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ArcelorMittal to Restart No2 BF at Tubaro in Brazil
Thu, 09 Jul 2020 03:49:00 GMT
ArcelorMittal Brasil will restart activities of the No 2 blast furnace at its Tubaro mill, in the Brazilian south-eastern state of Esprito Santo, on July 26, after more than a year of

ArcelorMittal reiterates commitment to Ilva
Fri, 19 Jun 2020 00:00:00 GMT
ArcelorMittal Italia chief executive Lucia Morselli says the company intends to comply with the agreement signed on 4 March with the Italian government for the relaunch of former Italian steelmaker Ilva. This is in response to the latest declarations by Prime Minister Giuseppe Conte and economic development minister Stefano Patuanelli that ArcelorMittals latest industrial

ArcelorMittal/Bekaert Brazilian joint venture expands e-commerce
Fri, 24 Apr 2020 00:00:00 GMT
ArcelorMittal Brazil says its joint venture with Bekaert, Belgo Mineira Bekaert Artefatos de Arames,has improved its commercial policy and started to sell steel wire through its online store,Kallanishlearns from the company. Steel e-commerce is an option with potential for growth, especially due to the ease of the process, Belgo Bekaert Arames says. We need

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

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
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

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