26
Oct
11:02
ArcelorMittal, NSSMC eye Essar shipment hike following acquisition
ArcelorMittal’s acquisition of Essar Steel (ESIL) has been approved by the insolvent steelmaker’s creditors' committee. To complete the process, the world’s largest steelmaker’s resolution plan must now be formally accepted by India’s National Company Law Tribunal (NCLT), which is expected by end-2018.
ESIL’s creditors have issued ArcelorMittal with a letter of intent stating the company has been identified as the successf…
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Anonymous
Very good overview of the weekly steel market.
Anonymous