NCLAT asks resolution professional, lenders, NCLT to hold order ...Tue, 22 May 2018 00:00:00 GMT
The appellate tribunal also admitted the cross petitions filed by Russia's VTB Capital-based NuMetal and Arcelor Mittal, two resolution applicant challenging their disqualification for Essar Steel.
Uttam Galva promoters say unaware of ArcelorMittal move to clear ...Wed, 16 May 2018 00:00:00 GMT
We are not aware of any such move. I have no communication of any kind, the company's chairman said on ArcelorMittal's reported move to transfer about Rs 7,000 cr to an escrow account.
ArcelorMittal may return as Uttam Galva promoterWed, 16 May 2018 00:00:00 GMT
Sources said since ArcelorMittal has already exited Uttam Galva in the wake of its Essar Steel bid, the LN Mittal company has no formal shareholding left in Uttam Galva.
Steel Market 2018 Global Leading Growth Drivers, Opportunities ...Tue, 15 May 2018 06:10:00 GMT
Absal Steel, ArcelorMittal, Hadeed (SABIC),Solb Steel Company. The report has been categorized in two distinctive sections, where the first category titled as Market Overview provides a holistic view of the market, key trends, drivers, challenges ...
ArcelorMittal transfers Rs 7,000 cr to SBI escrow A/c to clear ...Tue, 15 May 2018 00:00:00 GMT
ArcelorMittal continues to believe its eligible and has transferred the money to show its commitment to India and Essar Steel, sources told Moneycontrol.
ArcelorMittal parks Rs 7,000 crore with SBI to clear Uttam Galva ...Tue, 15 May 2018 00:00:00 GMT
A core committee of lenders of Essar Steel met the executives of the companies in Mumbai after ArcelorMittals payment was credited to the SBI account.
Vedanta's bid for Essar Steel should be considered: Anil AgarwalMon, 14 May 2018 00:00:00 GMT
Vedanta was called to bid for the debt-laden steel asset when questions arose over the eligibility of firstround bidders, Russian investment bank VTB-backed Numetal, and Lakshmi Mittals ArcelorMittal.
Ukraine: AMKR to get Sumy pumpsFri, 11 May 2018 10:00:21 GMT
Sumy Machine-Building Scientific Enterprise has produced liquid-packet ring pumps for ArcelorMittal Kriviy Rih. The capacity of the pumps is 300 cubic meters per second. AMKR will receive 3 pumps. The weight of each machine is 13 tons. (Ukrainian metal)
Essar Steel lenders set rider for Numetal, ArcelorMittalWed, 09 May 2018 00:00:00 GMT
While the committee of creditors didnt specify the amount, for Numetal it could be more than Rs 40,000 crore and for ArcelorMittal it could be Rs 7,000 crore, said the bankers.
ArcelorMittal hires Bank of America to sell European steel assetsWed, 09 May 2018 00:00:00 GMT
The ArcelorMittal takeover of Ilva is expected to improve the pricing power of EU steelmakers in the longer term by reducing the number of sellers in the market.
Essar Steel lenders want ArcelorMittal, Numetal to clear all ...Fri, 04 May 2018 00:00:00 GMT
Lenders will meet next week again to consider the bids, now that ArcelorMittal has offered to repay some dues as a 'goodwill gesture'
Swift decision on Essar in interest of all stakeholders: ArcelorMittalFri, 04 May 2018 00:00:00 GMT
The CoC had met representatives of ArcelorMittal and Numetal which are in the race to acquire Essar Steel regarding their eligibility and a decision is awaited.
ArcelorMittal says may pay off dues of Uttam Galva as a 'goodwill ...Thu, 03 May 2018 00:00:00 GMT
The Committee of Creditors (CoC) had yesterday met representatives of ArcelorMittal and Numetal which are in the race to acquire the stressed asset regarding their eligibility.
Mexico's Grupo Simec acquires two steel product plants in BrazilWed, 02 May 2018 08:00:00 GMT
Grupo Simec, S.A.B de C.V., (Simec) reports that it has entered to a contract with Arcelor Mittal Brasil, S.A. for the acquisitions of the steel products plants of Cariacica and Itauna, both in Brazil and for steel wire drawn equipment for the production ...
Essar bid: Numetal too has to clear dues of connected partiesMon, 30 Apr 2018 00:00:00 GMT
Lenders have asked both Numetal and ArcelorMittal to make a case for their eligibility to bid for Essar Steel on May 2 and give a plan to clear the arrears of the connected parties.
Number of news reports: 15