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ArcelorMittal venture executes first 'paperless bill discounting transaction'

ArcelorMittal Nippon Steel, a joint venture between ArcelorMittal and Japan's Nippon Steel, executed the transaction in partnership with ICICI Bank.
ArcelorMittal Nippon Steel is a joint venture between ArcelorMittal and Japan's Nippon Steel (Reuters)
ArcelorMittal Nippon Steel is a joint venture between ArcelorMittal and Japan's Nippon Steel (Reuters)
Published on Jun 27, 2021 03:24 PM IST
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By | Written by Karan Manral | Edited by Amit Chaturvedi, New Delhi

ArcelorMittal reports best quarter in a decade

The biggest steelmaker outside China said it now expects steel demand this year—a key barometer for global economic growth—to be at or above the upper range of its February forecast.
ArcelorMittal projected an increase in demand of 4.5% to 5.5%, following a contraction in 2020 during the pandemic.(Reuters File Photo )
ArcelorMittal projected an increase in demand of 4.5% to 5.5%, following a contraction in 2020 during the pandemic.(Reuters File Photo )
Published on May 07, 2021 05:31 AM IST
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