Arcelormittal news headlines and latest press reports.
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Steel News: ArcelorMittal

ArcelorMittal business headlines and news reports


ArcelorMIttal mulling 600 MW solar farm in Karnataka
Fri, 16 Feb 2018 00:00:00 GMT
The land in Karnataka was originally allotted to ArcelorMIttal for a proposed $6.5 billion project to set up a 6 million tonne greenfield steel plant.
https://economictimes.indiatimes.com/industry/indl-goods/svs/steel/arcelormittal-mulling-600-mw-solar-farm-in-karnataka/articleshow/62947959.cms


ArcelorMittal and Ruia-backed Numetal bid for Essar Steel
Mon, 12 Feb 2018 00:00:00 GMT
The race for buying the bankrupt Essar Steel boiled down to just two - billionaire Lakshmi Mittal who built his steel empire by buying up bankrupt companies across the globe, and Numetal, a joint venture between Russia's VTB Bank and a member of the Ruia clan - Rewant Ruia, said two people familiar with the matter. Mittal expressed optimism about the Indian steel industry and said it has submitted a detailed plan that would address many of Essar's operational issues that had dragged the firm ...
https://economictimes.indiatimes.com/industry/indl-goods/svs/steel/arcelormittal-and-ruia-backed-numetal-bid-for-essar-steel/videoshow/62889467.cms


ArcelorMittal and Numetal bid for Essar Steel
Mon, 12 Feb 2018 00:00:00 GMT
Both, ArcelorMittal India Private Ltd., and Numetal Ltd have deposited Rs 500 crores in the escrow account to convey their interest in Essar Steel.
https://economictimes.indiatimes.com/industry/indl-goods/svs/steel/arcelormittal-and-numetal-bid-for-essar-steel/articleshow/62888154.cms


JSW Steel-Piramal to bid for Bhushan Steel, JFE Steel opts out
Sun, 11 Feb 2018 00:00:00 GMT
Besides JSW Steel, Luxembourg-based multinational steel firm ArcelorMittal and domestic industry major Tata Steel and are said to be in race for Bhushan Steel.
https://economictimes.indiatimes.com/industry/indl-goods/svs/steel/jsw-steel-piramal-to-bid-for-bhushan-steel-jfe-steel-opts-out/articleshow/62870055.cms


Long steel industry concentration in Brazil: ArcelorMittal taking ...
Thu, 08 Feb 2018 03:30:00 GMT
The Brazilian unit of ArcelorMittal expects to conclude in the second quarter the takeover of rival Votorantim Siderurgia SA to become the countrys largest long steel producer, a senior company executive said. Jefferson de Paula, ArcelorMittal executive ...
http://en.mercopress.com/2018/02/08/long-steel-industry-concentration-in-brazil-arcelormittal-taking-over-votorantim&c=16988085470044449187&mkt=en-gb


ArcelorMittal to argue case for steelmaker Ilva purchase at EU ...
Thu, 08 Feb 2018 00:00:00 GMT
By Foo Yun Chee BRUSSELS Reuters - World No. 1 steelmaker ArcelorMittal will seek to fend off EU antitrust concerns about its proposed 1.8-billion-euro (1.6 billion) purchase of Italian peer Ilva ...
http://uk.investing.com/news/stock-market-news/arcelormittal-to-argue-case-for-steelmaker-ilva-purchase-at-eu-hearing-1023909


Brazil approves ArcelorMittal acquisition of VSA
Wed, 07 Feb 2018 23:55:00 GMT
The deal will boost ArcelorMittal Brazil's crude steel production to 5.6 million tonnes per year (tpy) and rolled steel capacity to 5.4 million tpy, added the S&P Global Platts report. The acquisition will enable ArcelorMittal to become the largest long ...
http://www.tradearabia.com/news/IND_336543.html&c=225760060534882843&mkt=en-gb


