ARCELOR, the subject of a hostile takeover bid from India's MITTAL STEEL, is about to buy a stake in China's LAIWU STEEL GROUP (turnover of 37.14 yuans in 2005, workforce of 41,000, producing more than 10 million tonnes of steel a year). It is planning to buy a 37.41% in the company's LAIWU STEEL CORPORATION, quoted on the stock exchange, for a 2.086 bn in cash, or 5.888 yuan a share. It is planning to expand in the region and is considering agreements with other Chinese companies. Turkish...