Business  /  Published 13.02.21

Arcelor to shed jobs

Global steel giant ArcelorMittal has announced a $1-billion fixed cost-reduction programme under which the company would be reducing 20 per cent of its corporate office employees by 2022. ArcelorMitt...
By PTI in London, New Delhi

Business  /  Published 12.02.21

Aditya to lead ArcelorMittal

Aditya Mittal has been elevated as the new chief executive officer of ArcelorMittal, signalling a transition at the top leadership of the world’s leading steelmaker. Prior to this position, Mit...
By Our Special Correspondent in Calcutta

Business  /  Published 30.12.20

SAIL seeks allies for auto grade steel

Steel Authority of India is exploring options to tie up with a Japanese or Korean steelmaker to make auto grade steel in India.  The move follows the collapse of tentative discussions with Laxmi...
By Our Bureau in New Delhi

Business  /  Published 17.12.20

Mittal Jr aims higher

Covid19 has failed to dampen the spirit of Aditya Mittal, president and chief financial officer of ArcelorMittal, the world’s largest steel maker.  A year after steering his father’s...
By Sambit Saha in Calcutta

Business  /  Published 11.12.20

Arcelor Nippon to double capacity

The Mittals plan to double their bets on India as their maiden venture in the country completes a year in operation. Dilip Oommen, CEO of AMNS India (ArcelorMittal Nippon Steel), said the company wou...
By Our Special Correspondent in Calcutta


Business  /  Published 07.12.20

Mittal wins reprieve in payment to OSPIL

The National Company Law Appellate Tribunal (NCLAT) has stayed a lower court order which had directed ArcelorMittal India Pvt Ltd (AMIPL) to pay Rs 1,308.87 crore to Odisha Slurry Pipeline Infrastruct...
By Our Special Correspondent in Calcutta

Business  /  Published 12.11.20

Mittal loses pipeline case

A bankruptcy court based in Ahmedabad has asked ArcelorMittal to pay Rs 1,308.87 crore to Odisha Slurry Pipeline Infrastructure Ltd (OSPIL) in a case linked to the Essar Steel insolvency process. The...
By Sambit Saha in Calcutta

Business  /  Published 29.09.20

Arcelor to sell US assets for $1.4bn

Cleveland-Cliffs Inc, the largest US producer of iron ore pellets, has agreed to buy the US assets of the world’s largest steel maker ArcelorMittal for about $1.4 billion in cash and shares. Th...
By Reuters in Bangalore, Brussels

Business  /  Published 27.07.20

Arcelor suit to get Hazira port licence

ArcelorMittal Nippon Steel India Ltd has filed a petition in the Gujarat high court against the Gujarat government and Essar Bulk Terminal Ltd seeking the transfer of the Hazira port licence in its na...
By PTI in Ahmedabad

Business  /  Published 23.11.19

Mittal rethink on Ilva

ArcelorMittal has agreed to immediately restart talks with the Italian government over the future of steelmaker Ilva, Prime Minister Giuseppe Conte said after a four hour-long meeting with the company...
By Reuters in Rome


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