Govt. allocates captive port to ArcelorMittal Nippon Steel plant 

Govt. allocates captive port to ArcelorMittal Nippon Steel plant 

The Government of Andhra Pradesh issued an order on Wednesday allocating a captive port at D.L Puram in Anakapalli district, with 2.90-km-long waterfront located beyond the three nautical miles buffer zone stipulated in the NAOB (Naval Alternative Operations Base – Rambilli port) notification, to ArcelorMittal Nippon Steel India Limited (AMNS), subject to obtaining requisite clearance … Read more

Steel giant ArcelorMittal posts ‘strongest quarter in a decade’

Steel giant ArcelorMittal posts ‘strongest quarter in a decade’

Steel giant ArcelorMittal said Thursday it recorded its “strongest quarter in a decade” in the first three months of the year as industrial activity rebounded from the pandemic and commodity prices rose. The company’s net profit nearly doubled to $2.3 billion (1.9 billion euros) in the period from January to March compared to the last … Read more