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ArcelorMittal wins bid to buy out Essar Steel

The Committee of Creditors have issued ArcelorMittal and its partner Japan's Nippon Steel & Sumitomo Metal Corp a Letter of Intent declaring them as the "successful applicant". The world's largest......

Tata Steel, JSW, SAIL brace for achche din ahead

Domestic steel majors such as SAIL, JSW Steel and Tata Steel will have a better year ahead on the back of capacity expansions and higher utilisation, leading to rise in profitability, global......

ArcelorMittal's Q1 net loss comes down to $0.205 bn

World's largest steel maker ArcelorMittal announced a lower net loss for the first quarter at $0.205 billion on higher EBITDA and sales, but the company is ‘cautiously optimistic’ for......

Essar Steel looks abroad for auto partner

Essar Steel wants to partner with a foreign company to consolidate its position in the automobile steel market in India. The company, soon to be a 10-million tonne per annum manufacturer, has 20-25......

Tata & Nippon Steel may begin another mega venture

Tata Steel is exploring the possibility of setting up a mega project in collaboration with the world's fourth largest producer, Nippon Steel Corporation of Japan. "We have a longstanding......

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Sumitomo Metals

News for Sumitomo Metals

ArcelorMittal wins bid to buy out Essar Steel

Tata Steel, JSW, SAIL brace for achche din ahead

ArcelorMittal's Q1 net loss comes down to $0.205 bn

Essar Steel looks abroad for auto partner

Tata & Nippon Steel may begin another mega venture

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