ArcelorMittal

World Economic Forum 2022: ArcelorMittal Nippon Steel India intends to complete the expansion project in 2023

Major private sector steel producers said that the capacity expansion plans were based on assumptions in the sales mix - between domestic and export markets - which has now gone haywire

ArcelorMittal has made an investment of around $600 million for 1,000 MW capacity of the project.

World's largest steel co set to buy Uttam Galva

Globally, ArcelorMittal delivered a strong set of numbers despite inflationary pressures and the Ukraine war.

"ArcelorMittal recorded net income for 1Q 2022 of USD 4,125 million as compared to...a net income of USD 2,285 million for 1Q 2021," the Luxembourg-based firm said

The company is aiming to commission the CRM by 2024, ArcelorMittal Nippon Steel (AMNS) India said in a statement

Project will be owned and funded by ArcelorMittal, will enable AM/NS India to prune power costs and carbon emissions

Global steel and mining firm ArcelorMittal on Tuesday announced its strategic partnership with Greenko Group for developing a round-the-clock renewable energy project with 975 MW of nominal capacity.

Global steel giant ArcelorMittal has stopped production at its Kryvyi Rih facility in Ukraine amid the ongoing conflict between the eastern European country and Russia

Sequentially, however, the firm's EBITDA was 21% primarily due to lower steel selling prices and higher costs (including coking coal and power), the company said

The company had posted a net income of USD 1,207 million in the year-ago period

Tribunal dismissing a raft of appeals including those filed by SREI entities

The company had earlier this year signed an MoU for setting up a 12 mt steel plant at Kendrapara, Odisha, at an investment of Rs 50,000 crore

Aditya Mittal unveils a four-fold vision for joint venture with Nippon Steel in India, ArcelorMittal Nippon Steel India, of which he is also the chairman

The EBITDA was lower than $607 million in the previous quarter, primarily due to a negative cost-impact, including higher iron ore and energy costs

By Marine Strauss

The company said it expects global steel demand to grow by between 12% and 13% this year, excluding China, where real demand has weakened

Steel accounts for about 8-9 per cent of the selling price of a car, according to steel industry sources

India is heavily dependent on imports, and local manufacturing capacities are inadequate. Several Indian companies are planning to plug this loophole