11
Sep
15:00
ArcelorMittal confirms improved Essar Steel bid
ArcelorMittal confirms to Kallanish it has submitted a revised proposal to acquire Essar Steel (ESIL), adding that press reports speculating the bid value was at INR 42,000 crores ($5.79 billion) are “… broadly accurate.”
“The revised offer, which also includes a commitment to pay the entire amount due to the financial creditors of Uttam Galva and KSS Petron, therefore represents unprecedented value to all concerned creditors,” Arc…
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Anonymous
Very good overview of the weekly steel market.
Anonymous