Not really - Mittal's skill has been in buying up loss making mills and turning them around. Their core skill is in training people to operate existing mills more efficiently.
Secondly, you don't know much about steel. For a start it is not "already laying inside the ground" (go on, find me a "steel mine" somewhere). It's not one thing either; there are countless alloys, and every customer wants something slightly different. Steel is a manufacturing business like any other. You might as well say the products of a bakery are just growing in a field somewhere.
Secondly, you don't know much about steel. For a start it is not "already laying inside the ground" (go on, find me a "steel mine" somewhere). It's not one thing either; there are countless alloys, and every customer wants something slightly different. Steel is a manufacturing business like any other. You might as well say the products of a bakery are just growing in a field somewhere.