Tuesday, June 30, 2026 | 09:57 PM ISTहिंदी में पढें

Page 12 - Arcelormittal

'More innovation': Steel firms welcome ArcelorMittal's entry to India

Presence of more companies in the market will lead to more innovation, quality and R&D activities, said domestic steel players on Thursday while reacting to the entry of global steel giant ArcelorMittal in India. "We don't see ArcelorMittal as a challenge," JSW Steel Chairman Sajjan Jindal told PTI on the sidelines of the ISA Steel Conclave here. More the number of players, more the research & development (R&D) activities, innovations, quality in the market, he added reacting to a question how will the ArcelorMittal's entry benefit the consumers. Jindal Steel and Power Chairman Naveen Jindal said, "We see its (ArcelorMittal's) entry as a positive step." Tata Steel Chief Financial Officer Koushik Chatterjee also said there should be competition in the market. Steel Authority of India Ltd (SAIL) Chairman A K Chaudhary said, "ArcelorMittal's entry will promote healthy competition in market." The industry looks forward to work with them in future, he added. Last week, the ...

Updated On : 21 Nov 2019 | 9:50 PM IST

In a weak market, homecoming costs Lakshmi Mittal Rs 49,670 crore

High value of stressed steel assets reflect the uncertainty of putting up a greenfield projects in India apart from the cost which is $1 billion for a million tonne capacity

Updated On : 18 Nov 2019 | 2:05 AM IST

Italy files appeal in a bid to stop ArcelorMittal dropping steel deal

The Italian government said it filed a legal appeal on Friday designed to prevent global giant ArcelorMittal from walking away from a 2018 deal to buy Europe's largest integrated steel-making mill. Rome considers the troubled Ilva steel mill in the southern city of Taranto a "strategic" industrial site, Prime Minister Giuseppe Conte said in a statement. "The government will not allow the deliberate closure of the blast furnaces" at the site as it would amount to ending any chance of investment to make the site viable and safeguard some 8,000 jobs, he said. Conte added that if ArcelorMittal walked away from the badly polluted site it would be "a clear violation of contractual commitments and cause grave harm to the national economy." He said the group would "have to answer in the courts" and face paying damages to the Italian state. The Taranto plant in the south of Italy is mired in controversy because experts believe that some 7,500 people have died in the surrounding area as a .