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Sumitomo Metals

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  • Business

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......

Brexit brings bad news to Indian, global corporates

Some investors warned of a coming British or even global recession as sterling collapsed to hit its lowest since 1985. IMAGE: Big swings in sterling will be a headache for some international......

Railways won't roll back dynamic pricing for premium trains

Looking into the flexi-fare scheme in Rajdhani, Duronto and Shatabdi trains introduced in September 2016, the CAG stated that occupancy in all classes except the sleeper class in Duronto decreased.......

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