ArcelorMittal to hike stake in Chinese steel JV to 49 per centArcelorMittal today said it will increased its stake from 33 per cent to 49 per cent in a joint venture with China's Valin Steel.
- China discovers Asia's biggest iron ore deposit
More than half of India’s exports to China are iron ore. Beijing is also heavily dependent on supplies from Australia, Japan and South Kore...
- Asia's largest iron ore deposit discovered in China
Geologists have discovered 'Asia's largest' iron ore deposit in northeast China's Liaoning province, with an estimated reserve of more than...
- BHP Billiton loses 400 jobs, Rio to close smelter
The world's biggest miner, BHP Billiton, said Thursday it would axe Australian jobs, while rival Rio Tinto shut down an iron ore smelter, i...
- China may invest $3 bn in Aussie miner Fortescue
China, the world’s largest metal consumer, may invest about $3 billion in Fortescue Metals Group Ltd, Australia’s third-biggest iron ore ex...
- ArcelorMittal signs JV pact with China's Hunan Valin Steel
World's largest steel maker ArcelorMittal on Wednesday said it has signed a joint venture agreement with China's Hunan Valin Steel Group fo...
- ArcelorMittal to set up steel JV in China
ArcelorMittal, the world's leading steel making company headed by London-based Indian tycoon Laxmi Niwas Mittal, will set up a joint ventur...
- ArcelorMittal launches automotive joint venture
The JV would have an annual production capacity of 1.2 million tons of flat carbon steel, mainly for automotive applications. Challenges fo...
- Bengal woos steel majors, plans to allot coal fields
The West Bengal government is putting pressure on the Centre in its attempt to woo steel industries in the state.
- ArcelorMittal buys into Chinese steel wire co for $27 m
Arcelor Mittal, the world’s largest steel maker, said Monday it bought 90% of Chinese steel wire company Rongcheng Chengshan Steelcord for ...
- ArcelorMittal to invest in Lianyuan's expansion
The new cold mill is scheduled to be brought on stream around 2010, as a downstream facility serviced by the new hot mill.
- ArcelorMittal to invest in Lianyuan's expansion
NRI steel baron L N Mittal-run ArcelorMittal and China's Valin Group will fund a new 4.4-MT strip mill and a 2-MT cold rolled steel mill of...
- Mittal Steel has no 'key man life insurance' on LNM
Lakshmi Niwas Mittal is the key force behind the growth story of his empire, but the company headed by him does not have a "key man life in...
- Mittal Steel has no 'key man' life cover
Any loss or diminution in the services of Lakshmi N Mittal poses a key risk to his company.
- Arcelor, Hunan Valin may jointly invest in mines
Arcelor Mittal and Hunan Valin Iron & Steel Group may jointly invest in iron ore mines to help reduce the cost of the raw material.
- Post-Arcelor: It's Baotou wooing Mittal
Chinese company, Baotou Iron & Steel is in talks with Arcelor Mittal over the possible sale of 49% stake.
- China fears Mittal-Arcelor heat concerned over Mittal's merger plans
Chinese steel industry has for the first time openly expressed concern over the merger of global steel giants, Mittal with Arcelor, saying ...