ArcelorMittal Nippon Steel India Eyes Record Breaking USD 1 Billion Loan
The State Bank of India, ICICI Bank Limited and Axis Bank Limited are expected to sign the deal, which will possibly be the largest local-currency loan taken in India in 2024. May 2, 2024 ArcelorMittal Nippon Steel India Limited, a partnership between two major steelmakers of the world, is holding talks with leading Indian banks […]
Nippon Set to Acquire US Steel by December, Gets EU Nod
The European Commission, the executive organ of the European Union, said the planned deal will not raise competition concerns given the companies’ limited market positions. May 10, 2024 Japan’s leading steelmaker Nippon Steel Corp will stick to its plan to acquire United States’ Steel Corp, by December end. Vice Chairman of the Japanese steelmaker and […]
ArcelorMittal Nippon Steel to Invest INR 100 Crore to Set Up Three Scrap-Processing Centres
AM/NS India plans to invest INR 100 crore to set up three scrap-processing centers in Gujarat and Maharashtra. Dec 06, 2023 ArcelorMittal Nippon Steel India (AM/NS India) plans to set up three dedicated scrap-processing centers in Gujarat and Maharashtra, as major steel companies in India anticipate difficulties in meeting their scrap requirements through imports. AM/NS […]
Japan’s Nippon Steel Set to Acquire U.S. Steel for USD 14.9 Billion in Cash
U.S. Steel has been sold to Japan’s Nippon Steel for USD 14.9 billion in cash outbidding Cleveland-Cliffs, ArcelorMittal, and Nucor. Nippon’s acquisition marks its move toward 100 million metric tons of global crude steel capacity, while significantly expanding its production in the United States. Dec 19, 2023 Japan’s Nippon Steel secured a USD 14.9 billion […]
Motilal Laxmichand Sanghavi: Betting Big on Carbon & Alloy Steel Tubes
Motilal Laxmichand Sanghavi is one of the fastest growing companies engaged in supplying all types of seamless, boiler tubes, hydraulic tubes, heat exchanger tubes, pipes & fittings, and square & rectangular tubes. In an exclusive interaction with Tube & Pipe India, Mr. Hemal D. Sanghavi, Partner, Motilal Laxmichand Sanghavi, takes us through the company’s wide […]
