Essar Steel

ArcelorMittal announces publication of its 2021 half-year report

Retrieved on: 
Friday, July 30, 2021
Companies, SEC filings, ArcelorMittal, CAC 40, IBEX 35, U.S. Securities and Exchange Commission, Form 6-K, EDGAR, Essar Steel

ArcelorMittal (the Company) has today published its half-year report for the six-month period ended 30 June 2021.

Key Points: 
  • ArcelorMittal (the Company) has today published its half-year report for the six-month period ended 30 June 2021.
  • The report is available on http://corporate.arcelormittal.com/ under Investors > Financial reports > Half-year reports, and on the electronic database of the Luxembourg Stock Exchange ( www.bourse.lu/ ).
  • The report has also been filed on Form 6-K with the U.S. Securities and Exchange Commission (SEC) and is available on http://corporate.arcelormittal.com/ under Investors > Financial reports > SEC filings.
  • ArcelorMittal is the world's leading steel and mining company, with a presence in 60 countries and primary steelmaking facilities in 17 countries.

ArcelorMittal announces the publication of its 2020 annual report

Retrieved on: 
Monday, March 8, 2021
Companies, Countries, Nomenclature of Territorial Units for Statistics, ArcelorMittal, CAC 40, IBEX 35, Arcelor, Annual report, LUXEMBOURG, Essar Steel, BGL BNP Paribas

ArcelorMittal has published its annual report for the year ended 31 December 2020. The report has been filed with the electronic database of the Luxembourg Stock Exchange (www.bourse.lu) and is available at http://corporate.arcelormittal.com  >  Financial reports

Key Points: 

ArcelorMittal has published its annual report for the year ended 31 December 2020. The report has been filed with the electronic database of the Luxembourg Stock Exchange (www.bourse.lu) and is available at http://corporate.arcelormittal.com  >  Financial reports

Lakshmi N. Mittal to become Executive Chairman; Aditya Mittal appointed Chief Executive Officer

Retrieved on: 
Thursday, February 11, 2021
ArcelorMittal, Rajasthani people, Companies, Businesspeople, Business, Aditya Mittal, Lakshmi Mittal, Arcelor, Mittal, Aditya, Essar Steel, Mittal Steel Company

The Board of Directors of ArcelorMittal today announces that Aditya Mittal, currently President, CFO and CEO ArcelorMittal Europe, will become Chief Executive Officer of the company.

Key Points: 
  • The Board of Directors of ArcelorMittal today announces that Aditya Mittal, currently President, CFO and CEO ArcelorMittal Europe, will become Chief Executive Officer of the company.
  • Lakshmi N. Mittal, who founded the company in 1976 and is currently Chairman and CEO, will become Executive Chairman.
  • Aditya Mittal is without a doubt the right candidate to be the next Chief Executive of ArcelorMittal.
  • With Mr Mittal as Executive Chairman and Aditya Mittal as Chief Executive, supported by strong segment and function leaders, ArcelorMittal is well positioned to succeed in the coming decade and beyond.

Insights on the Global Steel Long Products Market 2020-2024 | COVID-19 Analysis, Drivers, Restraints, Opportunities and Threats | Technavio

Retrieved on: 
Friday, August 7, 2020
Steel, Manufacturing, Companies, Chaebol, Berkshire Hathaway, North Gyeongsang Province, POSCO, Pohang, Tata Steel, JSW Steel Ltd, Hyundai Steel, ArcelorMittal, Essar Steel, Essar Group

View the full release here: https://www.businesswire.com/news/home/20200806005991/en/

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20200806005991/en/
    Technavio has announced its latest market research report titled Global Steel Long Products Market 2020-2024 (Graphic: Business Wire)
    Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19.
  • Please Request Free Sample Report on COVID-19 Impact
    What was the value of the steel long products market in 2019?
  • ArcelorMittal SA, Essar Steel India Ltd., Hitachi Metals Ltd., Hyundai Steel Co., JSW Steel Ltd., Nippon Steel Corp., Nucor Corp., POSCO Group, Tata Steel Ltd., and United States Steel Corp. some of the major market participants.
  • Steel Long Products Market 2020-2024: Segmentation
    Steel Long Products Market is segmented as below:

