JSW Steel Ltd (JSTL.NS)
NEW DELHI India's biggest steelmaker JSW Steel said it could spend up to $1 billion on capacity expansion or acquisitions this fiscal year, and will bid for iron ore and coking coal mines in upcoming auctions to secure raw material supplies.
NEW DELHI India may soon mandate the use of local steel in government infrastructure projects worth billions of dollars, sources said, pitching it as a WTO-compliant protectionist measure aimed at further cutting cheap imports, mainly from China.
ROME, March 6 ArcelorMittal and Italy's Marcegaglia have made an offer to buy Italy's beleaguered Ilva steel plant, promising to invest 2.3 billion euros ($2.4 billion) and boost production, ArcelorMittal said on Monday.
The following factors could affect Italian markets on Monday.
The following factors could affect Italian markets on Tuesday.
ROME India's JSW Steel Ltd has joined one of two investor groups vying to take over Italy's loss-making Ilva steel plant, a source with knowledge of the matter said on Monday.