Big steelmakers such as Tata Steel, JSW Steel and ArcelorMittal Nippon will reap high profits as the steel prices rise above the pre-COVID levels

ArcelorMittal's U.S. business has more than 18,000 employees and 25 facilities, including mines, steelmaking facilities and finishing operations

Traders said reduced prices had driven the purchases as Indian sellers sought to get rid of a surplus generated by the impact of COVID-19 on domestic demand and generate much-needed income

Within days of acquiring Essar Steel under an insolvency process, AMNSIL had made an application to the Gujarat Maritime Board requesting that the licence be transferred to them

Coronavirus vaccine news: Lakshmi Mittal said that the importance of dedicated and ongoing research in this field cannot be overestimated

Of this, 1,604 cases have been settled by the tribunals across the country by finding a new buyer, commencing liquidation, or allowing voluntary withdrawals

It forecast EBITDA would drop to between $400-$600 million, with steel shipments within a range of 13.5-14.5 million tonnes

Mittal also said his companies are providing daily meals to over 5,000 people and food kits to more than 30,000

Talking to leading CEOs and promoters from Indian corporate sector at the US embassy here on Tuesday, Trump appreciated their investments in the United States and encouraged them to invest more

Trump in India: Chief of Defence Staff Bipin Rawat, National Security Adviser Ajit Doval, PK Mishra, Principal Secretary, Head of NITI Aayog Amitabh Kant are also expected to attend the meeting

JSW Steel's steelmaking capacity will increase to 21.5 MT from 18 MT post Rs 19,700 crore acquisition of Bhushan Power and Steel

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For the whole year (2019), ArcelorMittal reported a net loss of USD 2.5 billion as against net income of USD 5.1 billion in 2018

Aditya Mittal, who is also the chairman of HMEL, spearheads HMEL's expansions into petrochemicals

The Tata group chairman N Chandrasekaran recently told a British Newspaper that Tata Steel, India cannot continue funding the mounting losses at TSE's Port Talbot steelworks in the UK

The IBC Amendment Bill 2019 expanded the ambit of the insolvency law by including provisions on interim finance, setting of threshold limit on application by homebuyers and providing immunity to corporate debtor post successful resolution plan