Steel News

ArcelorMittal Raises Offer for India’s Essar Steel

9/12/2018 - ArcelorMittal has put a new offer on the table for Essar Steel India Ltd., bidding the equivalent of US$5.8 billion for the bankrupt steelmaker, according to media reports. 

ArcelorMittal, which is looking to establish a manufacturing foothold in India, has confirmed the reports and added that “media reports speculating on the financial value of the revised offer are broadly accurate.”

The (India) Economic Times has more here.