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ARCELORMITTAL UPDATE
ArcelorMittal shelves plan to close S.African steel plant"The board and management have decided that the longs (steel) business will continue to operate to allow an opportunity for the short, medi...
European shares scale new record highs on upbeat earningsThe retail index gained 3.0% and led sectoral gains, helped by a 16.9% surge in Zalando, after the online fashion retailer reported a fourt...
AMNS India to invest $7.4 billion on capacity expansion, value additionArcelorMittal and Nippon Steel's joint venture, AMNS India, will invest $7.4bn in capacity expansion and increased value-added capabilities...
Second-largest steelmaker in the world, ArcelorMittal shuts plant in Europe, Here’s whyFollowing the Russian invasion of Ukraine in February this year, Moscow shut off gas shipments to Europe, raised prices, and posed a risk o...
ArcelorMittal Q4 Results: Firm posts three-fold jump in net income at $4,045 mnSales rose to $20,806 million in October-December 2021, over $14,184 million in the year-ago period.
ArcelorMittal announces $1 bn fixed cost-reduction programme; to cut 20 pc of corporate office staffIn an update for the October-December quarter of 2020 and full year 2020, ArcelorMittal said the USD 1 billion structural fixed cost-reduct...
Indian steel market showing signs of recovery after COVID-19 pandemic: Aditya Mittal"We are seeing the domestic market recover and that's a reason why our operations are running at full capacity," he told on a query pertain...
European shares seek to extend bounce but trade woes weighThe pan-European index is up more than 1 per cent from the five-month lows hit last week.
Numetal moves NCLT to stop lenders from opening 2nd round Essar Steel bidsLenders are in a hurry to complete the resolution process before the April 28 deadline, after which the company’s assets will be liquidated.
ArcelorMIttal mulling 600 MW solar farm in KarnatakaThe land in Karnataka was originally allotted to ArcelorMIttal for a proposed $6.5 billion project to set up a 6 million tonne greenfield s...
- New steel policy in 6 months; to push for faster growth
A new steel policy will be put in place in six months to facilitate rapid growth of the domestic steel sector by ensuring faster capacity a...
- Rs 1300 cr debt restructuring mandate given to SBI Cap: Ankit Miglani, Uttam Galva
In the wake of a substantial re-financing of the company's debts, Ankit Miglani, Deputy Managing Director, Uttam Galva talks to ET Now on h...
- ArcelorMittal begins work on JV plan
ArcelorMittal, the world’s largest steel company by capacity, is in the preliminary stages of building its first greenfield steel plant in ...
- Essar sweetens Aussie coal miner bid
The Essar Group company on Wednesday confirmed that it had put in a bid of 50 cents for every share of Rocklands, which is higher than the ...
- Arcelor shareholders go after Mittal
ArcelorMittal received a writ of summons on behalf of certain shareholders of Arcelor S A to appear before a judge in summary proceedings o...
- Domestic steel cos' ore plans stuck with govt
Even as Tata Steel, ArcelorMittal and other integrated steel companies in the country announce multi-billion-dollar greenfield projects.
- New brand identity for Arcelor Mittal soon
It will perhaps go down as one of the most challenging brand launches in recent adverstising history.