AMNS Luxembourg Holding S.A. signs loan agreement

Retrieved on: 
Tuesday, March 17, 2020
Companies, Mitsui, Keiretsu, Zaibatsu, Sumitomo Mitsui Financial Group, ArcelorMittal, Sumitomo Group, Mitsubishi UFJ Financial Group, Nippon Steel, Sumitomo Mitsui Trust Holdings, Essar Steel, Essar Group

On 17 March 2020, AMNS Luxembourg Holding S.A. (AMNS), the parent company of the AMNS India joint venture in partnership with Nippon Steel Corporation (NSC), entered into a $5.146 billion ten-year term loan agreement with Japan Bank for International Cooperation (JBIC) and MUFG BANK, LTD. , SUMITOMO MITSUI BANKING CORPORATION, MIZUHO BANK EUROPE N.V., and SUMITOMO MITSUI TRUST BANK, LIMITED (LONDON BRANCH).

Key Points: 
  • On 17 March 2020, AMNS Luxembourg Holding S.A. (AMNS), the parent company of the AMNS India joint venture in partnership with Nippon Steel Corporation (NSC), entered into a $5.146 billion ten-year term loan agreement with Japan Bank for International Cooperation (JBIC) and MUFG BANK, LTD. , SUMITOMO MITSUI BANKING CORPORATION, MIZUHO BANK EUROPE N.V., and SUMITOMO MITSUI TRUST BANK, LIMITED (LONDON BRANCH).
  • The proceeds of the loan will be used to refinance in full the amounts borrowed by AMNS in connection with the acquisition of ArcelorMittal Nippon Steel India Limited (formerly known as Essar Steel India Limited), including the amounts borrowed under the $7 billion bridge term facilities agreement guaranteed by ArcelorMittal.
  • ArcelorMittal is the world's leading steel and mining company, with a presence in 60 countries and an industrial footprint in 18 countries.
  • ArcelorMittal is listed on the stock exchanges of New York (MT), Amsterdam (MT), Paris (MT), Luxembourg (MT) and on the Spanish stock exchanges of Barcelona, Bilbao, Madrid and Valencia (MTS).

ArcelorMittal and Nippon Steel complete acquisition of Essar Steel

Retrieved on: 
Monday, December 16, 2019
Companies, ArcelorMittal, CAC 40, IBEX-35, Rajasthani people, Essar Group, Essar Steel, Nippon Steel, ESSAR Steel India Limited, Lakshmi Mittal, Arcelor

16 December 2019 - 12:40 CET ArcelorMittal announces that it has today completed the acquisition of Essar Steel India Limited (ESIL), and simultaneously established a joint venture with Nippon Steel Corporation (Nippon Steel), called ArcelorMittal Nippon Steel India Limited (AM/NS India), which will own and operate ESIL.

Key Points: 
  • 16 December 2019 - 12:40 CET ArcelorMittal announces that it has today completed the acquisition of Essar Steel India Limited (ESIL), and simultaneously established a joint venture with Nippon Steel Corporation (Nippon Steel), called ArcelorMittal Nippon Steel India Limited (AM/NS India), which will own and operate ESIL.
  • ArcelorMittal holds 60 per cent of AM/NS India, with Nippon Steel holding the balance.
  • Commenting, Lakshmi Mittal, Chairman and CEO of ArcelorMittal, said:
    The acquisition of Essar Steel is an important strategic step for ArcelorMittal.
  • Eiji Hashimoto, Representative Director and President of Nippon Steel, said:
    AM/NS India manufactures flat steel, steel plates and steel pipes mainly at its integrated steel mill with nominal crude steel production capacity of 9.6 million tonnes per year in India, one of the most promising steel markets in the world.

Steel Rebar Market to Cross US$ 198 Bn by 2026: Global Market Insights, Inc.

Retrieved on: 
Wednesday, December 11, 2019
Companies, Building materials, Rebar, ArcelorMittal, Tata Steel, Mechel, Essar Steel, Evraz, Cold-formed steel, Steel, Gerdau

SELBYVILLE, Del., Dec. 11, 2019 /PRNewswire/ -- Global Market Insights, Inc. has recently added a new report on steel rebar market which estimates the global market valuation for steel rebars will surpass USD 198.5 billion by 2026.

