Arcelor Mittal

ArcelorMittal to buy 28.4% stake in France’s Vallourec for $1 bn

14 Mar 2024

ArcelorMittal, the world’s second-largest steelmaker, on Tuesday said it will acquire a 28.4 per cent stake in French steelmaker Vallourec, for around 955 million euros ($1.04 billion), to expand its tubular products portfolio.

ArcelorMittal to acquire Brazilian steelmaker CSP for $2.2 billion

02 Aug 2022

ArcelorMittal also announced a new $1.4bn buyback programme of 60 million shares, to be completed by the end of May 2023, despite a 2 per cent decline in its net income to $3.92 billion for the second quarter ended 30 June 2022

Lenders approve ArcelorMittal arm’s Rs4,000-cr bid for Uttam Galva

07 Jun 2021

ArcelorMittal Nippon Steel taps Japanese banks for $5.15 bn loan for Essar Steel acquisition

17 Mar 2020

ArcelorMittal forms JV with Nippon Steel to run Essar Steel

18 Dec 2019

With an annualised crude steel production capacity of 7.5 million tonnes and iron ore pellet facilities with current annual capacity of 14 million tonnes, the new joint venture company AM/NS India plans to increase finished steel shipments to 8.5 million tonnes over the medium-term

SC gives most of ArcelorMittal's Rs42,000-cr offer to Essar Steel’s financial creditors

15 Nov 2019

NCLAT approves ArcelorMittal bid for Essar Steel, rejects Ruias’ offer

04 Jul 2019

The NCLAT also revised the approved claims of operational creditors to Rs19,700 crore, up from Rs5,000 crore and said the committee of creditors has no role in distribution of amount between operational and financial creditors

Liberty acquires European steel assets of ArcelorMittal for $740 million

01 Jul 2019

The deal brings Liberty Steel’s total rolling capacity to over 18 million tonnes, covering a wide range of finished products, and catapults it into top 10 steel producers globally outside China

India looks to Japanese, Korean steel mills as SAIL-ArcelorMittal JV deal delays

03 Jun 2019

EU clears ArcelorMittal’s asset sale to Liberty House for Ilva buy

18 Apr 2019

NCLT clears ArcelorMittal's Rs42,000-cr bid for Essar Steel

11 Mar 2019

ArcelorMittal bids Rs4,800 cr for Essar Power’s Mihan plant

19 Feb 2019

GAIL, Getco seek rejection of ArcelorMittal’s Essar Steel bid

20 Nov 2018

Essar Steel Asia Holding Ltd, the promoter of Essar Steel, had proposed to pay Rs54,389 crore that would cover all dues of the financial and operational creditors

ArcelorMittal wins bankrupt Essar Steel despite Ruias’ last ditch effort

26 Oct 2018

Once all regulatory processes are completed, ArcelorMittal, the world’s top steel maker, will jointly own and operate ESIL in partnership with Nippon Steel and Sumitomo Metal Corporation, Japan’s largest steel producer and the third largest steel producer in the world

ArcelorMittal closer to acquiring Essar Steel with Rs43,000-cr offer

22 Oct 2018

ArcelorMittal raises bid for Essar Steel to Rs42,000 crore

11 Sep 2018

Essar Steel, with its 10 million tonne a year production capacity, had outstanding debt of Rs50,786 crore as of March 2018 and the Rs42,000 crore offer is almost 83 per cent of its outstanding debt

ArcelorMittal deposits Rs7,000 cr with SBI to ensure eligibility for Essar

16 May 2018

The move to park about Rs7,000 crore in an escrow account of State Bank of India follows ArcelorMittal's bid for Essar Steel being questioned because of its past shareholding in loan defaulter Uttam Galva Steel

ArcelorMittal offers to pay off Uttam Galva's dues if it wins Essar Steel bid

03 May 2018

NCLT directs Essar lenders to reconsider Arcelor, Numetal bids

21 Apr 2018

The NCLT order invalidates the second round of bidding for Essar Steel involving Vedanta and JSW Steel and opens the possibility of ArcelorMittal or Numetal winning the race for Essar Steel

JSW Steel offers to invest in Numetal arm for Essar Steel stake

16 Apr 2018

The announcement comes ahead of a possible order by the Ahmedabad bench of the National Company Law Tribunal on the eligibility of ArcelorMittal and Numetal to bid for debt-laden Essar Steel

Essar Steel bid war hots up with re-entry of ArcelorMittal, Numetal

02 Apr 2018

ArcelorMittal moves NCLT against bar on Essar Steel bid

27 Mar 2018

ArcelorMittal was formally declared ineligible to bid for Essar Steel due to the technicality of still being listed as a promoter of Uttam Galva Steel on the stock exchange, even though it had sold its shareholding before submitting the bid offer

ArcelorMittal bid queers the pitch for local bidders of Essar Steel

26 Mar 2018

Banks led by State Bank of India, had, last week, voted in favour of inviting bids from six companies which had submitted expressions of interest after the resolution professional declared bids from ArcelorMittal and Numetal as ineligible

ArcelorMittal forms JV with Nippon Steel to acquire Essar Steel

03 Mar 2018

ArcelorMittal has signed a joint venture agreement with Nippon Steel and Sumitomo Metal Corporation (NSSMC) to bid for Essar Steel India Limited, which is being auctioned by its creditors

ArcelorMittal keen to bag Essar Steel, says it will be perfect fit

28 Feb 2018

"The growth in the Indian market in the next 10 years would probably not be seen in any other market," ArcelorMittal executive vice president Brian Aranha said while explaining the importance of Essar Steel to his firm