Which Russian company was in the race for Arcelor along side Mittal Steel ?
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Posco
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Corus Steel
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Severstal
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Novolipetsk Steel
C
Correct answer
Explanation
Severstal, the Russian steel company, was indeed a major bidder in the race to acquire Arcelor in 2006, competing against Mittal Steel. Eventually, Mittal Steel succeeded in acquiring Arcelor. POSCO is South Korean, Corus was Anglo-Dutch (later acquired by Tata Steel), and Novolipetsk is another Russian steel company that was not the primary bidder in this deal.