Cold steel by tim bouquet
Cold steel by tim bouquet
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Book Summary
Cold Steel chronicles the dramatic five-month hostile takeover battle in 2006 between Lakshmi Mittal’s Mittal Steel and Arcelor—then the world's largest steel producer—with far-reaching financial, political, and industrial consequences. Drawing on hundreds of hours of interviews and insider access, Bouquet and Ousey turn this real-world conflict into a gripping corporate thriller, packed with boardroom power plays, secretive lobbying, helicopter chases, and even naval standoffs. At the center are the contrasting personalities of Mittal—a self-made Indian billionaire—and Guy Dollé, Arcelor’s proud and politically connected CEO. The authors flesh out the unfolding drama: shifting alliances, government interventions in Europe, and high-stakes maneuvering by banks, hedge funds, and PR firms. Ultimately, Mittal’s persistence wins out, reshaping the global steel industry and demonstrating how raw ambition, strategic tactics, and clashing egos can determine business supremacy
About the Author
Tim Bouquet is a British journalist, writer, editor, broadcaster, and traveler. He regularly contributes to major publications such as The Telegraph Magazine and The Times Magazine. Known for his expertise in investigative narrative journalism, Bouquet was the first British reporter to profile Lakshmi Mittal extensively. His immersive storytelling approach—combining deep interviews, meticulous research, and vivid scene-setting—brings corporate battles like the Mittal–Arcelor takeover to life. With Cold Steel, Bouquet teams up with Byron Ousey, who brings insider experience from his involvement with the Luxembourg government during the takeover. Together, they deliver a compelling, behind-the-scenes account of one of the most consequential M&A battles of the 21st century
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