Steel
Icahn’s dumping of steel stock just before Trump tariffs raises eyebrows
05 Mar 2018
Billionaire investor Carl Icahn, till recently an advisor to President Donald Trump, sold nearly 1 million shares in a company tied to the steel industry just ahead of Trump's decision to impose costly tariffs on steel and aluminium imports
Will dump Ruia if it interferes with Essar Steel bid: Numetal
05 Mar 2018
The consortium led by VTB Capital said it is prepared to drop Rewant Ruia as a minority shareholder if the government decides it is against the rules to allow promoters a backdoor entry into sick units. Senior VTB official Makram Addoud also said ArcelorMittal’s bid is illegal and it is acting as a ‘spoiler’
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
ArcelorMittal, Ruias and Tatas to vie for debt-laden Essar Steel
12 Feb 2018
The liquidation value of Essar Steel, which operates a 10 million tonne capacity steel plant in Hazira, Gujarat, has been fixed at Rs20,000 crore, according to sources
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