Lenders to reauction Essar Steel after rejecting ArcelorMittal, Numetal bids

Lenders to reauction Essar Steel after rejecting ArcelorMittal, Numetal bids

Photo: Bloomberg

Lenders to Essar Steel Ltd have decided to reopen bidding for the debt-ridden steel maker after declaring ArcelorMittal and Numetal Mauritius Ltd ineligible, said two people aware of the matter.

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