Pursuits
Steelmaking Giant Brought Down to Size by China Export Flood
- ArcelorMittal at its peak vied with Apple for market valuation
- Supplier to One WTC worth same as maker of Legoland version
This article is for subscribers only.
ArcelorMittal may still be the world’s biggest steelmaker but for investors it’s a shadow of its former self.
After losing about $100 billion of market value, the supplier of steel for New York’s One World Trade Center and London’s Wembley stadium is worth the same as the operator of Legoland theme parks that make replicas of the iconic buildings.