Arcelor Mittal

Mamata Banerjee tells industrialists there is no pressure in West Bengal, urges Nepal, Bhutan and Bangladesh to invest

In an effort to shed West Bengal's investor wary image and woo much-needed capital, Chief Minister Mamata Banerjee on Tuesday said the people of the state will dedicate their heart to Indian and foreign industrialists if they infused capital in the state.

India's protectionist act? Govt to insist on local steel usage for $59 bn infra projects

The government expects the move to boost sales of local companies such as JSW Steel and Tata Steel, and eventually attract global steelmakers such as ArcelorMittal and POSCO to invest in the country

Lakshmi Mittal's salary almost flat at $ 1.77 mn in 2012

The salary of Lakshmi Mittal, Chairman and CEO of Arcelor Mittal, inched up a mere 1.78 percent at $1.77 million last year, amid the world's largest steelmaker reporting a net loss of $3.73 billion in 2012 due to slump in demand and write downs.

ArcelorMittal to sell $1.1bn stake in Canada iron ore unit to Posco

ArcelorMittal, the world's biggest steelmaker, will sell a $1.1 billion stake in a Canadian iron ore mine operator to a consortium that includes South Korean steelmaker Posco and Taiwan-listed China Steel Corp, China Steel said in a statement.

France's threat to Mittal is proof that socialism doesn't work

Hollande's experience of fanning class warfare in France, as evidenced by his nationalisation threats to Lakshmi Mittal, and India's own failure to dismantle labour market rigidities and the other superstructures of the welfare state, offer proof that socialism doesn't work.

Billionaire investor Wilbur Ross re-appointed on ArcelorMittal board

Shareholders of NRI business tycoon Lakshmi Mittal-led ArcelorMittal approved appointment of N Vaghul, former chairman of ICICI Bank, and billionaire investor Wilbur Ross as the company's directors for another term.

'Wait and see' approach dents ArcelorMittal's profits in Q3

ArcelorMittal, which makes between 6 and 7 percent of global steel, said customers were increasingly cautious due to economic uncertainties, such as the risk of recession in developed markets and policy tightening, leading to slower growth, in China.

ArcelorMittal considers buying Italian steelmaker Ilva

The world's biggest steel producer ArcelorMittal is among parties considering buying Italian steelmaker Ilva, depending on the cost of an environmental cleanup plan ordered by the government, several sources said on Monday.

Tribal rights activist Dayamani Barla wins Ellen L Lutz award

Tribal rights activist Dayamani Barla who has been at the forefront of several mass movements in the past 15 years, including the campaign against Arcelor Mittal's steel plant in Jharkhand, has been awarded the Ellen L Lutz indigenous rights award.