23
Oct
18:40
ArcelorMittal mulls Uttam Galva ownership
ArcelorMittal is mulling taking ownership of Uttam Galva after paying off its dues in order to become eligible to bid for Essar Steel, a spokesman for the world’s largest steelmaker confirms to Kallanish.
Last week ArcelorMittal approved a payment of INR 7,469 crore ($1.01 billion) to clear the overdue debts of Uttam Galva and KSS Petron as part of its bid to acquire Essar Steel. The steelmaking giant was thereafter confirmed as the preferred bidder&n…
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Anonymous
Very good overview of the weekly steel market.
Anonymous