03
Apr
10:51
ArcelorMittal, Nippon submit bid in Essar sale re-run
ArcelorMittal and Nippon Steel & Sumitomo Metal Corporation (NSSMC) have through ArcelorMittal India Private Limited submitted an offer in the re-bidding process for Essar Steel.
ArcelorMittal India Private Limited bid for Essar Steel in February, while last month ArcelorMittal and NSSMC agreed to partner in the bid through a joint venture. However, the bid was later rejected on the grounds ArcelorMittal remained a promoter in Uttam Galva, a loan defaulter. …
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Anonymous
Very good overview of the weekly steel market.
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