Steel giant Mittal Steel disclosed that it will keep the
stainless steel activities of
Luxembourg-based steelmaker Arcelor, if its proposed takeover bid succeeds.
Arcelor has announced a strategic review of its
stainless steel activities, which could result in a sale, a spin-off or an initial public offering.
However, Mittal said that by leveraging its global skills, it would be able to improve the performance of Arcelor's
stainless steel division.