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We list below a number of recent iron and steel industry (or related) legal disputes. This page is updated regularly.

Tata Steel pips JSW Steel in race for Bhushan Steel tweet
Sat, 17 Feb 2018 00:00:00 GMT
Tata Steel has offered Rs 35,000 crore to the lenders of Bhushan Steel as well as a 12% equity stake in the beleaguered company. With this, the Tata Groups flagship company has emerged as the lead bidder for the debt-laden alloy maker that is going through bankruptcy proceedings, according to a source familiar with the matter. Tata Steels offer has trumped rival JSW Steels bid of Rs 29,700 crore. Bhushan Steel has a debt of Rs 50,000 crore, of which it owes Rs 44,000 crore to lenders.

Collective job action laws dont favour workers tweet
Wed, 14 Feb 2018 14:30:00 GMT
This position was confirmed by the Supreme Court in the matter ZISCO v T. Dube and 53 others judgment number ... Also see the matter Lancaster Steel v Zvidzai and others judgment SC 29/95, where the workers were dismissed for engaging in illegal collective ...

ArcelorMittal to exit Uttam Galva to make way for new ... tweet
Tue, 06 Feb 2018 00:00:00 GMT
The sale could free ArcelorMittal, the world's biggest steelmaker, to bid for other Indian steel assets which are being auctioned off as part of insolvency proceedings.

Bankrupt Steelmaker's Listed Unit Fesses Up to Phony ... tweet
Thu, 01 Feb 2018 02:47:00 GMT
Privately owned steel-maker Jiangsu Shagang Group Co. and Liaoning government-backed Benxi Steel Group became the largest shareholders of Fushun after they made strategic investments in Dongbei Special Steels bankruptcy restructuring in September.

Russia: ZEMZ starts assembling unique machinery tweet
Wed, 31 Jan 2018 00:00:00 GMT
The arbitrary court of the Novosibirsk region has declared the Mineral Group LLC bankrupt. The company intended to construct a complex to mine and process titanium-zirconium ores. The claim to the company was submitted by Story-ka LLC because of the debt of 3.6 million rubles. The project to construct the complex valued at 1.25 billio

South African ilmenite roaster failure raises fears ... tweet
Tue, 30 Jan 2018 17:45:00 GMT
A force majeure situation declared by Rio Tinto at a subsidiary in South Africa has buyers looking for alternative supplies of titanium slag.

Rio Tinto lifts force majeure on copper, acid from ... tweet
Fri, 26 Jan 2018 00:00:00 GMT
TORONTO Reuters - Rio Tinto (L:RIO) (AX:RIO) lifted force majeure on Jan. 1 for shipments of refined copper and acid from its Kennecott mine in the United States, 79 days after declaring it could...

Ramsarup Industries admitted under IBC despite ICICI ... tweet
Tue, 09 Jan 2018 23:23:00 GMT
Admitting the companys petition for commencing corporate resolution process by an order dated January 8, a division bench of the tribunal comprising justices Vijai Pratap Singh and Jinan KR said It is undisputed that the corporate debtor is not ...

Market Movers Europe, Dec 18-22: Oil market pays close ... tweet
Mon, 18 Dec 2017 01:56:00 GMT
Finally, the steel market will be assessing the impact of the force majeure on billet and rebar deliveries declared last week by Saudi Arabia's largest steelmaker, Sabic Hadeed. How long do you expect the shutdown of the Forties pipeline to last

Natixis bank broadens metals fraud lawsuit, targets ... tweet
Fri, 15 Dec 2017 00:00:00 GMT
French bank Natixis has broadened its $32 million lawsuit over fraudulent receipts for nickel stored at warehouses in Asia by adding a unit of commodities giant Glencore as a defendant, a court filing showed.

NCLT summons IBBI official, sees contempt of court tweet
Thu, 07 Dec 2017 07:22:00 GMT
Judges Jinan KR and VP Singh of NCLTs Kolkata bench ordered Sreekara Rao, a deputy general manager at the board, to be present before the dedicated bankruptcy court on December 12 in the case involving Shreeshyam Metaliks and Concast Steel & Power.

ArcelorMittal's Ilva bid stalled, but EU steel to benefit ... tweet
Tue, 05 Dec 2017 00:00:00 GMT
(Story refiled to clarify details of the court appeal in paragraph 2) By Maytaal Angel and Massimiliano Di Giorgio LONDON Reuters - ArcelorMittal's bid to buy Italian steel major Ilva may have...

BHP, Vale inch toward Samarco dam spill settlement tweet
Wed, 22 Nov 2017 05:26:00 GMT
It is now 20 months since federal prosecutors in Brazil lobbed a 155 billion real ($63 billion) claim against the Samarco partners over the damage caused by the collapse of a tailings dam at the iron ore business in November 2015. But that lawsuit ...

Elliott Management tight-lipped on BHP investment changes tweet
Wed, 15 Nov 2017 07:07:00 GMT
Vale and Samarco, including BHP's former iron ore boss and now chief executive of grain exporter CBH, Jimmy Wilson. Those criminal charges are now able to proceed after a Brazilian court ruled that evidence collected by phone-tapping Samarco executives was ...

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