The surge was driven by $0.8 billion in exceptional items, net of impairments and tax effects, alongside margin gains and strategic investments. ArcelorMittal, the worldās leading steel and mining company, posted a robust financial performance for the second quarter of 2025, reporting a threefold increase in net income to $1.8 billion, up from $504 million...
Tag: ArcelorMittal
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ArcelorMittaĆĀ“s Rs.50,000-crore mining project fails to get green nod
The Environment Ministry has shot down a Rs 50,000-crore proposal from ArcelorMittal for a mining project in the dense Saranda forest area of Jharkhand.
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Is IndiaĆĀ“s steel industry ready to take the torch from China?
As Prime Minister Narendra Modi pushes for improvements in IndiaĆĀ“s infrastructure and housing, the nationĆĀ“s steel consumption is set to accelerate. ChinaĆĀ“s demand for steel, meanwhile, is retreating from the double-digit growth rates of the past 10 years as Beijing tries to shift the economy to focus on domestic consumption rather than exports.
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Govt land for steel project
For implementing its proposed 6-million tonne-per-annum (mtpa) steel plant, the Karnataka government granted over 2,000 acre land to ArcelorMittal at Kuditini, Bellary district.
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Govt gives 2,000 acre land for Rs 300 bn steel project
For implementing its proposed 6-million tonne-per-annum (mn tpa) steel plant, the Karnataka government granted over 2,000 acre land to ArcelorMittal at Kuditini, Bellary district. The state government and the global steel giant entered into a memorandum of understanding (MoU) for the Rs 30,0
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ArcelorMittal abandons 12 mn t steel project in Odisha
After unsuccessfully waiting for seven years to secure land, ArcelorMittal abandoned its 12-million tonne steel plant in Odisha citing unviability of the project. In a press release, the firm said the inordinate delays relating to land acquisition and allocation of captive iron ore blocks means this project is no longer viable
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Luxembourg ready to support ArcelorMittal on investments
Luxembourg's Ambassador Gaston Stronck has stated that the company is open to lend support to ArcelorMittal for taking forward its plans in India. Luxembourg is ready to support if ArcelorMital wishes and seeks help, Stronck said. Arcelor Mittal, which had shifted its headquarters to Luxembourg, had approached the authorities for related licences and tariff for market access to India, said Stronck, who was speaking on the sidelines of a CII event Kolkata.
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ArcelorMittal expects decision on pact renewal in 9 months
Odisha government may decide on the application of ArcelorMittal for renewing its memorandum of understanding (MoU) on the proposed 12 million tonne per annum (mn tpa) steel plant, in the next six to nine months. In 2006, both the state government and ArcelorMittal signed the agreement for the steel plant and
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ArcelorMittal expects decision on pact renewal in 9 months
Odisha government may decide on the application of ArcelorMittal for renewing its memorandum of understanding (MoU) on the proposed 12 million tonne per annum (mn tpa) steel plant, in the next six to nine months. In 2006, both the state government and ArcelorMittal signed the agreement for the steel plant and
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Uttam Galvas Steels sees recovery in export
Uttam Galva Steels has reportedly witnessed recovery in the sale of its products in the European and US markets. The company, which is an associate of ArcelorMittal, realised 40 per cent of its Rs 5,475 crore total turnover from exports in the last financial year. ArcelorMittal holds 34.42 per cent stake in the firm.The firm
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