Stressing that India's growth story was not over, billionaire Lakshmi N. Mittal on Sunday said the Asia's third largest economy will continue to grow despite policy paralysis.

"India story is defini

Billionaire Lakshmi N. Mittal on Saturday said capacity of his first downstream oil venture here will be doubled to 18 million tonne in future.

Speaking at the formal opening of the Rs 21,500 crore

A new steel policy will be put in place in six months to facilitate rapid growth of the domestic steel sector by ensuring faster capacity addition, the government on Friday said.

"A Steel Ministry pa

World's largest steel producer ArcelorMittal has made some headway in India by getting possession of about 1,827 acres for the proposed 6 million tonne plant in Karnataka.

The company said in its an

Steel maker ArcelorMittal was cautiously optimistic about its near-term prospects even after it reported a heavy fourth quarter loss generated by a deteriorating European economy and big tax and restr

ArcelorMittal SA, the world's largest steelmaker, said on Thursday a summer dip is deepening into a second-half slump, with even lower steel shipments expected in the fourth quarter than the third and

US firm Peabody Energy and Europe's ArcelorMittal steel company said on Thursday their hostile USD 4.9 billion (3.4 billion euro) bid for Australia's Macarthur had formally opened.

"Peabody and Arce

Toronto: ArcelorMittal and Nunavut Iron Ore Acquisition, which jointly acquired Canada's iron ore-rich Baffinland Iron Mines Corporation, on Monday announced further consolidation of their stake in th

Feb. 1: Resource-hungry Asian states are locking horns with steelmaker ArcelorMittal and miner Vale to develop the world’s largest untapped coking coal deposit in Mongolia, as they scramble for raw m

Toronto: Even as ArcelorMittal stuck to its Thursday night deadline of a friendly takeover offer of $492 million to Canada's Baffinland Iron Mines Corporation, rival Nunavut Iron Ore upped its hostile