ArcelorMittal, Numetal may be headed for legal battle over Essar Steel

ArcelorMittal, Numetal may be headed for legal battle over Essar Steel

A worker places a stainless steel container in a coil heater inside a manufacturing workshop in the suburb of Mira-Bhayander in Thane, Maharashtra, India, on Tuesday, Jan. 7, 2014. Photographer: Vivek Prakash/Bloomberg

Early signals emanating from ArcelorMittal and Numetal, the only companies to have placed binding bids to acquire Essar Steel, hint at a protracted legal battle that could mire the resolution of the steelmaker’s debts.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter