Arcelor-Mittal, the NYSE Euronext-quoted steel maker, will reportedly become the first company to issue Indian depositary receipts ahead of moves by other emerging markets to enable domestic companies to be traded on national markets without being fully listed.

The world's largest steel-maker by volume, which was created from a $29.1bn (€19.6bn) merger between India's Mittal Steel and Luxembourg-based rival Arcelor in April, is listed on NYSE Euronext's Luxembourg exchange.