NIPPON STEEL CORP. MAY SELL 2 OF ITS U.S AUTOMOTIVE STEEL PLANTS

Highlights –

• Nippon Steel Corp. may sell 2 of its U.S automotive steel plants.
• Its partner ArcelorMittal S.A jointly owns a company running the two plants.
• Nippon Steel has planned to close one of its plants in western Japan by Septe...

EUROPEAN STEELMAKERS HALT PRODUCTION: FIRST CONSEQUENCE OF AUTOMOBILE INDUSTRY SHUTDOWN?

Highlights

• Steel giants Tata and Thyssenkrupp shut down majority of plants

• Automobile industry consumes 1/5 of total steel consumption

As an impact of shutdown of car plants, the European steelmakers have ceased production.  Due to global coronavir...

Essar loan specialists get ?38,896 cr from Arcelor

The ArcelorMittal-Nippon Steel consolidate has moved ?38,896 crores to loan specialists for the procurement of the once-Ruias-possessed Essar Steel in an indebtedness driven procedure. For the loan specialists, recuperation comes more than two years after they started a corporate indebtedness goa...