A furnace strikes sparks on a red hot steel beam inside a steel plant. (Photographer: Waldo Swiegers/Bloomberg)

Arcelor, Nippon Steel Join Forces to Bid for Insolvent Essar

(Bloomberg) -- The world’s biggest steelmaker, ArcelorMittal, and Japan’s top mill will form a partnership to bid for Essar Steel India Ltd., the insolvent producer that could fetch at least $6 bil...

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