ArcelorMittal's Essar bid delays planned joint venture with SAIL
- ArcelorMittal has been engaged in a drawn out attempt to acquire Essar Steel since 2017
- The delay hurts SAIL's plan to enter a high premium and fast growing market
MUMBAI : ArcelorMittal's prolonged bid to buy debt-ridden Essar Steel is delaying the world's biggest steelmaker's joint venture with state-owned Steel Authority of India Ltd (SAIL), India's steel minister and SAIL's chairman said.
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