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Arcelor Mittal business headlines and news reports


Courts, banks must fast-track Essar resolution: Sajjan Jindal ...
Thu, 06 Jun 2019 00:00:00 GMT
Jindal feels the near-$10 billion cheque that ArcelorMittal may be writing for Essar Steel may not be viable.
https://economictimes.indiatimes.com/industry/indl-goods/svs/steel/courts-banks-must-fast-track-essar-resolution-sajjan-jindal-chairman-jsw-group/articleshow/69669527.cms


As JV talks with ArcelorMittal face delay, SAIL starts looking ...
Sun, 02 Jun 2019 00:00:00 GMT
Billionaire L N Mittal's ArcelorMittal, Chaudhary said, is very new to India while SAIL has been operating for 60 years
https://economictimes.indiatimes.com/industry/indl-goods/svs/steel/as-jv-talks-with-arcelormittal-face-delay-sail-starts-looking-for-options/articleshow/69618881.cms


SEAISI Press Release
Fri, 31 May 2019 00:00:00 GMT
ArcelorMittal Declares Production Cuts in More EU Steel Mills
http://www.seaisi.org/news_details.php?nid=8710


Atlantic coking coal demand hit by latest ArcelorMittal, Europe ...
Thu, 30 May 2019 03:11:00 GMT
That, and British Steels insolvency, is bruising sentiment on US met coal sales. With ArcelorMittal buying US coal last year for both US and Atlantic-based operations, and Europe a major US met coal
https://www.hellenicshippingnews.com/atlantic-coking-coal-demand-hit-by-latest-arcelormittal-europe-steel-cuts/&c=17061517611568654016&mkt=en-gb


ArcelorMittal tumbles after cutting European steel output
Wed, 29 May 2019 15:26:00 GMT
ArcelorMittal fell the most in two years after announcing that its cutting steel production across its European plants ... that are being stoked by mine closures in Brazil. Earlier this month,
https://www.moneyweb.co.za/news/companies-and-deals/arcelormittal-tumbles-after-cutting-european-steel-output/&c=904638579683873760&mkt=en-gb


ArcelorMittal, Resurgent Power may put in joint bid for Essar ...
Tue, 28 May 2019 00:00:00 GMT
ArcelorMittal had previously submitted a non-binding offer of Rs 4,800 crore for the same asset.
https://www.moneycontrol.com/news/business/companies/arcelormittal-resurgent-power-may-put-in-joint-bid-for-essar-powers-plant-4030901.html


NCLAT reserves order on ArcelorMittal takeover of Essar Steel
Tue, 21 May 2019 00:00:00 GMT
A two-member bench headed by Chairman Justice S J Mukhopadhaya asked all parties, including ArcelorMittal, to file their written submissions over their submissions by May
https://www.moneycontrol.com/news/business/companies/nclat-reserves-order-on-arcelormittal-takeover-of-essar-steel-4001301.html


ArcelorMittal resolution plan violative of IB Code: Prashant ...
Wed, 15 May 2019 00:00:00 GMT
Senior advocate U K Chaudhary, representing Ruia, said that the proposal of ArcelorMittal India was in violation of IBC code as the proposal if approved negates the right of Subrogation of the
https://economictimes.indiatimes.com/industry/indl-goods/svs/steel/arcelormittal-resolution-plan-violative-of-ib-code-ruia-to-nclat/articleshow/69348143.cms


Arcelor paying Rs 39,500 crore for Essar Steel and not Rs 42,000 ...
Mon, 13 May 2019 00:00:00 GMT
Kapil Sibal argued that acceptance of Rs 39,500 crore as the bid amount by the Committee of Creditors (CoC) of Essar Steel, to which Standard Chartered Bank (SCB) was not part, is contrary to the undertaking given by ArcelorMittal to the Supreme
https://economictimes.indiatimes.com/industry/indl-goods/svs/steel/arcelor-paying-rs-39500-crore-for-essar-steel-and-not-rs-42000-cr-scb-counsel-kapil-sibal/articleshow/69310602.cms


Ukraine: another accident at AMKR
Fri, 10 May 2019 09:45:31 GMT
On May 6, an employee was injured at ArcelorMittal Kriviy Rih. The accident happened at the blast furnace shop No. 1 bin trestle. The Industrial Service Company LLC employee was loading sinter and got burned. (Ukrainian
https://metalukraine.com/2019/05/10/ukraine-another-accident-at-amkr.html


SEAISI Press Release
Fri, 10 May 2019 00:00:00 GMT
Smallest quarterly profit for ArcelorMittal since 2016
http://www.seaisi.org/news_details.php?nid=8649


ArcelorMittal remains pessimistic about 2019 European steel demand
Fri, 10 May 2019 00:00:00 GMT
ArcelorMittal expects European steel demand to move down by a maximum of -1% this year, compared with 2018,Kallanishlearns from the companys presentation presented in its latest financial results. The outlook is somewhat more negative that those issuedby the World Steel Association (+0.3% year-on-year) and Eurofer (-0.4% y-o-y). The company posted stable sales in Europe
http://eurometal.net/arcelormittal-remains-pessimistic-about-2019-european-steel-demand/


ArcelorMittal cuts EU steel demand outlook
Thu, 09 May 2019 22:24:00 GMT
Based on year-to-date growth and the current economic outlook, ArcelorMittal expects global apparent steel consumption to ... growth of up to 1.0%). In Brazil, our 2019 ASC forecasts have been
https://steelguru.com/steel/arcelormittal-cuts-eu-steel-demand-outlook/539986&c=1562305143480823486&mkt=en-gb


Falling steel prices hit ArcelorMittal bottom line
Thu, 09 May 2019 17:06:00 GMT
PARIS: ArcelorMittal, the worlds largest steel firm, said Thursday its net ... costs as a result of supply-side developments in Brazil, he added. The sales figure beat the analyst consensus
https://gulfnews.com/business/falling-steel-prices-hit-arcelormittal-bottom-line-1.63841126&c=13636133715752382595&mkt=en-gb


Steelmaker ArcelorMittal downbeat on key European market
Thu, 09 May 2019 00:00:00 GMT
ArcelorMittal increased its growth forecast for 2019 global apparent steel consumption, which also reflects changes in inventory levels, to 1.0-1.5 percent from its February guidance of 0.5-1.0
https://www.moneycontrol.com/news/business/companies/steelmaker-arcelormittal-downbeat-on-key-european-market-3951651.html


Number of news reports: 15




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