ArcelorMittal Brazil gets Cade nod to buy Votorantim - Report
Wed, 07 Feb 2018 21:51:00 GMT
Jefferson de Paula, ArcelorMittal executive vice president, said in a phone interview on Wednesday that ArcelorMittals long steel capacity in Brazil would reach up to 6 million tonnes per year after the tie-up. He added ArcelorMittal expects to ...
https://steelguru.com/steel/arcelormittal-brazil-gets-cade-nod-to-buy-votorantim-report/501768&c=17792996610113159321&mkt=en-gb


ArcelorMittal to top Brazil's long steel output after Votorantim ...
Wed, 07 Feb 2018 15:23:00 GMT
SAO PAULO/BRASILIA Reuters - The Brazilian unit of ArcelorMittal expects to conclude in the second quarter the takeover of rival Votorantim Siderurgia SA to become the countrys largest long steel producer, a senior company executive said. Jefferson de ...
https://www.reuters.com/article/us-votorantim-siderurgia-m-a-arcelormitt/arcelormittal-to-top-brazils-long-steel-output-after-votorantim-deal-executive-idUSKBN1FR2N6&c=4141987763546793898&mkt=en-gb


Brazil OKs Votorantim takeover by ArcelorMittal, calls for asset ...
Wed, 07 Feb 2018 12:01:00 GMT
Two councilors voted against the deal. A lawyer representing suppliers to steelmakers, Leonardo Palhares, said the decision adds concentration to the long steel market in Brazil. Gerdau SA and Arcelor now hold 80 percent of the market, Palhares said ...
https://uk.reuters.com/article/us-votorantim-siderurgia-m-a-arcelormitt/brazil-oks-votorantim-takeover-by-arcelormittal-calls-for-asset-sales-idUKKBN1FR2N6&c=9058823421184063411&mkt=en-gb


ArcelorMittal to exit Uttam Galva to make way for new steel bids
Tue, 06 Feb 2018 00:00:00 GMT
The sale could free ArcelorMittal, the world's biggest steelmaker, to bid for other Indian steel assets which are being auctioned off as part of insolvency proceedings.
https://economictimes.indiatimes.com/industry/indl-goods/svs/steel/arcelormittal-to-exit-indias-uttam-galva-to-make-way-for-new-steel-bids/articleshow/62806592.cms


Bhushan Steel may get bids up to twice the liquidation value
Sat, 03 Feb 2018 00:00:00 GMT
As the likes of Tata Steel, JSW, Vedanta and Arcelor Mittal queue up with bids, there is speculation that the Saturday deadline may be extended.
https://economictimes.indiatimes.com/industry/indl-goods/svs/steel/bhushan-steel-may-get-bids-up-to-twice-the-liquidation-value/articleshow/62765788.cms


ArcelorMittal boosted by recovery in steel markets
Wed, 31 Jan 2018 15:04:00 GMT
Theyve made progress in 2017, but still have some way to go in terms of having a steel industry which is balanced, he added. Sales rose in each of ArcelorMittals divisions in North America, Brazil, Europe and one comprising Kazakhstan, South ...
https://www.ft.com/content/f01e6232-0667-11e8-9650-9c0ad2d7c5b5&c=15271384661874532810&mkt=en-gb


ArcelorMittal, Nippon tie up to jointly bid for Essar Steel
Mon, 29 Jan 2018 00:00:00 GMT
ArcelorMittal and Nippon Steel had originally planned to submit independent bids for Essar Steel, which is among the five steel companies up for sale.
https://economictimes.indiatimes.com/industry/indl-goods/svs/steel/arcelormittal-nippon-tie-up-to-jointly-bid-for-essar-steel/articleshow/62688282.cms


Ukraine: EMSS fulfilling AM roll order
Fri, 26 Jan 2018 11:04:41 GMT
Energomashspetsstal is fulfilling the order to supply rolls for ArcelorMittal. According to the contract, in December 2017 the company shipped 343 tons of rolls. The rolls went to ArcelorMittal plants situated in Kazakhstan, France and Ukraine. The supporting rolls will be used in hot- and cold-rolling mills. (Ukrainian metal)
https://metalukraine.com/2018/01/26/ukraine-emss-fulfilling-am-roll-order.html


Number of news reports: 15




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