Key Points: 
  • SELBYVILLE, Del., Dec. 11, 2019 /PRNewswire/ -- Global Market Insights, Inc. has recently added a new report on steel rebar market which estimates the global market valuation for steel rebars will surpass USD 198.5 billion by 2026.
  • Deformed steel rebar is hot rolled and later deformed through twisting and making grooves over its surface.
  • Whereas, mild steel rebar are cold rolled steel bars, are used as tensioning device in reinforced masonry structures.
  • Major players operating in the steel rebar market are ArcelorMittal, Gerdau SA, Tata Steel, Nippon Steel & Sumitomo Metal, SAIL, Essar Steel, Hyundai Steel, Daido Steel, Mechel OAO, Acerinox S.A., Kobe Steel, Evraz PLC, Jindal Steel & Power Ltd., Commercial Metals Company (CMC), and others.

Indian Supreme Court approves ArcelorMittal’s acquisition of Essar Steel

Retrieved on: 
Monday, November 18, 2019
Companies, ArcelorMittal, CAC 40, IBEX-35, Essar Group, Arcelor, Nippon Steel, ESSAR Steel India Limited, Essar Steel

ArcelorMittal announces that, following receipt and review of the formal written order, ArcelorMittal India Private Limiteds (AMIPL) resolution plan for Essar Steel India Limited (ESIL) has been unconditionally approved by the Indian Supreme Court.

Key Points: 
  • ArcelorMittal announces that, following receipt and review of the formal written order, ArcelorMittal India Private Limiteds (AMIPL) resolution plan for Essar Steel India Limited (ESIL) has been unconditionally approved by the Indian Supreme Court.
  • Supreme Court approval of AMIPLs resolution plan is the final procedural step in ESILs corporate insolvency process.
  • After completion, ArcelorMittal will jointly own and operate ESIL in partnership with Nippon Steel Corporation (Nippon Steel), Japans largest steel producer and the third largest steel producer in the world, in-line with the joint venture formation agreement signed by the two companies.
  • ArcelorMittal is the world's leading steel and mining company, with a presence in 60 countries and an industrial footprint in 18 countries.

Southeast Asia's Galvanized Steel Market Set to Reach $17.5 Billion by 2025 - Integration of Regional Economies Presents Opportunities - ResearchAndMarkets.com

Retrieved on: 
Friday, August 23, 2019
Mining, Minerals, Natural Resources, Companies, Chaebol, Berkshire Hathaway, North Gyeongsang Province, POSCO, Pohang, Dongkuk Steel, BlueScope, Essar Group, Essar Steel, Nippon Steel

Southeast Asia galvanized steel market is expected to grow at a CAGR of 8.5% from 2019 to reach $17.5 billion by 2025.

Key Points: 
  • Southeast Asia galvanized steel market is expected to grow at a CAGR of 8.5% from 2019 to reach $17.5 billion by 2025.
  • The factors such as increasing infrastructure investment, faster GDP growth, and rise in consumption of steel are driving the growth of the global galvanized steel market.
  • Moreover, opportunities from integrating the regional economies and the growing automotive market in the region further support the growth of this market.
  • Key players operating in Southeast Asia galvanized steel market are Nippon Steel Corporation, POSCO, JFE Holdings Inc., NS BlueScope Steel Ltd., Essar Steel India Ltd., Hoa Phat Group, Hoa Sen Steel Ltd., Dongkuk Steel Mill Co. Ltd., FiW Steel Sdn.

Steelworkers' Solidarity Produces Tentative Agreements at Algoma

Retrieved on: 
Saturday, May 12, 2018
Essar Group, Canadian Labour Congress, Essar Steel Algoma, United Steelworkers, Companies' Creditors Arrangement Act, Essar Steel, Economy of India, Business, Law

TORONTO, May 12, 2018 /CNW/ -Tentative agreements negotiated by the United Steelworkers (USW) at Sault Ste.

Key Points: 
  • TORONTO, May 12, 2018 /CNW/ -Tentative agreements negotiated by the United Steelworkers (USW) at Sault Ste.
  • "I congratulate the leaders of USW Locals 2251 and 2724 for their tireless efforts in negotiating tentative agreements with Algoma's secured creditors.
  • "Our members will have the opportunity to vote on these tentative agreements in coming days.
  • The former Essar Steel Algoma filed for creditor protection under the Companies' Creditors Arrangement Act (CCAA) in November 2015.