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ArcelorMittal SA

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  • *ArcelorMittal booked block of iron ore trades in Sept. LONDON, Dec 12- Top steelmakers ArcelorMittal and Tata Steel are dipping their toes into iron ore derivatives, marking a crucial milestone in developing trade for the world's second-largest commodity after oil. Although the steelmakers continue to say publicly they do not use such products, sources said...

  • UPDATE 2-Cliffs may close Bloom Lake iron ore mine Wednesday, 19 Nov 2014 | 8:37 AM ET

    *May close Bloom Lake mine in Quebec. Nov 19- Cliffs Natural Resources Inc said it may have to close its Bloom Lake iron ore mine in Quebec, weeks after it revealed that three "big steelmakers" were in talks to invest in the project. "Despite the continued interest of the prospective equity partners in Bloom Lake... the potential investment is not achievable within a time...

  • *ArcelorMittal gains after results beat forecasts. PARIS, Nov 7- European shares lost ground on Friday as pessimism over economic growth and loan demand in Europe hit bank stocks, while mixed U.S. jobs data did little to buoy investor sentiment. Equities had staged a short-lived rally on Thursday after European Central Bank chief Mario Draghi reiterated plans...

  • PARIS, Nov 7- European shares rose in early trade on Friday, helped by positive corporate results from blue-chips including steelmaker ArcelorMittal as investors awaited key U.S. monthly jobs data. Shares in the world's largest steelmaker gained 3.6 percent after it reported a higher-than-expected profit in the third quarter and said improvements in its...

  • *Poland leads objections, but is not alone. The 28 member states want to set the pace for a global pact to be agreed in Paris next year with industrial powers from Asia, North America and the rest of the world. Conflict between Ukraine and Russia, the EU's biggest energy supplier, has also focused the EU on reducing its reliance on imported fossil fuels by increasing...

  • *Poland leads objections, but is not alone. The 28 member states want to set the pace for a global pact to be hammered out in Paris next year with industrial powers from Asia, North America and the rest of the world. Conflict between Ukraine and Russia, the EU's biggest energy supplier, has also focused the EU on reducing its reliance on imported fossil fuels by...

  • *Poland leads objections, but is not alone. The 28 member states want to set the pace for a global pact to be hammered out in Paris next year with industrial powers from Asia, North America and the rest of the world. Conflict between Ukraine and Russia, the EU's biggest energy supplier, has also focused the EU on reducing its reliance on imported fossil fuels by...

  • OTTAWA, Oct 8- Canada's Arctic territory of Nunavut has opened long-awaited talks with the federal government on gaining control of the region's vast natural resources, a move that could boost exploration and development. Nunavut, nearly four times as big as France, covers 810,000 square miles of rock, ice and water. Companies active in Nunavut include...

  • Sept 17- Nucor Corp shares rose to a six-year high on Wednesday after the steelmaker said it would report higher-than-expected third-quarter earnings. Nucor said it expected to post a third-quarter profit of 70 cents to 75 cents per share.

  • European shares rise as Fed statement seen less hawkish Wednesday, 17 Sep 2014 | 10:45 AM ET

    *Smiths Group falls after slump in operating profit. LONDON, Sept 17- European equities advanced in cautious trading on Wednesday on expectations that the U.S. Britain's blue-chip FTSE 100 index was down 0.1 percent, against a 0.5 percent gain for the FTSEurofirst 300 index of top European shares to 1,386.31 points by 1405 GMT.

  • Nucor said on Monday it would buy Gallatin Steel, the U.S. joint venture between ArcelorMittal and Gerdau, for $770 million to expand into flat-rolled steel market in the growing pipe and tube business. In the current quarter ending Sept. 30, Nucor also expects to gain from write down of assets and high levels of imports due to downward pressure on pricing.

  • European shares gain on hope of less hawkish Fed Wednesday, 17 Sep 2014 | 7:08 AM ET

    *Smiths Group falls after slump in operating profit. LONDON, Sept 17- European shares rose in cautious trading on Wednesday on expectations that the U.S. Britain's blue-chip FTSE 100 index was up 0.2 percent, against a 0.6 percent gain for the FTSEurofirst 300 index of top European shares to 1,386.66 points by 1035 GMT.

  • European stocks track Wall St gains ahead of Fed Wednesday, 17 Sep 2014 | 4:09 AM ET

    PARIS, Sept 17- European shares rose in early trade on Wednesday, mirroring a rally on Wall Street sparked by a report that shifted investor expectations for the U.S.

  • European shares fall for 3rd day; M&A boosts telecoms Tuesday, 9 Sep 2014 | 12:39 PM ET

    LONDON, Sept 9- European shares slipped for a third straight session on Tuesday, with companies that trade dollar-denominated commodities such as oil taking a hit as investors shortened the odds on an early hike in U.S. interest rates.

  • *Euro STOXX 50 down 0.3 pct, FTSEurofirst 300 flat. The euro zone blue-chip Euro STOXX 50 index fell 0.3 percent to 3,259.47 points. "As the bond markets all gently back up in yield, the equities look round wondering where the prop was that they were resting on," Andy Ash, head of sales at Monument Securities, said.

  • Ebola a long term 'blip' for Africa investors Wednesday, 27 Aug 2014 | 12:45 PM ET
    A nurse wears a special uniform to be protected from the Ebola virus at a state hospital in Kenema, Sierra Leone, in August 2014.

    American investors aren't panicked about the re-emergence of Ebola in Africa, at least in the long term.

  • *Euro STOXX 50 up 1 percent. LONDON, Aug 26- Euro zone blue chips recorded their biggest two-day gain in over a year on Tuesday, boosted by the prospect of further stimulus from the European Central Bank and by strong gains for some steelmakers. The euro zone's Euro STOXX 50 index closed 1 percent higher, posting its steepest two-day rise since June 2013 at 3.2 percent.

  • Steelmakers lead as euro zone shares extend ECB rally Tuesday, 26 Aug 2014 | 11:04 AM ET

    *Euro STOXX 50 up 0.7 pct. LONDON, Aug 26- Euro zone blue chips were on track to record their best two-day gain this year on Tuesday, boosted by the prospect of further stimulus from the European Central Bank and by strong gains for some steelmakers.

  • European shares consolidate ECB-fuelled gains Tuesday, 26 Aug 2014 | 7:11 AM ET

    *FTSEurofirst 300, Euro STOXX 50 up 0.1 pct. Steelmakers ArcelorMittal, Salzgitter and Voestalpine outperformed broadly flat European bourses as analysts at UBS upgraded their shares to "buy" from "sell" in expectation that the trio will benefit from a turnaround in the sector.

  • European shares consolidate ECB-fueled gains Tuesday, 26 Aug 2014 | 7:11 AM ET

    *FTSEurofirst 300, Euro STOXX 50 up 0.1 pct. Steelmakers ArcelorMittal, Salzgitter and Voestalpine outperformed broadly flat European bourses as analysts at UBS upgraded their shares to "buy" from "sell" in expectation that the trio will benefit from a turnaround in the sector.