Frontline steel makers’ production and sales rose in the fourth quarter of 2020-21 compared with the preceding quarter, pointing to a pent-up demand despite skyrocketing prices in the domestic m...

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...

The Ruias and the Mittals are slugging it out in court over the repayment of security deposits worth a little over Rs 82 crore. The deposits had been placed by Essar Steel — which is now owned ...

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...

Thirty operational creditors (OCs) having a cumulative exposure of around Rs 600 crore to bankrupt steel producer Essar Steel have moved the company law tribunal in Ahmedabad, potentially delaying the...

The Court of Appeal in London has dismissed an application filed by ArcelorMittal seeking permission to appeal against the London High Court’s judgment that refused a worldwide freezing order agains...

ArcelorMittal has drawn a fine distinction between “promoter” and “promoter group” to puncture the claim that it would be ineligible under the provisions of section 29A of the Insolvency and B...

Mittal, who grew up in Calcutta, is counted among the richest Indians because of his stake in ArcelorMittal.Despite having operations in several countries, Mittal is yet to set up a stronghold in Indi...

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The State Bank of India (SBI) has put up for sale its entire exposure of Rs 15,431.44 crore to the debt-ridden Essar Steel.“The State Bank of India invites expression of interest (EoI) from banks, A...