Coils of steel stand ahead of the continuous annealing process at a steel packaging factory. Photographer: Krisztian Bocsi/Bloomberg

ArcelorMittal Picked As Winning Bidder For Essar Steel   

The committee of creditors tasked with the resolution process of Essar Steel Ltd. has picked ArcelorMittal as H1 Resolution Applicant, or preferred bidder, for the insolvent asset. The final bid pr...

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