SAIL JV ‘strategically important’, says ArcelorMittal

ArcelorMittal’s prolonged bid to buy debt-ridden Essar Steel is delaying the world’s biggest steelmaker’s joint venture with State-owned Steel Authority of India Ltd (SAIL), India’s Steel Minister and SAIL’s Chairman has said. Continue Reading

ArcelorMittal emerges as highest bidder for Essar Steel

The Lakshmi Mittal-owned company, which is the world’s largest steel maker has been on a murky legal battle with other bidders, especially the Russian VTB Bank-promoted NuMetal to take over Essar Steel. Continue Reading