Arcelormittal

Founder Sudhir Maheshwari, who worked at ArcelorMittal for 28 years, assisted billionaire Lakshmi Mittal in listing his company in 1997

Essar Steel insolvency in focus as acquisition by ArcelorMittal Nippon Steel India questioned before NCLT

If allegations regarding stamp duty are upheld, potential liabilities for ArcelorMittal Nippon Steel India could run into thousands of crores, factoring in both duty and penalties.

ArcelorMittal says to cut some 600 jobs in France

The layoffs, which will affect seven sites in northern France that employ some 7,100 people, are being taken due to "the crisis hitting the European steel industry" that is also under pressure from new 25-percent US import tariffs.

Urgently need steel safeguard duty as risk of Chinese dumping looms large: ArcelorMittal Nippon

Steel companies like AM/NS operate on tight margins, which need to be protected for investments to continue in the steel sector. Hence, the safeguard duty is necessary now, said Ranjan Dhar, Director & Vice President (Sales and Marketing), ArcelorMittal Nippon Steel India (AM/NS India).

Steel major ArcelorMittal Nippon gets import exemption for key raw material despite curbs

The JV unit of the world's largest steelmaker had earlier sought relief against the rejection of 168,300 mt of met coke import orders from Indonesia and Poland.

ArcelorMittal Nippon Steel India starts land acquisition in Andhra Pradesh for proposed steel plant

The project is part of AM/NS's goal to reach 40 MTPA steel production by 2035.

ArcelorMittal Nippon sues India over raw material imports as fight escalates

Government imposed curbs on imports of low-ash metallurgical coke, or met coke, starting in January, with country-specific quotas to help domestic suppliers

ArcelorMittal-Nippon say import curbs may hit India production, delay expansion

In a bid to help the domestic coke industry, India, the world's second-biggest producer of crude steel, in December imposed curbs on imports of low-ash metallurgical coke, or met coke, with country-specific quotas.

ArcelorMittal's India JV seeks duty-free LNG imports, letter shows

If the government concedes to AM/NS India's requests, other steelmakers such as JSW Steel and Tata Steel would also benefit.

ArcelorMittal June quarter net income drops 73%

The company had posted a net income of USD 1,860 million in the corresponding period of the previous fiscal. The net income is attributable to equity holders of the parent company.

ArcelorMittal Q1 profit tops expectations

The Luxembourg-based company said core profit (EBITDA) was $1.96 billion, higher than the average forecast in a company poll of $1.81 billion.

UltraTech Cement, JSW, ArcelorMittal, others in fray for Vadraj Cement: Report

Other potential buyers also include Nirma Group, JK Cement, Naveen Jindal group entity, and Oaktree Capital, as per the report.

ArcelorMittal Nippon Steel joint venture targets 20% emission cut by 2030

ArcelorMittal Nippon Steel India's climate action report sets out recommendations for enabling policies that can unlock industry-wide progress including tax incentives, new norms for FDI, a green grid and more.

SC reserves judgment in IOCL's appeal against Arcelormittal on claim pertaining to Essar Steels

The dispute emanated from a gas supply agreement entered into between Essar Steel Limited and IOCL in 2009, prior to Essar being taken over by Arcelor Mittal Nippon Steels almost a decade later.

ArcelorMittal to build world's single largest steel manufacturing site at Hazira by 2029

The factory will have a capacity of 24 million tonne per annum, he said speaking at the 10th Vibrant Gujarat Global Summit here.

ArcelorMittal suspends output in Bosnia as steel demand drops

The company said the European steel market has cut demand due to a lower steel consumption that begun in 2022 with the war in Ukraine, the spike in energy prices and output costs, as well as inflation.

ArcelorMittal profit drops as steel market demand weakens

The world’s top steelmaker outside of China reported a 28% decline in earnings from the previous quarter, better than analysts expected. Margins and sales were squeezed as the manufacturing and construction sectors languished.

Exclusive: GAIL alleges ArcelorMittal made misleading statements to seek additional LNG supplies

In a response to ArcelorMittal’s petition, GAIL said the steel manufacturer has not disclosed the complete facts of the case, but sought to wriggle out of an agreement alleging economic duress.

JSW Steel, ArcelorMittal set sights on Vedanta mines, steel business in East

The Vedanta group has set an enterprise valuation of Rs 10,000 crore for these assets. However, potential buyers are aiming for a reduced valuation.

Hydrogen Boom: After the centre, states begin to roll out green hydrogen policies

A number of states are following the central government in offering incentives on the production of green hydrogen and green ammonia. Moneycontrol looks at some of these state government incentives, which will be available along with what the centre offers.

ArcelorMittal reports over 50% fall in net income in April-June

The company had posted a net income of USD 3,923 million in the corresponding period of last year.

ArcelorMittal Q1 net income falls over 73% to $1,096 million

ArcelorMittal is the world's largest integrated steel and mining company. It follows the January-December fiscal year.

IEEFA questions ArcelorMittal’s coal-based blast furnace capacities in India

ArcelorMittal appears to be planning a two-speed decarbonisation, with hydrogen-ready, direct reduced iron (DRI) technology to be installed overwhelmingly in developed nations while building more coal-consuming blast furnaces in the developing Global South, IEEFA said

ArcelorMittal Q4 net income declines 93% to $261 million

In a statement, ArcelorMittal said it has "recorded a net income in 4Q 2022 of USD 261 million compared to...USD 4,045 million for 4Q 2021. Adjusted net income was USD 1,189 million compared to USD 3,827 million for 4Q 2021".

ArcelorMittal sees global steel demand rising as cycle turns

Apparent consumption of steel — a key barometer of the world economy — is projected to increase 2% to 3% in 2023, after contracting in key regions last year, the company said Thursday in a statement.