Page 11 - Arcelormittal

India expects ArcelorMittal JV to start production in two years

SAIL and ArcelorMittal, the world's largest steel producer, signed a preliminary agreement in May last year

ArcelorMittal, Marcegaglia submit offer to buy Italy's Ilva

The offer included a commitment to bringing Ilva in-line with European environmental standards and legislation

ArcelorMittal buys back bonds worth $576.30 mn

Firm will fund offers with existing cash resources, and reduce gross debt through early repayment of medium-term bonds

ArcelorMittal pushes bid for Italy plant

ArcelorMittal has asked Italy's state lender Cassa Depositi e Prestiti (CDP) to back its bid for the troubled Ilva steel plant as it fights competition from two other bidders, according to an interview published in Il Sole 24 on Friday.On Tuesday, the Italian government extended to June 30 the deadline for presentation of offers for Europe's largest steel plant by capacity and said it would take four months to assess environmental aspects of the bids. The government took over administration of the business last year to try to save 16,000 jobs.and clean up its polluting factories in the southern Italian city of Taranto.The head of mergers and acquisitions at ArcellorMittal, the world's top steel producer, described the acquisition of Ilva as "strategic" in the interview.Ondra Otradovec told the newspaper that ArcellorMittal would bid for Ilva in partnership with Italian group Marcegaglia, confirming remarks made this week by Marcegaglia's chief executive.Otradovec said ArcelorMittal wou

ArcelorMittal suspends Quebec mine project on weak market

The firm, which employs 2,500 workers at the mine, informed the union that it will not be starting an 'offload' project in June

Steelmaker ArcelorMittal cuts losses, eyes better times ahead

Company reduced its net losses in the first quarter to $416 million compared to $728 million in the same period last year

ArcelorMittal to sell LaPlace and Vinton steel plants in US

CEO Lakshmi Mittal said it has entered a definitive transaction agreement to sell to an affiliate of Black Diamond Capital Management

ArcelorMittal's $3 billion rights issue likely to open on March 14

The launch of rights offering is also subject to approval by Luxembourg supervisory authority for the financial sector

Low iron ore, steel prices to continue in 2016: ArcelorMittal

The world's largest steelmaker outlined a plan to reduce its $15.7 billion net debt by nearly a quarter

South Africa forms committee to monitor ArcelorMittal's pricing

Last year, Mittal had to call on South African government authorities to help bail out his South African operations