Business  /  Published 12.05.20

ArcelorMittal float at discount

The company said on Tuesday it will sell $750 million of shares at a price of $9.27, equivalent to 8.57 euros...
By Reuters in Brussels

Business  /  Published 08.05.20

Arcelor posts $1.1bn loss

The Luxembourg-based company scrapped the dividend for 2019 and cut its guidance...
By Our Special Correspondent in Calcutta

Business  /  Published 01.05.20

Mittal petition against Ruias dismissed

The high court order of March 30 came as steel maker ArcelorMittal looked to enforce a $1.5 billion arbitral award...
By PTI in London

Business  /  Published 01.04.20

UK court refuses to freeze Essar assets

ArcelorMittal sought to enforce a $1.5 billion arbitral award; A soured supply agreement had led to it...
By PTI in New Delhi

Business  /  Published 08.03.20

Amid coronavirus crisis, ArcelorMittal fears impact on profit margins

The Luxembourg-based company is the world’s largest steel producer with operations in 18 countries in four continents, including 46 integrated and mini-mill steel-making facilities...
By PTI in New Delhi


Business  /  Published 03.03.20

Arcelor-Nippon bags two key assets

The company acquired a gas-based power plant captive to the steel mill from a financial institution...
in Calcutta

Business  /  Published 07.02.20

Tata Steel slips into the red

Indian operations of Tata Steel also betrayed signs of the slowdown in the domestic market...
By Our Special Correspondent in Calcutta

Business  /  Published 06.02.20

Arcelor paid $1.6bn for Essar Steel

Deal was funded by two-thirds debt and one-third equity...
By Our Special Correspondent in Calcutta

Business  /  Published 02.01.20

Essar shareholder plight

A communication sent out on Thursday said those shares have been debited from their demat accounts...
By Sambit Saha in Calcutta

Business  /  Published 23.12.19

Mittals to sell 50% in ship unit to DryLog

Deal will help bring down ArcelorMittal’s net debt by $530 billion, with $400 million on completion and another $130 million due in early January...
By Our Special Correspondent in Calcutta


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