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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.

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.

France threatens to expel Arcelor Mittal for ‘lying, disrespecting’ country

Last Updated: Tuesday, November 27, 2012, 11:26

The firm, which is owned by India based Mittal Steel, angered workers and the French government when it announced a plan in October to close two furnaces at its steel plant in Florange.

Mittal to continue partnership with ONGC

Last Updated: Sunday, April 29, 2012, 20:39

His ambitious foray into energy space with Oil and Natural Gas Corp (ONGC) may not have but desired success, but steel tycoon Lakshmi N. Mittal is not just yet giving up on the venture with the state-run explorer.

India on priority list but low on investment front: Mittal

Last Updated: Sunday, April 29, 2012, 18:15

With his steel projects making little progress in India, steel tycoon Lakshmi N Mittal Sunday said the nation remains on priority list for his company, ArcelorMittal, but may have slipped low down on its investment list with focus shifting to projects in Canada and Brazil.

ArcelorMittal net income dips 51% in July-Sept qtr

Last Updated: Thursday, November 03, 2011, 17:31

The world's largest steel-maker ArcelorMittal on Thursday reported a dip of over 51 percent in net income to USD 659 million for the quarter ended September 30, 2011, due to rising raw material costs and a fall in demand for the alloy.

ArcelorMittal EBITDA falls 29%, sees slump extending

Last Updated: Thursday, November 03, 2011, 14:02

ArcelorMittal SA, the world's largest steelmaker, said on Thursday a summer dip is deepening into a second-half slump, with even lower steel shipments expected in the fourth quarter than the third and some investments scrapped.

Ambition of having steel plant in India remains a dream: Mittal

Last Updated: Wednesday, July 27, 2011, 18:59

He may be the world's largest steel producer but Lakshmi Mittal's dream to have a plant in his homeland (India) continues to be a distant dream, thanks to regulatory hurdles.