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Page 9 - Arcelormittal

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

Covid-19 impact: AMNS India's March operations take a hit due to lockdown
Updated On : 07 May 2020 | 9:47 PM IST

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

ArcelorMittal beats first quarter profit estimates, sees sharp drops in Q2
Updated On : 07 May 2020 | 1:19 PM IST

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.

London court rejects ArcelorMittal's appeal against Essar Steel
Updated On : 02 May 2020 | 12:02 AM IST

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

ArcelorMittal India FY20 steel output at record level of 7.23 mn tonnes
Updated On : 23 Apr 2020 | 10:05 PM IST

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

The future is back in the pits for steelmakers as demand falls rapidly
Updated On : 20 Apr 2020 | 11:06 PM IST

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

Uttam Galva defaults on Rs 664-cr loan; ArcelorMittal, SBI among creditors
Updated On : 07 Apr 2020 | 10:19 PM IST

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

Coronavirus: ArcelorMittal working on 3D printed ventilator prototype
Updated On : 01 Apr 2020 | 1:05 AM IST

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.

ArcelorMittal, Nippon sign $5.15 bn loan pact to refinance Essar Steel buy
Updated On : 17 Mar 2020 | 9:02 PM IST

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

Coronavirus outbreak: ArcelorMittal fears impact on profits, sales
Updated On : 09 Mar 2020 | 12:12 AM IST

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

ArcelorMittal JV buys Bhander power plant, eyes more Essar ancillary units
Updated On : 03 Mar 2020 | 10:16 PM IST

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.

NCLT approves ArcelorMittal's Rs 2,359 cr bid for Odisha Slurry Pipeline
Updated On : 03 Mar 2020 | 9:20 PM IST

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- Nippon Steel in talks to buy 500 Mw Bhander power unit
Updated On : 16 Feb 2020 | 11:29 PM IST

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, commissioners extend talks on Italy's Ilva plant: Lawyer
Updated On : 07 Feb 2020 | 5:33 PM IST

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 makes $1.6 bn equity contribution for Essar Steel acquisition
Updated On : 06 Feb 2020 | 9:37 PM IST

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

ArcelorMittal posts $1.9 bn net loss in Q4; expects pick up in steel demand
Updated On : 06 Feb 2020 | 5:12 PM IST

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

JSW Steel upstages ArcelorMittal, Vedanta to win Nuagaon block
Updated On : 01 Feb 2020 | 10:02 AM IST

ArcelorMittal-Nippon Steel participating in iron ore auctions in Odisha

CEO Dilip Oommen said any steel company has to securitise its sources of raw materials and AMNS is no different

ArcelorMittal-Nippon Steel participating in iron ore auctions in Odisha
Updated On : 22 Jan 2020 | 1:52 PM IST

ArcelorMittal-Nippon plans to take control of captive jetty at Hazira

ArcelorMittal-Nippon Steel say that this was a captive licence for the steel plant and the captive jetty should remain with the plant

ArcelorMittal-Nippon plans to take control of captive jetty at Hazira
Updated On : 19 Jan 2020 | 9:29 PM IST

In a fresh twist, ArcelorMittal's OSPIL resolution plan challenged

The challenge to the ArcelorMittal resolution plan has come from Srei Infrastructure Finance as a secured financial creditor

In a fresh twist, ArcelorMittal's OSPIL resolution plan challenged
Updated On : 16 Jan 2020 | 9:10 PM IST

Odisha gets 255 bids for auction of 20 merchant blocks; 87 firms in fray

All top steel makers, secondary steel players, sponge iron producers, pellet manufacturers and merchant miners from Goa and Odisha are vying for the blocks on offer

Odisha gets 255 bids for auction of 20 merchant blocks; 87 firms in fray
Updated On : 06 Jan 2020 | 9:46 PM IST