07
Nov
11:53
ArcelorMittal expects Essar Steel court order in November
ArcelorMittal expects an Indian Supreme Court order in November on its proposed acquisition of Essar Steel (ESIL). Assuming a favourable and clear final order, the transaction closing is expected by year-end, the world’s largest steelmaker says in a report monitored by Kallanish.
In July India’s Supreme Court ordered a halt to the sale of Essar Steel to ArcelorMittal after lenders to the bankrupt steelmaker challenged an earlier appeal court ruling. …
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Anonymous
Very good overview of the weekly steel market.
Anonymous