Arcelor will need to grow to catch up with Mittal Steel

COMPANY MAIN 2004 MARKET OUTPUT* Mittal Steel Global 58 Arcelor EU 50 Nippon Steel Japan 31 JFE Japan 30 POSCO Korea 29 Baosteel China 20 Nucor USA 19 U.S. Steel USA 18 Gerdau Brazil 15 Severstal Russia 12

* millions of metric tons Data: World Steel Dynamics, BW

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