23
Oct
16:11
ArcelorMittal expresses interest in Bhushan Steel: reports
ArcelorMittal has submitted an expression of interest for insolvent Indian steelmaker Bhushan Steel, according to Indian press reports.
This provides ArcelorMittal, which has failed to make headway in setting up greenfield steel projects in India, a chance to acquire good steel assets in the country at a reasonable price, sources told The Economic Times.
When asked by Kallanish for confirmation of the expression of interest, an ArcelorMittal spokesperson said…
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Anonymous
Very good overview of the weekly steel market.
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