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  • ArcelorMittal Nippon Steel reports 23.5% drop in Q2 EBITDA Jul 30, 2020 12:48 PM IST

    ArcelorMittal Nippon Steel reports 23.5% drop in Q2 EBITDA

    Its steel production was down 29 percent in the second quarter.

  • LN Mittal gifts 3.5mn pounds to Oxford's professorship developing COVID-19 vaccine Jul 10, 2020 04:10 PM IST

    LN Mittal gifts 3.5mn pounds to Oxford's professorship developing COVID-19 vaccine

    The chair is currently held by Professor Adrian Hill, who is the principal investigator for the Oxford trial to develop the vaccine

  • ArcelorMittal plans Rs 2,000 crore investment in Odisha Jun 14, 2020 08:45 AM IST

    ArcelorMittal plans Rs 2,000 crore investment in Odisha

    Mittal also said that of these two mines, one mine the company has already got through auction, which was organised in a very transparent manner.

  • ArcelorMittal reports $1.1 billion net loss in March quarter May 07, 2020 01:17 PM IST

    ArcelorMittal reports $1.1 billion net loss in March quarter

    Global steel giant ArcelorMittal on Thursday reported a net loss of USD 1.1 billion for the first quarter ended March 31, 2020 amid the coronavirus crisis

  • London court dismisses ArcelorMittal plea against Essar Apr 01, 2020 08:10 PM IST

    London court dismisses ArcelorMittal plea against Essar

    The order came as steelmaker ArcelorMittal looked to enforce a $1.5 billion arbitral award stemming from a soured supply agreement.

  • ArcelorMittal, Nippon Steel sign $5.15 billion loan pact to refinance Essar Steel buy Mar 17, 2020 12:30 PM IST

    ArcelorMittal, Nippon Steel sign $5.15 billion loan pact to refinance Essar Steel buy

    The 10-year-term loan would be used to refinance their acquisition of Essar Steel India, now known as ArcelorMittal Nippon Steel India Ltd.

  • ArcelorMittal fears sales, profitability getting impacted in 2020 on coronavirus spread Mar 08, 2020 02:37 PM IST

    ArcelorMittal fears sales, profitability getting impacted in 2020 on coronavirus spread

    The Luxembourg-headquartered company is the world's largest steel producer with steel-making operations in 18 countries on four continents, including 46 integrated and mini-mill steel-making facilities.

  • ArcelorMittal reports $1.9 bn net loss in Oct-Dec Feb 06, 2020 02:50 PM IST

    ArcelorMittal reports $1.9 bn net loss in Oct-Dec

    The company reported a "net loss attributable to equity holders of the parent" of USD 1.9 billion in the fourth quarter.

  • ArcelorMittal sees 2020 steel pick-up as debt hits low Feb 06, 2020 12:44 PM IST

    ArcelorMittal sees 2020 steel pick-up as debt hits low

    Market conditions remained challenging, but there were early signs of improvement, particularly in ArcelorMittal's core markets of the United States, Europe and Brazil, Chief Executive Lakshmi Mittal said.

  • Essar Steel deal done, ArcelorMittal and Nippon Steel set targets for the renamed entity Jan 08, 2020 04:19 PM IST

    Essar Steel deal done, ArcelorMittal and Nippon Steel set targets for the renamed entity

    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 innovation.

  • ArcelorMittal sells shipping stake in drive to cut debt Dec 23, 2019 01:52 PM IST

    ArcelorMittal sells shipping stake in drive to cut debt

    The company, whose net debt stood at $10.7 billion at the end of September, said on Monday the sale of the stake in Global Chartering Ltd (GCL) to DryLog Ltd would cut its debt by $530 million. It has a target to pull it below $7 billion.

  • NCLAT dismisses ArcelorMittal plea over EPC Construction Dec 16, 2019 08:24 PM IST

    NCLAT dismisses ArcelorMittal plea over EPC Construction

    ECIL's Committee of Creditors (CoC) had rejected ArcelorMittal India's bid and had voted in favour - with a majority of 73.14 per cent - of the resolution plan by Mauritius-based Royale Partners Investment Fund Ltd.

  • ArcelorMittal completes acquisition of Essar Steel Dec 16, 2019 05:47 PM IST

    ArcelorMittal completes acquisition of Essar Steel

    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 Steel.

