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February 20, 2006

Steel Globalization

Well, in the midwest(aka North American wilderness), when you speak of emerging global economies most people quickly utter China. However, I wouldn't sleep on India. Granted both nations of their fair share of political ills, but these days nobody is immune to some sort of dirt that is despicable to their foreign neighbors.

China made as strong power move to acquire a struggling American oil company, an action that was met with strong opposition.

However, as the article below would suggest, a very prominent Indian national is amassing a huge amount of wealth by strategically providing steel to developing nations. In fact, Lakshmi Mittal, is building quite an empire.

OpinionJournal - Featured Article - Heavy Mittal

Posted by AG at February 20, 2006 1:33 AM