The French USINOR announced that it was in advanced talks with the Luxembourg company ARBED and the Spanish ACERALIA in view of a merger that will create to the world's largest in steel ahead of NIPPON STEEL and should, according to the analysts, take the form of a share swap. The new group will post an annual production of around 43 million tonnes of raw steel and have a turnover in the region of EUR 32 billion. The three groups are already linked through cooperation agreements and crossed...