17
Oct
13:07
ArcelorMittal clears India debts to validate Essar bid
ArcelorMittal has approved a payment of INR 7,469 crore ($1.01 billion) to clear the overdue debts of Uttam Galva and KSS Petron in order to ensure the eligibility of its bid for Essar Steel (ESIL).
“ArcelorMittal’s Board of Directors believes that ESIL represents a unique and compelling opportunity for the Company to establish a significant footprint, with substantial expansion potential, in the high-growth Indian steel market,” Arce…
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Anonymous
Very good overview of the weekly steel market.
Anonymous