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'Speed up process to grant ArcelorMittal's mine plan in J'hand'

Last Updated: Sunday, April 13, 2014, 15:52

The development comes in the wake of a meeting of a high- level panel to address roadblocks impeding mega investments in the steel sector.

ArcelorMittal to invest $15 mn in Brazil for special steel

Last Updated: Thursday, March 13, 2014, 19:28

The world's largest steel-maker ArcelorMittal is investing USD 15 million at its Brazil facility to produce specialised high strength steel for automotive industry by next year.

Lakshmi Mittal's salary,perks in 2013 declines 38% at $2.29 mn

Last Updated: Sunday, March 02, 2014, 12:23

Lakshmi Mittal, Chairman and CEO of world's largest steel-maker ArcelorMittal and one of the richest Indians, took a 38 percent cut in his salary and perks last year amid his firm reporting second consecutive loss in two years.

ArcelorMittal, NSSMC complete ThyssenKrupp's US steel mill buy

Last Updated: Thursday, February 27, 2014, 14:04

ArcelorMittal, along with Nippon Steel and Sumitomo Metal Corporation (NSSMC), has completed acquisition of ThyssenKrupp AG's steel mill in the US for USD 1.55 billion.

Hope to complete Karnataka land acquisition by March: Arcelor

Last Updated: Wednesday, February 26, 2014, 16:24

Having acquired most of the land for its USD 6.5 billion plant in Karnataka, world's top steel maker ArcelorMittal hopes to complete the acquisition of the remaining 136 acres by March.

ArcelorMittal posts $1.23 bn net loss for Oct-Dec quarter

Last Updated: Friday, February 07, 2014, 16:38

It said the results could have been better had the company not incurred USD 1.3 billion on exceptional items.

ArcelorMittal extends conversion date for $1 billion bond

Last Updated: Tuesday, January 21, 2014, 19:06

"The mandatory conversion date of the bond has been extended to 29 January 2016. The other main features of the MCB remain unchanged," ArcelorMittal said.

ArcelorMittal rejigs top management, no change in India

Last Updated: Thursday, December 12, 2013, 18:09

The restructuring, however, leaves India operations untouched with Sudhir Maheshwari's responsibilities remaining the same as CEO of India and China and Head of M&A, Finance and Risk Management.

ArcelorMittal, Nippon Steel buy ThyssenKrupp US factory

Last Updated: Saturday, November 30, 2013, 17:08

The agreement is for a 50-50 joint venture partnership between the Luxembourg-based ArcelorMittal and Japanese titan Nippon Steel, the former company said in a statement.

Nippon Steel, ArcelorMittal to buy US steel plant: Report

Last Updated: Wednesday, November 27, 2013, 10:45

Nippon Steel became the world`s second-biggest steelmaker following its merger with Sumitomo last year.

Obama to visit ArcelorMittal's Cleveland plant

Last Updated: Wednesday, November 13, 2013, 17:54

US President Barack Obama will visit ArcelorMittal's Cleveland plant in Ohio, which recently completed 100 years of making steel.

ArcelorMittal says beyond trough after earnings boost

Last Updated: Thursday, November 07, 2013, 12:58

ArcelorMittal, the world`s largest steelmaker, reported higher profit than expected in the third quarter, boosted by increasing iron ore shipments and cost savings, and declared it was through the bottom of the cycle.