10
Sep
16:03
ArcelorMittal improves bid for Essar Steel: reports
ArcelorMittal has upped its bid to acquire Essar Steel to INR 42,000 crores ($5.79 billion), according to local press reports. This comes after the National Company Law Appellate Tribunal ruled last week that ArcelorMittal and Numetal were both eligible to re-bid for the bankrupt steelmaker.
In order to remain eligible ArcelorMittal has had to clear the debts of Uttam Galva and KSS Petron, companies in which chairman and chief executive Lakshmi Mittal was c…
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Anonymous
Very good overview of the weekly steel market.
Anonymous