ArcelorMittal News

SEAISI Press Release
Thu, 19 Mar 2020 00:00:00 GMT
ArcelorMittal To Shut Down Steel Plants in Italy


ArcelorMittal Italia to temporarily reduce steel production at ...
Wed, 18 Mar 2020 00:00:00 GMT
ArcelorMittal Italia, the largest Italian flat steel producer, has reached agreement with its employee unions to temporarily reduce output at its Taranto site in the south of the country, with around 50% of its workforce set to stay at home in response to stringent government measures to contain the coronavirus outbreak, sources close to


ArcelorMittal Italia to reduce output in Taranto: Unions
Wed, 18 Mar 2020 00:00:00 GMT
ArcelorMittal Italia is reducing production volumes at its main steelworks in Taranto,Kallanishlearns from trade unions at the site. Steel shop number 1 and blast furnace no. 2 will be idled together this week with the plate mill and strip mill no. 1. The company will implement temporary layoffs for half of the workers for


SEAISI Press Release
Thu, 05 Mar 2020 00:00:00 GMT
ArcelorMittal reaches agreement in Italy on former Ilva


ArcelorMittal reaches agreement in Italy on former Ilva
Thu, 05 Mar 2020 00:00:00 GMT
ArcelorMittal has reached an agreement with the Italian authorities over the future of the former Ilva group, amending the existing lease and purchase agreement. The new resolutionstops boththe ongoing legal procedures and the possibility of ArcelorMittal to immediately terminate its control over the Italian integrated steelmaker. The amendment agreement outlines the terms for a


ArcelorMittal, Italian government agree to hearing delay
Fri, 14 Feb 2020 00:00:00 GMT
ArcelorMittal and the Italian government agreed on 7 February to postpone the tribunal hearing over the ownership of the former Italian steelmaker Ilva,Kallanishlearns from sources close to the matter. Just a few hours before the hearing was due to take place last Friday, both parties submitted a draft agreement and asked the tribunal to


SEAISI Press Release
Mon, 10 Feb 2020 00:00:00 GMT
ArcelorMittal, Italian government agree to hearing delay


SEAISI Press Release
Thu, 23 Jan 2020 00:00:00 GMT
ArcelorMittal Nippon Steel participating in Odisha iron ore mine auctions: CEO Dilip Oomme


Arcelor Mittal's Essar Steel buy may not severely hit other players
Thu, 09 Jan 2020 00:00:00 GMT
Arcelor Mittals debut in steel industry through acquisition of Essar Steel will raise the competition in the domestic steel sector. Nevertheless there is still headroom for steel companies to increase capacities with consumption demand tipped to grow at 6-7%. Ind-Ra said continued regulatory support is critical to protect local steel players against the threat of


Italian court says Taranto steel plant's blast furnace 2 can ...
Thu, 09 Jan 2020 00:00:00 GMT
An Italian appeals court Tuesday decided that blast furnace No. 2 at the ArcelorMittal Italia plant, formerly the Ilva steelworks, in Taranto can stay open and continue to produce steel, Italian steel federation Federaccia and the plants labor unions said. ArcelorMittal declined to comment. The Taranto Appeals Court accepted the appeal by Ilvas extraordinary


Essar Steel deal done, ArcelorMittal and Nippon Steel set targets ...
Wed, 08 Jan 2020 00:00:00 GMT
A major focus area for the two partners would be research and development. ArcelorMittal invests $300 million a year into R&D, and its partner has put in about $2 billion in last three years in research and


Nippon Steel & Sumitomo Metal Corporation - Press Release
Tue, 17 Dec 2019 09:01:29 GMT
ArcelorMittal and N ippon Steel Complete Joint Acquisition of Essar ...


SEAISI Press Release
Tue, 17 Dec 2019 00:00:00 GMT
ArcelorMittal says it has completed acquisition of Essar Steel


ArcelorMittal completes acquisition of Essar Steel
Mon, 16 Dec 2019 00:00:00 GMT
According to a release, the company has also established a joint venture with Nippon Steel called ArcelorMittal Nippon Steel India (AM/NS India), which will own and operate Essar


NCLAT dismisses ArcelorMittal plea over EPC Construction
Mon, 16 Dec 2019 00:00:00 GMT
ArcelorMittal India, subsidiary of the global steel major, had challenged it before the NCLAT contending that the action of the CoC is vitiated by procedural irregularities rendering illegal approval. The steel major has contended that the resolution plan submitted by it was ex facie a better resolution plan selected by the


ArcelorMittal initiates Rs 42,000 cr payment for Essar Steel ...
Sat, 14 Dec 2019 00:00:00 GMT
ArcelorMittal has initiated payment for acquisition of debt-ridden Essar Steel for Rs 42,000 crore.


ArcelorMittal initiates Rs 42,000 cr payment for Essar Steel ...
Sat, 14 Dec 2019 00:00:00 GMT
According to banking sources, Payment from ArcelorMittal has started flowing and entire payment is expected to be cleared in a day or two. Another source privy to the development said ArcelorMittal has arranged the entire fund and is likely to transfer the amount by Monday. After the payment to the lenders, this will be the single-biggest recovery under the


ArcelorMittal aims to complete Essar Steel acquisition by 2019-end
Tue, 19 Nov 2019 00:00:00 GMT
ArcelorMittal India Private Limited's (AMIPL) resolution plan for Essar Steel India Limited (ESIL') has been unconditionally approved by the Supreme Court of India and the approval of AMIPL's resolution plan is the final procedural step in ESIL's corporate insolvency process, the company said in a


ArcelorMittal says it is calling off acquisition of Italy's Ilva
Tue, 05 Nov 2019 00:00:00 GMT
ArcelorMittal's decision sparked outrage across Italy, with trade unions blaming the steel giant and the ruling anti-establishment for pulling the rug out from under the deal which would have safeguarded thousands of


ArcelorMittal reports $0.447 billion net loss for June quarter
Thu, 01 Aug 2019 00:00:00 GMT
ArcelorMittal follows January-December financial year.


Number of news reports: 20