Economy, asked by IamVishalGohil, 1 year ago

Explain Arcelormittal & Essar Steel issue and recent judgement of Supreme Court of India.

Answers

Answered by skyfall63

1

ArcelorMittal and Essar steel are two multinational steel manufacturing corporation.

Explanation:

ArcelorMittal is an MNC based on steel manufacturing and production and Essar steel is a carbon steel manufacturer.
They have competitive business patterns because they target the same kind of consumers.
However, ArcelorMittal plans to own Essar steel by the end of this year. They have plans to end the deal by the month of December 2019.
ArcelorMittal will beco-owning Essar steel along with Nippon steel as their partner. This idea has been approved by the "Supreme court of India".

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