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Latest Articles in arcelormittal

ArcelorMittal Nippon Steel India Inks Rs 5K Cr Pact With POSCO Maharashtra Steel To Supply Hot Rolled Coils

AM/NS India and POSCO Maharashtra Steel will also jointly work to enhance the quality of current grades and develop new value-added grades to provide the best quality and state-of-the-art steel products and solutions to consumers.

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NCLAT Stays NCLT Order Directing ArcelorMittal India To Pay Rs 1,300 Cr As IRP Cost

Passing an interim order, a two-member bench comprising Acting Chairperson Justice B L Bhat has stayed the order passed by the National Company Law Tribunal (NCLT) over the plea filed by ArcelorMittal India.

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ArcelorMittal Beats Profit Expectations After Lockdown Low

The company, which makes around 5% of the world's steel, said core profit (EBITDA) fell 15% from a year earlier to $901 million, compared with an average expectation of $838 million in a company-compiled poll.

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ArcelorMittal In Talks To Merge US Assets With Cleveland-Cliffs

ArcelorMittal's U.S. business has more than 18,000 employees and 25 facilities, including mines, steelmaking facilities and finishing operations, according to the company's website.

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ArcelorMittal Reports $559 Million Net Loss In Apr-Jun Quarter

Sales in April-June quarter stood at $11.0 billion, as compared to $19.3 billion in the corresponding period of 2019

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Naveen Patnaik holds discussion with Lakshmi Mittal on investment in Odisha

Naveen Patnaik holds discussion with Lakshmi Mittal on investment in Odisha

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ArcelorMittal Flags Lower Profits, Hopes Lockdown Easings Herald Turnaround For Steel

First-quarter core profit this year came in at $967 million, beating an average forecast in a company poll of $867 million.

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ArcelorMittal Sees Drop In Steel Shipments And Profits

Chief Executive Lakshmi Mittal said on Thursday the company's core markets had showed signs of improvement at the end of 2019, but activity and market conditions had since worsened.

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ArcelorMittal, Nippon Steel Sign $5.15 Billion Loan Pact To Refinance Essar Steel Buy

The 10-year-term loan would be used to refinance their acquisition of Essar Steel India, now known as ArcelorMittal Nippon Steel India.

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Arcelormittal, Nippon Steel Sign $5.15 Billion Loan Pact To Refinance Essar Steel Buy

India's Supreme Court cleared the path for ArcelorMittal to take over bankrupt Essar Steel, following a legal tussle that had dragged through multiple courts for over two years

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ArcelorMittal Aims To Complete Essar Steel Acquisition By 2019-end

The Supreme Court on Friday paved the way for ArcelorMittal takeover of Essar Steel for Rs 42,000 crore.

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Supreme Court Clears Path For Arcelormittal To Acquire Essar Steel

The apex court said operational creditors cannot be treated on par with financial creditors of a bankrupt company.

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Arcelormittal Slips To Third-Quarter Net Loss, Sees US Steel Downturn, Worse In Europe

The Luxembourg-based company said global steel consumption, including the impact of inventory changes, would grow in 2019 by 0.5-1.0% this year, towards the lower end of its previous guidance of 0.5-1.5%.

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ArcelorMittal Cuts Steel Demand View On Europe Slump

The Luxembourg-based company, which accounts for about 6% of the world's steel production, on Thursday said it now expected global apparent steel consumption, which includes inventory changes, to rise between 0.5% and 1.5% in 2019, from a previous forecast of 1%-1.5%.

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Court Rejects Plea Against Arcelormittal's Bid For Essar Steel

ArcelorMittal has been trying to enter India's steel market, which is dominated by local companies, for over a decade but bureaucratic hassles and land acquisition woes stifled its bids.

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