Mittal Group eyes Bangladesh Steel Industry

Following Tata, the UK based Steel giant Mittal Group is also showing a keen interest in the growing Bangladeshi market. Mittal Steel is the world's largest and most global steel company, with shipments of 49.2 million tons in 2005.

Mittal Steel has set the pace for globalisation of the world steel industry, and has taken on a range of acquisitions, many of them formerly public sector-owned companies, making successes of them.

After its merger with Arcelor, the Mittal Group's ArcelorMittal became the number one steel producer.

A high-level delegation of the group, led by its Managing Director VK Mittal, is due to visit Dhaka, to formally submit a $ 2.8 billion investment offer to the interim Bangladeshi government. Energy is the main focus of the group's investment plan.