Page 2 - Arcelormittal

Amid higher costs, steel firms may raise prices in the coming months

CRISIL Research and industry experts say a recovery in domestic demand since the second half of September can also prompt the hikes

Supreme Court rejects ArcelorMittal Nippon India's plea on arbitration

The SC bench of Justices Indira Banerjee and J K Maheswari held that the trial court can consider the Section 9 Arbitration Act application filed by Essar against ArcelorMittal

SC rejects ArcelorMittal plea on arbitration in cargo handling dispute

Two-judge bench holds that trial court can consider application filed under Section 9 of the Arbitration Act by Essar against ArcelorMittal

ArcelorMittal to triple iron ore production, invest $800 mn in Liberia

ArcelorMittal signed an agreement to stay for at least 25 more years in Liberia, where it will at least triple its iron ore production and invest an additional $800 million

ArcelorMittal Nippon Steel starts operations at iron ore mine in Odisha

Spread over 139.165 hectares, the block has estimated resources of 98.61 million tonnes and was the first to be auctioned under the Mineral Auction Rule, 2015

ArcelorMittal Nippon Steel India commissions 6 million tonne pellet plant

Capacity at Paradeep complex in Odisha reaches 12 mn tonnes, making it India's largest single-location pelletisation complex; AM/NS India's total pelletisation capacity now at 20 mn tonnes

Steel magnate Mittal meets Odisha CM Naveen Patnaik, visits Paradip port

Global steel giant ArcelorMittal's Executive Chairman L N Mittal called on Odisha CM Naveen Patnaik and visited Paradip Port in connection with a proposed mega steel project in Kendrapara district

Country must fix iron ore pricing mechanism: Dilip Oommen of AM/NS India

In a Q&A, the CEO of the firm calls for the launch of the National Mineral Index for Steel, which he says has been delayed

ArcelorMittal Nippon Steel India EBITDA jumps 450% to $607 million

The company said Q2CY21 crude steel production remained stable at 1.8 million tonnes despite Covid-19 headwinds

ArcelorMittal posts $4 billion net income in April-June quarter

The Luxembourg-headquartered integrated steel and mining company follows the January-December fiscal year.

Steel companies reduce prices by Rs 1,200-2,000 a tonne across products

Companies say, correction may be temporary

ArcelorMittal Nippon Steel charts out 5-millon-tonne expansion in 3 years

The two phases of expansion at Hazira, Gujarat, along with downstream, are expected to cost Rs 50,000 crore

ArcelorMittal seeks EU's consent to buy Gupta's French steel mills

The EU has not given a deal fast-track "simplified" status that would allow for a quick approval. The deadline for ruling on the deal is July 9.

ArcelorMittal Nippon Steel India clocks 188% jump in Ebitda to $403 million

While announcing the earnings, which was the best in a decade for ArcelorMittal, the company said in the 1Q21, AM­NS India achieved solid production, annualising at 7.3 million tonnes (Mt)

Situation is heartbreaking: ArcelorMittal CEO on India's coronavirus crisis

As India continues to battle against Covid-19, Luxembourg-based ArcelorMittal CEO Aditya Mittal on Monday said the situation in the country is heartbreaking

Auto companies may see sharp increase in prices for steel contracts

Some have temporarily shut down units in the wake of rising Covid cases, but at least three major suppliers to the auto industry said the move was unlikely to impact negotiations

ArcelorMittal, Vattenfall form hydrogen consortium with Shell, Airbus

ArcelorMittal is the world's top steelmaker

We are producing 210 tonnes of oxygen per day: AM/NS India CEO Dilip Oommen

Oommen says major customers have indicated the current surge in Covid cases may have a limited impact on demand, but the situation is being closely monitored

Surge in steel price opens up room for companies to increase rates

Steel prices started rallying from March after the Chinese New Year holiday

Infosys, ArcelorMittal announce strategic tie-up for digital transformation

Infosys to deliver next-generation application and business process management services to ArcelorMittal