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Iron ore mining company BHP Billiton is the world’s largest company and the world’s largest steel maker ArcelorMittal in talks on iron ore mining in Liberia and Guinea.

Steel demand in 2010 is expected to rise sharply, so that the steel manufacturers have competed to supply iron ore to meet the target of steel production during the year 2010.

ArcelorMittal merger plan with mining company’s largest iron ore BHP Billiton aims to meet the supply of iron ore inventories at steel maker ArcelorMittal, ArcelorMittal steel production that can meet demand for steel production.

Planned merger of mining interests in Liberia and Guinea affect ArcelorMittal stock price increases. ArcelorMittal rose 16 cents, or 0.5 percent to € 32.22 by 10:08 in Amsterdam trading. BHP slipped 5 cents, or 0.2 percent, to 2,069.5 pence in London.

Liberum Capital, said “We view this potential merger of operations, although the long-dated, as a positive for stocks because the merger will be operating synergies through the sharing of infrastructure and transportation.”

ArcelorMittal has prepared increased supply of iron ore in 2010 by re-opening of iron ore mines in Nimba, Guinea. In the year 2008 the production of iron ore from the iron mines in Nimba reached 12.5 million metric tons per year.

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