Arcelor News Monitoring

Supreme Court allows Arcelor, Numetal to rebid for debt-laden Essar Steel

Anil Agarwal’s Vedanta Ltd is the third qualified bidder for Essar Steel, whose lenders had initiated insolvency proceedings for recovery of around ₹49,000 crore in dues. New Delhi: The Supreme Court on Thursday directed Numetal to clear all outstanding …

Essar bid: SC to deliver verdict on NuMetal, Arcelor appeal today

The Supreme Court is likely to deliver on Thursday its verdict on cross-appeals of Russia's VTB Bank-promoted NuMetal and steel and mining major ArcelorMittal challenging the National Company Law Appellate Tribunal (NCLAT) order on eligibility of the …

Arcelor, Numetal to bid for Essar after clearing dues: SC

Supreme Court has given both ArcelorMittal and Numetal two weeks to clear their outstanding dues and then submit a bid for Essar Steel. A bench comprising Justices R F Nariman and Indu Malhotra rejected the claim of each party that the other was …

Global High-Strength Low-Alloy Steel Sales Market 2018 Trending: Arcelor Mittal, Ansteel, Baosteel, All Metals & Forge ...

As per a new research report titled Global High-Strength Low-Alloy Steel Sales Market Report 2018, the forenamed market delivers extensive analysis of market trends and shares. It’s an insightful data for all the players operating in the market. The …

Ilva steel workers won’t lose jobs in Arcelor Mittal takeover

Genoa (Italy), Sep 26 (IANS/AKI) No worker at the Ilva steel plant in Genoa in Italy will lose job in the company’s takeover this month by steel giant Arcelor Mittal, Italy’s Industry and Welfare Minister Luigi Di Maio said. “No one will lose their …

Numetal says will match Arcelor bid if latter held eligible

New Delhi: Numetal told the Supreme Court on Thursday that it would match any offer made by ArcelorMittal should it be held eligible to bid for ailing Essar Steel in the resolution proceedings pending in the NCLT. “We will match their offer,” senior …

Essar steel CoC supports Numetal eligibility to bid, but not Arcelor’s

New Delhi: The committee of creditors (CoC) in charge of reviving the ailing Essar Steel Tuesday told the Supreme Court it sided with Numetal, which it said was now eligible to bid for Essar Steel, but ArcelorMittal was not. “No one is snow white ( …

Numetal to Supreme Court: NCLAT wrongly allowed Arcelor to pay dues

Russia’s VTB Bank-promoted firm Numetal has alleged in the Supreme Court that NCLAT “wrongly” applied legal provisions to enable its rival bidder ArcelorMittal to pay the dues of two debt-ridden firms even after it had bid for Essar Steel. A Bench of …

Arcelor wrongly allowed to pay dues after bidding for Essar Steel: NuMetal

Russia's VTB Bank-promoted firm NuMetal has alleged in the Supreme Court that NCLAT "wrongly" applied legal provisions to enable its rival bidder ArcelorMittal to pay the dues of two debt-ridden firms even after it had bid for Essar Steel. A …

Essar Steel: Arcelor withdraws letter listing Vedanta’s lapses

Aerial view of blast furnace at Essar Steel in Hazira, Gujarat. Mumbai: ArcelorMittal India Pvt. Ltd has withdrawn its letter to the Essar Steel resolution professional (RP) wherein it had hinted that Vedanta may not be eligible to bid for the debt-laden …

Essar Steel auction: SC to hear Arcelor’s plea tomorrow

ArcelorMittal CEO LN Mittal. Photo: AFP New Delhi:The Supreme Court on Tuesday agreed to hear a plea of Arcelor Mittal tomorrow seeking extension of time for the payment of Rs 7,000 crore as ordered by the NCLAT last week for its bid to become eligible …

Essar Steel auction: SC to hear Arcelor’s plea against NCLAT tomorrow

ArcelorMittal CEO LN Mittal. Photo: AFP New Delhi:The Supreme Court on Tuesday agreed to hear a plea of Arcelor Mittal tomorrow seeking extension of time for the payment of Rs 7,000 crore as ordered by the NCLAT last week for its bid to become eligible …

Ready to pay Rs 7000 crore loan of Uttam, KSSP: Arcelor

Essar steel bid: Arcelor to pay dues only after SC order

According to the company, it is in no way obliged to pay these amounts and no demand has been raised by any financial institutions or banks, and so its offer to pay these amounts is connected with the success of its resolution plan. ArcelorMittal, one of …

