ArcelorMittal secures EU approval for sale of steel assets in Europe

ArcelorMittal, the multinational steel manufacturing giant, has recently received approval from the European Commission for the sale of various steel-making assets in Europe to Liberty House Group. Sources with knowledge of the matter commented that the assets comprising the divestment package are the ArcelorMittal Galati …

NMDC increases mining production, may introduce new steel plant

Government-run NMDC Ltd. is reportedly increasing its iron ore mining capacity and has made plans to set up a novel integrated steel production facility worth 2.2 billion dollars (approximately INR 15335 crore). As per the company’s investor presentation, the new steel facility would possibly be …