Industry
ArcelorMittal throws hat into ring for Essar Steel
World's biggest steel producer reportedly planning joint offer with Nippon Steel & Sumitomo Metal
ArcelorMittal is competing with a consortium led by Russia's VTB Group as bids come in for Essar Steel India, the largest distressed steelmaker being sold under the country's insolvency process.
An Indian unit of ArcelorMittal, the world's biggest producer of the alloy, submitted an offer by the Monday deadline, it said in a statement Monday.
To keep reading
please sign up for free!
Already have an account? Sign in here.
Editor's Picks
Euro reform
—
22.06.2018
Eurozone finance ministers back new powers for ESM
Benefits
—
20.06.2018
Luxembourg refutes cross-border unemployment plan
Tax
—
20.06.2018
UK companies to face pre-Brexit tax bombshell from EU
Tax avoidance
—
20.06.2018
Engie told to pay €120m in back taxes to Luxembourg
