All posts tagged: ArcelorMittal

Foundation for ArcelorMittal Nippon Steel plant this month: CM

Foundation for ArcelorMittal Nippon Steel plant this month: CM

Chief Minister N. Chandrababu Naidu said in the Legislative Assembly on Wednesday (March 4) that the foundation for the ArcelorMittal Nippon Steel plant in Anakapalli would be laid this month and for the Google Data Centre in Visakhapatnam in April. Apart from this, the Tata Group was investing ₹6,000 crore in the State. The coalition government could attract these and other marquee investments by carefully resurrecting the State’s brand image, which was destroyed by the previous YSRCP government. Thanks to the efforts of the TDP-led government, Andhra Pradesh would become a $2.40 trillion economy by 2047, he asserted. Making a statement during a discussion on demands for grants to various departments in the Assembly, Mr. Chandrababu Naidu said the government was giving fast clearances by introducing 26 sectoral policies, with focus on developing industrial parks in each of the 175 Assembly constituencies, and that the industry status gave a big boost to the tourism sector, the potential of which was largely untapped. He said the government so far provided jobs to 6.28 lakh individuals, including …

France to seek protection from Chinese steel imports after ArcelorMittal job cuts | World News

France to seek protection from Chinese steel imports after ArcelorMittal job cuts | World News

Apr 24, 2025 02:59 PM IST FRANCE-ARCELORMITTAL/:France to seek protection from Chinese steel imports after ArcelorMittal job cuts PARIS, – France and other European countries will push for measures to protect the European steel industry against Chinese imports, French government spokesperson Sophie Primas said on Thursday. France to seek protection from Chinese steel imports after ArcelorMittal job cuts Primas was responding to an announcement by steel manufacturer ArcelorMittal that it will eliminate around 600 jobs across seven French sites due to the crisis in Europe’s steel industry. “We have taken some first steps, notably on the question of quotas and the introduction of Chinese steel quotas, but we must go further and France is at the forefront,” Prima told broadcaster CNews/Europe1. Steelmakers across Europe have been hit by high energy prices and competition from cheap Chinese imports. They also now face larger tariffs on exports to the United States. Primas said Chinese overproduction of steel was partly to blame for the reduced competitiveness of Europe’s steel industry. In a statement sent to its Works Council …

Andhra cabinet approves ArcelorMittal steel plant to be set up in Anakapalli | Latest News India

Andhra cabinet approves ArcelorMittal steel plant to be set up in Anakapalli | Latest News India

The Andhra Pradesh cabinet chaired by chief minister N Chandrababu Naidu on Thursday approved ArcelorMittal Nippon Steel India Limited’s (AMNSL) proposal to establish a steel plant in Anakapalli district with a production capacity of 17.8 million tonnes per annum in two phases, with an investment of around ₹1.35 lakh crore. Andhra Pradesh chief minister N Chandrababu Naidu chairs a cabinet meeting, at the State Secretariat in Amaravati on Thursday. State Deputy CM Pawan Kalyan is also seen. (ANI) “In the first phase, a steel plant with a production capacity of 7.3 million tonnes per year will be set up with an investment of ₹55,964 crore, and production is targeted to commence by January 2029. This phase is expected to create 20,000 jobs,” state information and public relations minister K Parthasarathy told reporters after the cabinet meeting. He said that the second phase aims to establish an additional steel plant with a production capacity of 10.5 million tonnes per year with an investment of ₹80,000 crore, expected to be completed by 2033, creating 35,000 jobs. Parthasarathy …