USINOR, ARBED and ACERALIA decide to merge to form World's largest steel group. The French steel group USINOR, Luxembourg ARBED and Spanish ACERALIA announced, on 19 February in Brussels, their intention to merge all their activities. The project, that will soon be notified to the European Commission services responsible for monitoring competition conditions, will take concrete shape after a public offer for a share swap involving the three partners. The merger will make the new group,...