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Major changes in rates, particularly changes in the U.S. dollar against the currencies of countries in which Mittal Steel operates, could have adverse effect on its financial condition and results of operations.
The imposition of exchange controls or other similar restrictions on currency convertibility in the countries in which Mittal Steel operates could also adversely affect its financial condition and results of operations.
Net Gain or Loss from Foreign Exchange
Mittal Steel uses the U.S. dollar as its reporting currency. Movements in the exchange rates of the currencies of the countries in which Mittal Steel has operations versus the U...
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