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ArcelorMittal Is Said to Boost Essar Steel Bid

Sep.11 -- ArcelorMittal has raised its bid for indebted Essar Steel India Ltd. to about 420 billion rupees ($5.8 billion), people with knowledge of the matter said. The world’s biggest steelmaker company has offered to repay all of Essar Steel’s secured debt, one of the people said. Bloomberg's Saloni Shukla reports on "Bloomberg Markets: Asia."