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United Kingdom: Lakshmi Mittal, Chairman and Chief Executive Officer of Mittal Steel and his son Aditya Mittal, Chief Financial Officer of Mittal Steel attend a press conference at Cavendish House, in London, 19 May 2006. Mittal Steel brought big guns to bear in its hostile bid for Arcelor on Friday, firing a 34.0-percent increase in its offer price at Arcelor's defences on day two of the titanic battle. Mittal Steel also offered an all-cash option to Arcelor shareholders, ramping up the stakes in the takeover, worth 25.8 billion euros under the new terms. Mittal Steel, which had offered initially 18.6 billion euros, is the biggest steel maker by volume in the world. AFP PHOTO/CARL DE SOUZA. Get premium, high resolution news photos at getty

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