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About 72 results for "essar steel minnesota"

Essar Steel's growing woes: Now, the US subsidiary mandates advisers for debt restructuring

Essar Steel reaches Milestone for 7 mtpa Pellet Project

Iron Ore Project Essar Steel Minnesota LLC (ESML) has succeeded in reaching a major financial milestone by closing the financing to complete construction of its fully permitted open-pit iron ore mine, crushing, concentrating and pelletizing ... Bulk Solids Handling, 2 weeks ago
Essar faces challenges on multiple fronts Business North, 1 month ago

Steel project delay lands Essar Group in bad books of US lender DK Partners, recalls $370 million loan

MUMBAI: Essar Group has found itself in the crosshairs of Davidson Kempner Capital Management (DK Partners) — one of Wall Street's largest and feared hedge funds — for delays and cost overruns in its ambitious US project executed by Essar Steel ...
 Economic Times1 month ago US steel project delay lands Essar in bad books of feared Wall St creditor DK Partners; recalls $370 million loan  Economic Times1 month ago Project delay lands Essar in bad books of feared Wall Street creditor DK Partners  Economic Times1 month ago

Essar comments on Nashwauk project, search for financing [Duluth News Tribune]

April 12--Essar Steel Minnesota on Monday confirmed reports published in recent weeks that the company has hired Guggenheim Securities LLC, a global investment bank, as a financial adviser on its Nashwauk taconite mine and processing plant. Essar ...
 Bloomberg3 weeks ago Essar Steel misses $10 million repayment to Minnesota  Yahoo! Finance4 weeks ago Essar Steel late on $10 million reimbursement to the state [Star Tribune (Minneapolis)]  Bloomberg4 weeks ago Essar Steel Minnesota heads toward bankruptcy [Duluth News Tribune]  Bloomberg1 month ago

Statement from Governor Dayton on Essar Steel

MIL OSI Source: US State of Minnesota Press Release/Statement: Headline: ST. PAUL Governor Mark Dayton today released the following statement regarding Essar Steel. I remain determined that the stalled Essar project be constructed, begin ...
 Foreign weeks ago OFFICE OF GOVERNOR OF STATE OF MINNESO : Statement from Governor Dayton on Essar Steel  4 Traders3 weeks ago

Essar Steel missed a $10M repayment, and the governor is 'disappointed'

Gov. Mark Dayton is callingEssar Steel Minnesota an untrustworthy partner after it failed tomake a$10 million payment to Minnesota like it had promised. The governorand steel company
 Twin Cities Business4 weeks ago Dayton slams 'untrustworthy' Essar Steel over missed state payment  Business North4 weeks ago
Calcutta Telegraph

Arcelor, Essar feel US pinch

March 25: A slowing Chinese economy is triggering upheavals in the world steel market. Chinese steel producers, faced with a demand crunch at home, are flooding world markets with cheap steel that are forcing some global majors to look for buyers ...
 Calcutta Telegraph1 month ago

Minnesota's Iron Range hammered by steel industry layoffs

Nearly 7,000 workers have lost their jobs on northern Minnesota's Iron Range in the past year as a result of the collapse of the global steel industry, according to state government data. Among these are 1,990 direct layoffs from mining companies ...
 World Socialist Web Site1 month ago Tough times could mean difficult choices on the Iron Range  Equities.com1 week ago Star Tribune (Minneapolis) Lee Schafer column [Star Tribune (Minneapolis)]  Bloomberg1 week ago On the Iron Range, prolonged downturn is taking its toll  Equities.com5 days ago

Allete downgraded to Hold at Williams Capital

Allete ( ALE -1.5%) is downgraded to Hold from Buy at Williams Capital, which says the Essar Steel situation continues to stumble into a perpetual morass as news in recent days is replete with stories of Essar's project failures ( ...
 Seeking Alpha1 month ago
Northern Ontario Business

Essar settles iron ore supply dispute with Cliffs

Essar Steel Algoma has settled its contract dispute with Cliffs Natural Resources for the supply of iron ore pellets to its Sault Ste. Marie steel plant. According to a news release, the settlement, which resolves all claims between the parties, ...
 Northern Ontario Business1 week ago Is There an Upside to Cliffs's US Iron Ore Volumes?  Yahoo! Singapore2 days ago

Cliffs CEO wants iron plant in Minnesota [Duluth News Tribune]

March 24--VIRGINIA -- Cliffs Natural Resources CEO Lourenco Goncalves on Wednesday said he wants to build a direct-reduced iron plant in Minnesota and strongly hinted he'd like to do it at the now half-built Essar Steel Minnesota site in Nashwauk. ...
 Bloomberg1 month ago CLIFFS NATURAL RESOURCES : CEO wants iron plant in Minnesota  4 Traders1 month ago
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