Tag: Essar Steel
ArcelorMittal and Nippon Steel & Sumitomo Metal Corporation (‘NSSMC’) have announced that ArcelorMittal’s subsidiary ArcelorMittal India Private Limited (‘AMIPL’) has recently submitted an offer in the re-bidding process for Essar Steel India Limited (‘Essar Steel’) in connection with the joint venture between ArcelorMittal and NSSMC to jointly acquire and manage Essar Steel.
Essar Steel, one of India’s largest integrated steel producers, launched high-quality, colour-coated products, specially developed for the Kerala market. These specialised steel products will largely be used in the housing and industrial resorts segment in the region.
Essar Steel officials announced that the company is still committed to the construction of an iron ore pellet and slab steel plant near Nashwauk.