Essar Steel

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Indian steelmaker Essar Steel will no longer offer its products to European markets, sources close to the matter said.
News ID: 8314    Publish Date : 2020/01/23

India's crude steel output in December fell by 3.7pc from a year earlier to 9.01mn t, as large-scale steel mills carried out maintenance to slow production amid sluggish demand.
News ID: 8263    Publish Date : 2020/01/09

A joint venture between ArcelorMittal and Nippon Steel has completed the acquisition of India's Essar Steel , taking over its operations.
News ID: 7995    Publish Date : 2019/12/17

India's coated steel prices dropped further this week, as consumption remained minimal with buyers delaying payments because of a lack of funds.
News ID: 6212    Publish Date : 2019/08/28

Essar Steel - an integrated steelmaker with steel making capacity of 10 MnT p.a. recorded slight decrease in total iron ore & pellet sourcing for Apr'19. The sourcing stood at 1.18 MnT in Apr'19, marginally down as against 1.20 MnT in Mar'19.
News ID: 4710    Publish Date : 2019/06/01

Essar Steel - an integrated steelmaker with steel making capacity of 10 MnT p.a. recorded an increase in total iron ore & pellet sourcing for FY’19. The sourcing stood at 12.77 MnT in FY’19, up as against 12.32 MnT in FY’18.
News ID: 4426    Publish Date : 2019/05/06

Vietnam’s domestic steel producer - Formosa Ha Tinh have recently announced revision in its steel prices today. The company have inched up its HRC offers by USD 5/MT for May end June shipments.
News ID: 4400    Publish Date : 2019/05/02

SteelMint learned from market sources that Essar Steel having the steel making capacity of 10 MnT has witnessed the growth of 10% in its crude steel output in FY19.
News ID: 4302    Publish Date : 2019/04/11

Essar Steel - an integrated steelmaker with steel making capacity of 10 MnT p.a. recorded sharp increase in total iron ore & pellet sourcing for the month of Feb’19.
News ID: 4115    Publish Date : 2019/03/22

In a recent update on Essar Steel ’s insolvency case, after the Ahmedabad bench of NCLT (National Company Law Tribunal) announced its decision in favour of Arcelor Mittal last week, the three directors of board of Essar Steel on Monday approached the National Company Law Appellate Tribunal (NCLAT) against this decision of NCLT.
News ID: 4084    Publish Date : 2019/03/19

There seems to be no end to the delays in bankruptcy case of Essar Steel . Now as per the latest updates, Ahmedabad bench of NCLT (National Company Law Appellate Tribunal) has deferred its verdict on the resolution plan of Arcelor Mittal to 19 February and the subsequent hearing of NCLAT (National Company Law Appellate Tribunal) has been postponed to 28 February.
News ID: 3855    Publish Date : 2019/03/06

Indian iron pellet imports in CY18 recorded at 0.78 MnT. The imports witnessed significant rise on yearly basis as against 0.31 MnT in CY'17. The imports hit highest in four years since CY15 at 0.38 MnT.
News ID: 3260    Publish Date : 2019/01/14

Essar Steel - an integrated steelmaker with steel making capacity of 10 MnT p.a. recorded increase in total iron ore & pellet sourcing for the month of Nov'18. The sourcing stood at 1.24 MnT in Nov'18, up 11% M-o-M as against 1.12 MnT in Oct'18.
News ID: 3020    Publish Date : 2018/12/21

On Monday, after hearing the petitions filed by Essar Steel ’s Committee of Creditors (CoC), Resolution Professional (RP) and ArcelorMittal, the two-member Ahmedabad bench of the National Company Law Tribunal (NCLT) comprising Justice Harihar Prakash Chaturvedi and Justice Manorama Kumari, has deferred the case’s hearing further till 13 Dec’18.
News ID: 2951    Publish Date : 2018/12/18

According to reports, UK headquartered Arcelor Mittal is planning to build up a new integrated steel facility of capacity 3-6 MnT at Paradip port in Odisha. Only recently Arcelor Mittal has received approval from the Essar Steel ’s lenders to take over the company with its resolution plan of INR 42,0000 crore.
News ID: 2782    Publish Date : 2018/12/02

Essar Steel - an integrated steelmaker with steel making capacity of 10 MnT p.a. recorded increase in total iron ore & pellet sourcing for the month of Sep'18. The sourcing stood at 0.88 MnT in Sep'18, up 10% M-o-M as against 0.81 MnT in Aug'18.
News ID: 2522    Publish Date : 2018/11/07

The founding family of India's private-sector Essar Steel has offered $7.4bn to creditors in an attempt to take the company out of the bankruptcy resolution process, complicating a bid by global steelmaker ArcelorMittal for the firm.
News ID: 2450    Publish Date : 2018/10/26

Following hike in HRC,CRC prices in beginning of this week,major Indian steelmakers have increased PPGI prices by around INR 1,250-2,000/MT in domestic market.
News ID: 2432    Publish Date : 2018/10/13

SteelMint learned from market sources that west India based steel mill - Essar Steel has booked around 20,000 MT of HRC for export to South Korea.
News ID: 2242    Publish Date : 2018/09/24

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