The LNM Group is the second biggest and most global steel group in the world. Its strategy is to play a leading role in the consolidation of the global steel industry and to position itself as a low cost producer of high quality steel. LNM has completed twelve acquisitions and has a unique reputation for implementing successful turnarounds at newly acquired assets. In 2004, LNM forecasts annual shipments of 42 million tonnes and revenues of US$ 15 billion.

Despite recent consolidation, the steel industry remains highly fragmented. The top ten steel-makers in the world produce only 25% of the world's crude steel production.

LNM believes consolidation must continue for the benefit of stakeholders. Within ten years LNM expects to see some truly global players accounting for 80 - 100 million tonnes each. A more consolidated steel industry would better serve its customers and achieve more stable and sustainable returns for shareholders. This has always been the vision of the LNM Group.