Page 6 - Arcelormittal
AM/NS to invest over Rs 1 trn in a 24 mn tonne steel plant in Odisha
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
We'll continue to invest majorly across the business: ArcelorMittal CEO
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
ArcelorMittal Nippon Steel India EBITDA jumps 213% to $551 mn in Sept qtr
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
ArcelorMittal increases share buy-back programme by $1 billion
BRUSSELS (Reuters) - ArcelorMittal, the world's largest steelmaker, said on Thursday it was increasing its share buyback programme by another $1 billion after reporting its strongest quarter in more than a decade.
Arcelor Mittal reports strongest quarter in more than a decade
The company said it expects global steel demand to grow by between 12% and 13% this year, excluding China, where real demand has weakened
AM/NS India settles contracts with major auto OEMs at 8-9% price hike
Steel accounts for about 8-9 per cent of the selling price of a car, according to steel industry sources
Cheap funding, govt sops power Indian firms' big bets on renewable energy
India is heavily dependent on imports, and local manufacturing capacities are inadequate. Several Indian companies are planning to plug this loophole
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.
