ARCELOR (turnover of € 32.6 bn in 2005 with workforce of 96,000 in more than 60 countries and producing 46.6 million tonnes of steel products) has finally given in to MITTAL STEEL (turnover of $ 28.1 bn in 2005 with workforce of 225,000 in 14 pays and producing 49.2 million tonnes of steel products) after five months of opposition. The governing boards from the two groups agreed on Sunday to a merger, which will give birth to a steel giant. MITTAL STEEL raised its offer in order to...