Page 5 - Arcelormittal

No uniform policy a big hurdle for production: AMNS India CEO Dilip Oommen

Infrastructure steel consumption has not picked up yet. Some steel consuming segments like auto have started their production. Full revival will take some time, says Dilip Oommen

Fighting coronavirus: It's a mixed bag for Indian firms in Britain

Jaguar Land Rover, a marquee entity of the Tata group, has been majorly hit by the freeze

ArcelorMittal offers $2 bn shares at discount to accelerate debt reduction

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

Amid coronavirus lockdown, steel demand pick-up off to a slow start

Construction activities have resumed, albeit in a staggered manner; in some pockets there is demand for yellow goods as well

Covid-19 impact: AMNS India's March operations take a hit due to lockdown

The company said that it had moved to match production with the evolving orderbook; steel shipments for 2Q 2020 were expected within the range of 13.5 million tonnes to 14.5 million tonnes

ArcelorMittal beats first quarter profit estimates, sees sharp drops in Q2

First-quarter core profit (EBITDA), the figure most watched by the market, was $967 million, compared with the average forecast in a company poll of $867 million

London court rejects ArcelorMittal's appeal against Essar Steel

The high court order of March 30 came as ArcelorMittal looked to enforce a $1.5-billion arbitral award stemming from a soured supply agreement.

ArcelorMittal India FY20 steel output at record level of 7.23 mn tonnes

Production up 5% from last year despite challenging economic conditions, including Covid-19 fallout

The future is back in the pits for steelmakers as demand falls rapidly

Iron ore extraction in a falling demand scenario due to cutbacks in steel production is weighing on its prices

Uttam Galva defaults on Rs 664-cr loan; ArcelorMittal, SBI among creditors

UGSL, which shut its plants and operations after the lockdown was announced last month, said it has an outstanding of Rs 1,008 crore to its creditors

Coronavirus: ArcelorMittal working on 3D printed ventilator prototype

ArcelorMittal said that it was now focused on the prototype for a more advanced ventilator which also had the ability, in addition to providing lungs with oxygen, to feeding medicine incorporating AI

ArcelorMittal, Nippon sign $5.15 bn loan pact to refinance Essar Steel buy

The 10-year-term loan would be used to refinance their acquisition of Essar Steel India, now known as ArcelorMittal Nippon Steel India Ltd.

Coronavirus outbreak: ArcelorMittal fears impact on profits, sales

The Luxembourg-basedcompany is the world's largest steel producer with steel-making operations in 18 countries on four continents, including 46 integrated and mini-mill steel-making facilities

ArcelorMittal JV buys Bhander power plant, eyes more Essar ancillary units

Acquisition comes close on the heels of the firm getting NCLT nod for buying Odisha slurry pipeline

NCLT approves ArcelorMittal's Rs 2,359 cr bid for Odisha Slurry Pipeline

A two-member bench of the NCLT Cuttack gave a go ahead to the resolution plan of ArcelorMittal India, which had been approved by the Committee of Creditors (CoC) of OSPIL.

ArcelorMittal- Nippon Steel in talks to buy 500 Mw Bhander power unit

Power plant crucial to make its 9.6 MT plant self-sufficient

ArcelorMittal, commissioners extend talks on Italy's Ilva plant: Lawyer

The world's biggest steelmaker had tried to walk away from a 2018 deal after parliament scrapped a guarantee of legal immunity from prosecution

ArcelorMittal makes $1.6 bn equity contribution for Essar Steel acquisition

Described as its biggest achievement in 2019, ArcelorMittal said that the acquisition of Essar formed a fifth steel pillar for it

ArcelorMittal posts $1.9 bn net loss in Q4; expects pick up in steel demand

For the whole year (2019), the company reported a net loss of $2.5 billion as against net income of $5.1 billion in 2018

JSW Steel upstages ArcelorMittal, Vedanta to win Nuagaon block

The block, currently held by merchant miner KJS Ahluwalia with deposits of 790 million tonnes of iron ore, is the first of 21 lapsing blocks to have been successfully auctioned