  • ArcelorMittal initiates Rs 42,000 cr payment for Essar Steel acquisition: Report Dec 14, 2019 08:28 AM IST

    ArcelorMittal initiates Rs 42,000 cr payment for Essar Steel acquisition: Report

    As per a source privy to the development, ArcelorMittal has arranged the entire fund and is likely to transfer the amount by December 16.

  • A "loophole" prompts Odisha to delay one of the biggest mine auctions of recent times Dec 03, 2019 04:27 PM IST

    A "loophole" prompts Odisha to delay one of the biggest mine auctions of recent times

    ArcelorMittal pointed out the gap, which allowed for multiple bids from associate companies. Now new timeline starts from December 6.

  • SAIL awaits ArcelorMittal response to take JV plans forward Nov 24, 2019 12:35 PM IST

    SAIL awaits ArcelorMittal response to take JV plans forward

    SAIL chairman A K Chaudhary said this while replying to a question related to the progress in talks with ArcelorMittal for setting up a joint venture (JV).

  • Italy to restart talks with ArcelorMittal over ailing Ilva steel plant Nov 24, 2019 09:00 AM IST

    Italy to restart talks with ArcelorMittal over ailing Ilva steel plant

    ArcelorMittal has blamed its threatened exit on the Italian government's move to scrap a guarantee of legal immunity from prosecution over environmental risks while it carried out the clean-up at Ilva's heavily polluted site.

  • ArcelorMittal India entry: Domestic steel firms say more players in market to spur innovation Nov 21, 2019 02:30 PM IST

    ArcelorMittal India entry: Domestic steel firms say more players in market to spur innovation

    More the number of players, more the research & development (R&D) activities, innovations, quality in the market, he added reacting to a question how will the ArcelorMittal's entry benefit the consumers.

  • ArcelorMittal aims to complete Essar Steel acquisition by 2019-end Nov 19, 2019 10:36 AM IST

    ArcelorMittal aims to complete Essar Steel acquisition by 2019-end

    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 statement.

  • Supreme Court's Essar Steel order puts banks back on top in IBC Nov 19, 2019 08:59 AM IST

    Supreme Court's Essar Steel order puts banks back on top in IBC

    The NCLAT’s order had upset the premier position of financial creditors in the resolution process. The SC has restored their position

  • ArcelorMittal willing to re-commit to Ilva steel plant on three conditions: Report Nov 18, 2019 01:02 PM IST

    ArcelorMittal willing to re-commit to Ilva steel plant on three conditions: Report

    After withdrawing from the contract, the world's biggest steel maker is drafting a proposal for Italy's government in which it will demand the reintroduction of legal immunity, the possibility to revise its industrial plan and the layoff of 5,000 workers.

  • Why ArcelorMittal should take its IBC prize Essar Steel public | Corporate Corridor Nov 18, 2019 10:48 AM IST

    Why ArcelorMittal should take its IBC prize Essar Steel public | Corporate Corridor

    Essar Steel is a feather in ArcelorMittal’s cap but it has its task cut out and its balance sheet will feel the strain of the acquisition

  • Italy files appeal to stop ArcelorMittal dropping steel deal Nov 16, 2019 09:30 AM IST

    Italy files appeal to stop ArcelorMittal dropping steel deal

    The Taranto plant in the south of Italy is mired in controversy because experts believe that some 7,500 people have died in the surrounding area as a result of diseases linked to toxic emissions

  • Finally for LN Mittal, the road to India is clear Nov 15, 2019 03:44 PM IST

    Finally for LN Mittal, the road to India is clear

    The Indian steel market, despite its recent sluggishness, is among the fastest growing in the world. India, which overtook Japan last year as the world's second largest steel producer, now produces 106 million tonnes of steel, second only to China's 928 million tonnes.

  • ArcelorMittal wants to cut 5,000 Italy jobs: Italian PM Nov 07, 2019 01:33 PM IST

    ArcelorMittal wants to cut 5,000 Italy jobs: Italian PM

    The world's biggest steelmaker on Monday retreated from its plan to buy the steel producer, blaming a decision by Rome to not grant it immunity from prosecution over the heavily polluting Taranto plant.

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