Sat, Nov 16, 2019
Delivering a big verdict, the Supreme Court has allowed ArcelorMittal to make payment for Essar Steel India, paving the way for acquisition of the bankrupt steel maker by the Luxembourg-headquartered entity.
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Fri, Nov 15, 2019
Supreme Court ruling in Essar Steel insolvency case will pump around Rs 50,000 crore in the Indian banking system that would help them contain their respective NPAs.
As the Supreme Court on Friday set aside the NCLAT ruling on Essar Steel that provided for equal distribution of proceeds between financial and operational creditors, decks have been cleared for ArcelorMittal's acquisition of the bankrupt steel company.
Thu, Aug 18, 2016
EY said in a report published on Thursday steel firms took on debt as they fought for market share, notably the Chinese steel sector has added about a billion tonnes of capacity since 2000, helping to take global excess capacity to about 700 million tonnes.
Fri, Jul 29, 2016
Over the period, EBITDA -- a measure of operating profit -- stood at $1.8 billion, nearly double that of the previous quarter.
Sun, May 29, 2016
The Lakshmi Mittal-led ArcelorMittal’s, the world’s largest steelmaker, plans of setting up a steel plant in India have met with yet another dead-end.
Tue, Apr 19, 2016
Angry steel manufacturers in Europe have urged the EU to mirror the United States in punishing China with fresh tariffs, but the Brussels based bloc has so far proved reluctant to challenge Beijing more directly on the issue.
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