ArcelorMittal to get government land for steel project

October 5th, 2009 RANCHI - A day after a noted British paper said steel giant ArcelorMittal was close to pulling out of its proposed steel projects in Jharkhand and Orissa, the Jharkhand government Monday said it had not received any communication from the steel maker in this regard. "We have no information that ArcelorMittal is planning to wind up its greenfield steel project in the state," Jharkhand Industries Secretary N.N.

October 5th, 2009 BHUBANESWAR/RANCHI - A day after a noted British paper said steel giant ArcelorMittal was close to pulling out its proposed steel projects in Jharkhand and Orissa, the states Monday said they had not received any communication in this regard. "I have no information on that.

September 22nd, 2009 BHUBANESWAR - Tata Steel, which has proposed to set up a Rs.21,000-crore plant in Orissa's Kalinganagar, Tuesday said the land acquisition process for the project would be completed soon and work would start by December. "We hope that the land issues will be resolved soon.

September 9th, 2009 MUMBAI - Indian steel producer Uttam Galva Wednesday made an open public offer to acquire 29.4 percent of its shares on behalf of global steel giant ArcelorMittal at Rs.120 per share amounting to Rs.422.71 crore ($87.26 million). Earlier this month, ArcelorMittal had inked a deal with Uttam Galva to become co-promoters of Uttam Galva and picked up a 5.6 percent stake.

September 1st, 2009 LONDON - Malay Mukherjee, a leading expert in steelmaking, has stepped down from the board of directors of ArcelorMittal, the company announced Tuesday. Mukherjee, a former executive at the public sector Steel Authority of India Limited (SAIL), quit to pursue other interests, the company said.

August 4th, 2009 RANCHI - Steel projects worth Rs.125,940 crore ($26.4 billion) are hanging in the balance in Jharkhand as the state government is yet to give approvals to them, an industry lobby report said Tuesday. The report by the Associated Chambers of Commerce and Industry (Assocham), said: "Steel players like ArcelorMittal, Tata Steel and others are waiting for different forms of clearances for the last four years, which otherwise should have been cleared in two years." Releasing the report at a seminar here, Assocham secretary general D.S.

July 29th, 2009 LONDON - Global steel giant ArcelorMittal, founded by Indian born L.N. Mittal, Wednesday reported a net loss of $800 million for the second quarter of this year but hoped for a much better performance in the ensuing months.

July 8th, 2009 BRUSSELS - The European Commission announced here Wednesday that it has cleared the proposed acquisition of Dutch company Noble European Holdings B.V., a subsidiary of Noble International Ltd. of the US, by ArcelorMittal of Luxembourg.

July 8th, 2009 BRUSSELS - The European Commission announced here Wednesday that it has cleared the proposed acquisition of Dutch company Noble European Holdings B.V., a subsidiary of Noble International Ltd. of the US, by ArcelorMittal of Luxembourg.

April 15th, 2009 WASHINGTON - ArcelorMittal SA, the world's largest steel maker led by India-born steel czar Lakshmi Niwas Mittal, plans to idle a plant in East Chicago and lay off about 400 workers due to global economic crisis that has dampened demand for the metal. The Luxembourg-based company that produces 10 percent of the world's steel will suspend operations indefinitely at the Indiana Harbour Long Carbon facility, the Chicago Tribune reported Tuesday citing a company statement.

April 11th, 2009 WARSAW - Steel giant ArcelorMittal, which controls 70 percent of steel production in Poland, has asked the Polish government to stop importing Russian steel which is making a big dent on the profitability of the Lakshmi Mittal-headed steel behemoth. The Russian steel, which is much cheaper than steel produced by ArcelorMittal, has flooded the Polish market in recent days and a big part of the imported steel is also being re-exported to other European countries.

April 8th, 2009 BRUSSELS - Steel giant ArcelorMittal is shutting down one of two furnaces in its Ghent plant in western Belgium, EuAsiaNews reported quoting local media. The closure will be temporary and staff manager Guy Bontinck said that the workforce should not fear for their jobs.

March 3rd, 2009 RANCHI - Hundreds of farmers staged a protest here Monday against the acquisition of land for projects envisaged by aluminium major Hindalco, and steel manufacturer Jindal Steel and Power. 'We will lay down our lives but will not give an inch of land to Jindal Steel and Hindalco,' the protesters shouted as they marched to the governor's residence to lodge their protest.

February 10th, 2009 BRUSSELS - ArcelorMittal workers from across Europe gathered in Brussels Tuesday to protest against job losses, EuAsiaNews reported. The steel producer is axing 9,000 jobs across the globe.

January 20th, 2009 KOLKATA - Chinese steel major Sinosteel has got land in Haldia in West Bengal for its cold forged steel rolls manufacturing unit, a top official said here Wednesday. 'We will take another one year for the commissioning of the project.