Some have temporarily shut down units in the wake of rising Covid cases, but at least three major suppliers to the auto industry said the move was unlikely to impact negotiations
ArcelorMittal is the world's top steelmaker
Oommen says major customers have indicated the current surge in Covid cases may have a limited impact on demand, but the situation is being closely monitored
Steel prices started rallying from March after the Chinese New Year holiday
Infosys to deliver next-generation application and business process management services to ArcelorMittal
Sapan was a senior partner at Shardul Amarchand Mangaldas, one of India's largest law firms
The company would close a blast furnace in each of the two plants and build electric arc furnaces for scrap smelting
Six other firms, including four steelmakers, had submitted an expression of interest (EOI) for the debt-laden firm
India's public debt at 89.3% of GDP is one of the highest among EMs
The world's leading steel and mining company ArcelorMittal will invest more than Rs 50,000 crore in Gujarat, Chief Minister Vijay Rupani said on Sunday
The MoU for the Odisha plant comes shortly after AM/NS India completed a year of operations
The plant, coming up at Kendrapara, is in addition to other investments of AM/NS in the state such as 6MTPA pelletization plant in Paradeep, beneficiation complex in Keonjhar and slurry pipeline
Chief Minister Naveen Patnaik and steel tycoon Lakshmi N Mittal were present during the signing of the Memorandum of Understanding (MoU) at Lokaseva Bhavan
A coke battery stack at the steel plant collapsed, the company said
Aditya Mittal is now president, chief financial officer (CFO) and chief executive officer (CEO) ArcelorMittal Europe.
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Global steel giant ArcelorMittal on Thursday posted $1.21 billion net income for the quarter ended December 31, 2020
ArcelorMittal said it had benefited from a gradual recovery in steel demand resulting in higher steel shipments and improved margins as well as a better mining performance
The company also said it will pay a dividend of 30 cents a share. The steelmaking giant halted payouts following a collapse in demand last year
Under the agreement, the sixth such between the two firms since 2015, both entities will also jointly work to enhance the quality of current grades, develop new value-added grades