Trump imposes metal tariffs on Brazil, Argentina
02 Dec 2019
Commentary on Trump administration's plan to impose immediate tariffs on steel and aluminum imports from Argentina and Brazil.
Essar Steel verdict: What's next for bankruptcy law? | Economic Times
20 Nov 2019
India's insolvency resolution framework has truly arrived after a tortuous journey of three years. Banks will finally be able to keep out unscrupulous promoters with the law establishing the primacy of financial lenders on asset proceeds.
Tata Steel to Cut 3,000 Jobs
19 Nov 2019
Tata Steel plans to cut as many as 3,000 jobs across its European operations. The company, which has facilities in the U.K. and in the Netherlands, says about two-thirds of the reduction will be office space staff.
Steel Giant ArcelorMittal Set To Lose Legal Immunity
12 Aug 2019
Steel giant ArcelorMittal is striving to clean up and turn around Italy's most poisonous steel plant while activists and residents urge its closure.
Vietnam is Trump's newest tariff target
09 Jul 2019
The US has imposed a 400 percent tariff on Vietnamese steel. Jock O'Connell of Beacon Economics discusses the issues.
Supreme Court Halts ArcelorMittal payment to Lenders
12 Apr 2019
Supreme Court orders status quo as per March 8 NCLAT order, halting payment for Essar Steel.
NCLT Ahmedabad approves Arcelor Mittal's Essar Steel takeover plan
10 Mar 2019
Ahmedabad bench of NCLT has given a green light to the resolution plan submitted by Arcelor Mittal paving the way for the world's largest steelmaker to take over Ruia family controlled Essar Steel.
Essar Group In Talks With ArcelorMittal For Deal On Power and Port Assets
20 Feb 2019
Essar Group has discussed the sale of its captive port and power plant in Hazira, Gujarat, for Rs 8,500-10,000 crore with ArcelorMittal.
NCLT Rejects Essar Steel Promoters' Plea To Repay Debt
29 Jan 2019
The Ahmedabad-bench of National Company Law Tribunal (NCLT) on Tuesday rejected Essar Steel promoter Ruia family's plea to repay debt, effectively scuttling the group's attempt to hold on to the company and boosting the chances of lenders selling it to a new owner, possibly ArcelorMittal. NCLT said in its verdict that there is no illegality from the lenders' side for not accepting Essar Steel promoters' plan.
Nippon Steel & Sumitomo Metal Corporation asset seizure approved
08 Jan 2019
A group of South Korean plaintiffs are pushing to seize the Korea-based assets of a Japanese steelmaker over Tokyo's policy of forcing Koreans to labor for little to no pay during its colonial rule of the Korean Peninsula.
In the latest developments, a court has approved seizure of Nippon Steel & Sumitomo Metal Corporation's assets.
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