NCLAT order: Arcelor moves Supreme Court

The matter is being mentioned for early hearing on Tuesday morning. ArcelorMittal on Monday moved the Supreme Court against the NCLAT order that asked it to first clear dues of Rs 7,000 crore of firms it was previously associated with by September 11 to …

Numetal’s Essar Steel bid valid, Arcelor must clear dues

ArcelorMittal, in its plea, had challenged its disqualification on grounds that it had exited Uttam Galva before submitting a bid for Essar Steel on 12 February. New Delhi: The National Company Law Appellate Tribunal (NCLAT) on Thursday held Russia’s VTB …

Italy says Ilva tender was irregular but Arcelor...

By Reuters Published: 06:29 EDT, 23 August 2018 | Updated: 06:29 EDT, 23 August 2018 ROME, Aug 23 (Reuters) - Italian Industry Minister Luigi Di Maio said on Thursday the tender to sell the Ilva steel plant to industry giant ArcelorMittal was illegitimate …

Italy deputy PM says talks on Ilva with Arcelor suspended until new jobs...

ROME (Reuters) - The Italian government does not plan to continue talking with ArcelorMittal on its planned takeover of Ilva until the Luxembourg-based steel giant makes a new proposal on its jobs plans for the Italian steelmaker. "We will not call a …

NCLAT reserves order on Numetal, Arcelor pleas over Essar Steel bids

On May 22, the NCLAT had ordered status quo on insolvency proceedings of Essar Steel following the petitions. New Delhi: The National Company Law Appellate Tribunal (NCLAT) on Wednesday reserved its order on petitions filed by ArcelorMittal and Russia’s …

Treasure hunting exploration company, Global Marine Exploration Inc. brings action against State of Florida DOS.

Bobby Pritchett CEO of Global Marine Exploration "You cannot trust the State of Florida, or at least the people whom run it, very dishonest and misleading.IMO CAPE CANAVERAL, FLORIDA, BREVARD, October 16, 2018 /⁨EINPresswire.com⁩/ -- THE …

Trinity Investments Limited – Asian Markets Make Modest Gains – Concerns over Saudi Arabia

Asian stocks bounced modestly on Tuesday, gaining a toe-hold after a week of heavy losses. HONG KONG, HONG KONG, HONG KONG, October 16, 2018 /⁨EINPresswire.com⁩/ -- Asian stocks bounced modestly on Tuesday, gaining a toe-hold after a week of …

Gov. Cuomo & AG Underwood refuse to move convicted sex offenders out of group homes

Gov. Cuomo and Attorney General Underwood are endangering the welfare of incompetent people by moving convicted sex offenders from prisons into group homes ALBANY, NEW YORK, UNITED STATES, October 16, 2018 /⁨EINPresswire.com⁩/ -- As an advocate …

Governor General of Canada to visit Burkina Faso, Côte d'Ivoire, and Nigeria

Download logo The Prime Minister, Justin Trudeau, today announced that Her Excellency the Right Honourable Julie Payette, Governor General of Canada, will visit Burkina Faso, Côte d’Ivoire, and Nigeria, from October 23 to 30, 2018. The state visit is an …

FEMA Issues Solicitation for Travel Trailer Purchases for Disaster Relief in North Carolina from Hurricane Florence

Kinston, N.C. , Oct. 16, 2018 (GLOBE NEWSWIRE) -- FEMA is seeking to purchase recreational verticals including travel trailers and fifth wheel trailers that are available for immediate purchase. All of these items shall be sold new, never used, nor have …

Poll: Americans Value Curbside Recycling Programs But Seek Improvements

Washington, DC, Oct. 16, 2018 (GLOBE NEWSWIRE) -- Since China banned the import of most recyclable material at the beginning of this year, curbside recycling programs in the United States have been in the spotlight. And municipalities have sought ways to …

Minister of State for Trade and Export Promotion speech at UK-Ghana Investment Summit

Download logo Your excellencies The President and Vice President of Ghana, Honorable Minister, High Commissioners, Distinguished Guests, Ladies and Gentlemen, Good morning. Thank you. I am delighted to be here in Accra to welcome you all here to this …

