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Dofasco integration with Arcelor-Mittal to proceed
- February 21, 2007
- News Release
- Metals/Materials
Dofasco President and CEO Jacques Chabanier has announced that since that the U.S. Department of Justice has required Arcelor-Mittal to divest its Sparrows Point facility, Dofasco's integration with Arcelor-Mittal can proceed.
"Proceeding with the integration of Dofasco and Arcelor-Mittal will allow Dofasco to benefit from being part of a larger North American business and a global leader. It will improve our competitive position in North America, and put Dofasco on a stronger footing in our markets in terms of our ability to serve our customers in this era of steel industry consolidation. Dofasco will be more sustainable as part of the world's leading steel company," said Chabanier.
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