Arcelor to decide on Severstal, Mittal on June 25

Luxemburg-based Arcelor's Board met yesterday to consider the improvements to the Severstal deal proposed by Mr Mordashov, the biggest shareholder of the Russian company. The Board decided to postpone to June 28 the deadline for shareholders to block shares. Shareholders will meet June 30 to vote on the company's future. The Board also decided to meet again on June 25, in order to take a decision regarding the latest proposals from Mittal Steel and Mr Mordashov.