Skip to content
ArcelorMittal SA secures a $91.6 million IDC facility, delaying its Long Steel shutdown for six months as it navigates financial turmoil and explores long-term solutions.
ArcelorMittal SA, the country’s largest steel producer, has faced growing challenges from rising production costs, cheap imports, and unreliable rail services.
The discussions follow failed rescue efforts and mounting financial pressure on the company.
The rejected offer aimed to secure a controlling stake in the company, with ArcelorMittal reaffirming its commitment to operational independence amid ongoing ownership discussions.
Gosa derives the majority of her fortune from a well-diversified investment portfolio, including a 6.15-percent stake in ArcelorMittal SA.
Gosa derives the majority of her fortune from a well-diversified portfolio that includes a 6.15-percent stake in ArcelorMittal SA.
