ArcelorMittal

ArcelorMittal's Ilva bid stalled, but EU steel to benefit either way

ArcelorMittal's Ilva bid stalled, but EU steel to benefit either way

Meanwhile, EU antitrust authorities have opened a full inquiry which is likely to see ArcelorMittal`s junior bid partner, Italian steel processor Marcegaglia, exit the deal to buy Ilva.

Dec 05, 2017, 20:44 PM IST
ArcelorMittal, Tata Steel evince interest in Bhushan Steel

ArcelorMittal, Tata Steel evince interest in Bhushan Steel

According to the information on Bhushan Steel Ltd website, the company is the 3rd largest secondary steel producer in the country with an existing steel production capacity of 5.6 million ton per annum.

Nov 16, 2017, 22:03 PM IST
ArcelorMittal's focus on other assets may hit $1 billion Indian JV

ArcelorMittal's focus on other assets may hit $1 billion Indian JV

The Luxembourg-based company, known for turning around troubled steel assets, is looking for a foothold in India.

Sep 26, 2017, 17:27 PM IST

European Union imposes import duties on some Chinese steel to counter subsidies

The European Union has imposed provisional import duties of as much as 28.5 percent on certain Chinese corrosion-resistant steels after an eight-month investigation found that the products benefited from unfair subsidies.

Aug 10, 2017, 17:28 PM IST
SAIL seeks NITI help to resolve differences with ArcelorMittal

SAIL seeks NITI help to resolve differences with ArcelorMittal

There were differences between the two companies on certain points under the Memorandum of Understanding, so it was decided to extend it for another three months from the deadline of May 31, 2017, the official said.

Jun 25, 2017, 14:46 PM IST

ArcelorMittal tipped to take over Italy`s Ilva

A consortium led by global steel giant ArcelorMittal is tipped to take over Italy`s troubled Ilva steelworks, one of the most polluting industrial sites in Europe, a source told AFP on Friday.

May 26, 2017, 20:32 PM IST
ArcelorMittal agrees on concessions to seal delayed $897 million JV with SAIL

ArcelorMittal agrees on concessions to seal delayed $897 million JV with SAIL

ArcelorMittal, the world`s largest steel producer, said on Wednesday it has agreed to make concessions to Steel Authority of India on technology transfer to seal a delayed $897 million automotive joint venture.

May 24, 2017, 17:20 PM IST

ArcelorMittal Q1 Net at $1 bn; debt rises to $12.1 bn

The world's largest steelmaker ArcelorMittal on Friday reported a net profit of USD 1 billion for the quarter ended March 31, 2017 but reported a rise in net debt to USD 12.1 billion during the period.

May 12, 2017, 15:04 PM IST
ArcelorMittal posts USD 403 million net profit in December quarter

ArcelorMittal posts USD 403 million net profit in December quarter

 ArcelorMittal today reported a net profit of USD 403 million for the quarter ended December 2016 on the back of better sales and higher operating income.

Feb 10, 2017, 14:37 PM IST
China''s Baosteel details Wuhan deal to forge ArcelorMittal rival

China''s Baosteel details Wuhan deal to forge ArcelorMittal rival

China`s Baosteel Group fleshed out its plans to buy rival Wuhan to create the world`s second-largest steelmaker behind ArcelorMittal on Thursday, part of Beijing’s effort to consolidate its fragmented steel industry.

Sep 22, 2016, 18:05 PM IST
SAIL-ArcelorMittal $1 bn JV to be finalised by December: Govt

SAIL-ArcelorMittal $1 bn JV to be finalised by December: Govt

The proposed USD 1 billion JV between global steel giant ArcelorMittal and India's largest producer of the metal SAIL will be finalised by December.

Sep 21, 2016, 14:43 PM IST
ArcelorMittal to pay $110 million fine for price fixing in South Africa

ArcelorMittal to pay $110 million fine for price fixing in South Africa

Steelmaker ArcelorMittal has agreed to pay a $110-million (88-million-euro) fine for illegal price fixing in South Africa, the country`s competition watchdog announced Monday.

Aug 22, 2016, 19:04 PM IST

ArcelorMittal Q1 net loss down to $416 mn; reports higher debt

ArcelorMittal today said its net loss narrowed down to USD 416 million (about Rs 2,766 crore) in the quarter ended March 31, but the steel giant reported a rise in debt to USD 17.3 billion during the period.

May 06, 2016, 18:28 PM IST

ArcelorMittal raises $3 billion via rights issue

Steel giant ArcelorMittal said it has successfully completed a USD 3 billion rights issue, proceeds of which will be utilised to pare debt.

Apr 05, 2016, 20:19 PM IST
ArcelorMittal USA to secure up to $1 bn loan facility

ArcelorMittal USA to secure up to $1 bn loan facility

Steel giant ArcelorMittal today said its US-based subsidiary intends to secure up to USD 1 billion 5-year revolving credit facility, which the firm will utilise for general corporate purposes.

Apr 04, 2016, 15:27 PM IST
After UK exit, Tata may combine European steel business with Thyssenkrupp: Source

After UK exit, Tata may combine European steel business with Thyssenkrupp: Source

Tata Steel and Germany`s Thyssenkrupp have been talking about combining their European steel operations, a person aware of the talks said on Friday

Apr 01, 2016, 21:31 PM IST

ArcelorMittal to sell LaPlace and Vinton steel plants in US

World's largest steel manufacturer ArcelorMittal is selling its LaPlace and Vinton Long Carbon facilities in the US to an affiliate of the asset management firm Black Diamond Capital Management.

Mar 25, 2016, 16:13 PM IST

ArcelorMittal's losses at $8 billion; to raise $3 billion, cut debt

The world's largest steelmaker outlined a plan to reduce its USD 15.7 billion net debt by nearly a quarter.

 

Feb 05, 2016, 23:50 PM IST

Spanish stock market closes higher

On Wednesday session Inditex shares led rises climbing 2.71 percent, followed by Gamesa, Enagas, Gas Natural, Grifols and Abertis A that rose 2.52 percent, 2.49 percent, 2.10 percent, 1.81 percent and 1.53 percent respectively

Nov 26, 2015, 03:58 AM IST

Spanish stock market falls

Spain's 10-year bond interest rate slid from 1.8 percent on Monday to 1.65 percent on Friday.

Nov 21, 2015, 05:19 AM IST