The company, which makes around 5% of the world's steel, said core profit (EBITDA) fell 15% from a year earlier to $901 million, compared with an average expectation of $838 million in a company-compiled poll

Sun Pharma Q3 results: The drug maker's revenue from operations grew by 5.36 per cent to Rs 8,154.85 crore as compared to Rs 7,740.19 crore in the corresponding quarter

Kumar said India's pledges of contributions for operational activities of development for the year 2020 is to the tune of USD 13.5 million, in line with the country's long-standing tradition of supporting development activities across the UN system

Essar Steel case: The court stated that the NCLAT cannot interfere with the committee of creditors' commercial decisions

ArcelorMittal's South Africa says its Saldanha operations lost their competitive cost advantage to compete in the export market, \"mainly due to raw material and regulated prices\"

AMSA's environmental manager Johan Hattingh has been summoned to appear in the Vanderbijlpark Regional Court on June 26 on the criminal charges of having violated the South African Air Quality Act

Lakshmi Mittal had made some headway in India when his group's ArcelorMittal Netherlands BV bought a 29.05 per cent stake in Uttam Galva Steels in 2009.

Import of steel grew by a staggering 71 per cent last fiscal and has continued unabated in the first half of the current financial year. Imports are up 31.2 per cent now, and at 7.45 million tonne, it has already exceeded the full year 2013/14 tally.

Companies opt for impairment when the value of assets/goodwill on their books is no longer fully recoverable. This reduces the company's net worth or book value. The net profit, too, is adversely affected in the year the charge is made.