SC asks Numetal to establish subterfuge charge against ArcelorMittal.
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The following news item appeared in the international steel industry press.

Title: SC asks Numetal to establish subterfuge charge against ArcelorMittal
Date: Tue, 18 Sep 2018 00:00:00 GMT

Report: The observation by the court came when NuMetal accused steel and mining major ArcelorMittal of cheating Indian banks of Rs 7,000 crore owed by Uttam Galva Steels and KSS Petron by selling its shares just before bidding for Essar Steel.
Keywords: india, arcelormittal, steel, numetal

Source:, India.
Press release: see full report.

Related: For further information on ArcelorMittal see history of ArcelorMittal or check our the latest ArcelorMittal news. For further information related to the Indian steel sector see our South Asia steel sector news page.

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