最近，Arcelor和Mittal在投标收购土耳其国有钢铁公司Erdemir的部分股份时，都输给了一家国内公司。

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Dolle, who has compared Arcelor's steel to high-quality perfume over Mittal's lower grade eau de cologne, would like to see an all-cash offer from Mittal before he's prepared to consider the bid.

FORBES: Arcelor's Dolle Reiterates Shareholder Opposition To Mittal

Mittal Steel, Arcelor's original would-be predator, was scathing: "It remains a partial transaction, undervaluing Arcelor, which is to be pushed through without a proper shareholder vote, " read an official statement from the company.

FORBES: Magazine Article

Last week the European Commission gave the provisional go-ahead for Mittal Steel to buy French rival Arcelor in a hostile acquisition.

BBC: NEWS | Business | Mittal and Arcelor to hold talks