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ArcelorMittal throws hat into ring for Essar Steel

World's biggest steel producer reportedly planning joint offer with Nippon Steel & Sumitomo Metal

bloomberg
12.02.2018

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.

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