"Fighting Corruption and Illicit Financial Flows (IFFs) in Nigeria is non-Negotiable” - President Buhari

Download logo “For my administration, fighting corruption and Illicit Financial Flows (IFFs) in Nigeria is non-gegotiable’, This was the statement by Muhammadu Buhari, President of the Federal Republic of Nigeria to Thabo Mbeki, former President of the …

CINDE announces: Costa Rica will be the Latin American epicenter of technological convergence for life sciences

San José, Costa Rica, Oct. 16, 2018 (GLOBE NEWSWIRE) -- For the fourth time, Costa Rica is the Latin American epicenter of technological convergence for life sciences. Ten international speakers will be analyzing the future of the technological …

Kenya, Karma, Kinship, King, Kennedy and Obama

Anthony "Amp" Elmore travels to Kenya to promote Kenya as the world's designation whereas African/Americans and American note as the "Returning Point to Africa" MEMPHIS, TN, US, October 16, 2018 /⁨EINPresswire.com⁩/ -- …

National Assembly Speaker Baleka Mbete convenes the BRICS Parliamentary Forum in Geneva on the Sidelines of the Inter-...

Download logo The South African National Assembly Speaker Baleka Mbete today has a busy programme as part of leading the country’s participation in the Inter-Parliamentary Union’s  (IPU) 139th Assembly currently meeting in Geneva.  She will attend  the …

The Department of Trade and Industry (the dti) to lead Agro-Processing Companies on Mission to Explore New Markets at ...

Download logo The Department of Trade and Industry (the dti) will lead a delegation of 38 agro-processing companies on a mission to explore new markets at the 27th edition of the Salon International de l’alimentation (SIAL) International Food Exhibition, …

Lincoln Wins Alliance Commitments Award

The Alliance for Strong Families and Communities recently honored 135-year old Bay Area nonprofit with the 2018 Alliance Commitments Award. OAKLAND, CA, UNITED STATES OF AMERICA, October 15, 2018 /⁨EINPresswire.com⁩/ -- The Alliance for Strong …

NY State Justice Center protecting sexual predators, not people with special needs

Bogus Justice Center uses the same strategy as the Catholic Church to protect sexual predators, internal reporting of sex crimes and bypassing of local police ALBANY, NEW YORK, UNITED STATES, October 15, 2018 /⁨EINPresswire.com⁩/ -- The Jonathan …

U.S. Coast Guard Issues Solicitation for Commercial Truck Driving Course

Elizabeth City, N.C. , Oct. 15, 2018 (GLOBE NEWSWIRE) -- The U.S. Coast Guard issued a solicitation for commercial truck driving courses. This opportunity has no set-asides and the response date is October 25, 2018. For assistance in meeting this deadline …

South African Parliamentarians add their voice in calls for stronger multi-lateral governance structures of Trade and ...

Download logo The South African Parliamentarians have thrown their voice behind international efforts to halt the weakening of multi-lateral fora governing trade and investments. This position was tabled at a meeting of the Inter-Parliamentary Union’s ( …

Department of International Relations and Cooperation (DIRCO) to host the 2018 Heads of Missions Conference

Download logo The Department of International Relations and Cooperation (DIRCO) will host the 2018 Heads of Missions (HOM) conference from 21 to 25 October 2018 under the theme: “A new dawn: Inclusiveness of South Africa’s foreign policy which aims to …

IT Governance ottiene la certificazione ISO 27001 e BS 10012

ELY, CAMBRIDGESHIRE, UNITED KINGDOM, October 15, 2018 /⁨EINPresswire.com⁩/ -- Certification Europe ha ricertificato IT Governance allo standard di sicurezza delle informazioni ISO 27001 che, per la prima volta al mondo, ha permesso di ottenere …

First UK-Ghana Business Council seeks to boost trade and investment

Download logo Foreign Office and DFID Minister Harriett Baldwin returned to Ghana to launch the UK-Ghana Business Council, which met for the first time in Accra on 14 October 2018. The Business Council, which will meet twice a year, brings both …

Deputy Minister Landers to undertake a working visit to Tunisia

Download logo The Deputy Minister of International Relations and Cooperation, Mr Luwellyn Landers will undertake a Working Visit to Tunis, Tunisia, from 17 to 18 October 2018. Deputy Minister Landers will meet with his counterpart, Mr Sabri Bachtobji, …