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ArcelorMittal SA

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  • *Electrical steel from China, Japan, Korea, Russia, U.S. BRUSSELS, May 13- The European Union will impose anti-dumping duties from Thursday on imports of a grade of electrical steel from China, Japan, Russia, South Korea and the United States, its second set of measures this year to protect European steel producers. Duties of 28.7 percent will cover imports from...

  • *Sees 2015 core profit $6- 7 bln from previous $6.5- 7 bln. BRUSSELS, May 7- ArcelorMittal, the world's largest producer of steel, on Thursday cut its profit forecast for 2015 due to a more bearish view of the U.S. steel market and the impact of falling iron ore prices on its mining business. "When you look at exports to the United States at the beginning of the year, clearly...

  • NEWCASTLE, South Africa, May 5- ArcelorMittal's South African unit will cut second-quarter production by 6 percent at its Newcastle plant due to slack demand from its domestic market, it said on Tuesday. The plant is ArcelorMittal's third-largest in South Africa by output. President Jacob Zuma's government announced plans three years ago to invest $95...

  • By Manolo Serapio Jr SINGAPORE, Feb 27- Shares in China's steelmarkers outshone long-time international rivals in 2014 as Chinese mills overwhelmed buyers with cheap prices. Shares of Hebei Iron and Steel, the listed unit of top Chinese producer Hebei Steel Group, soared more than 90 percent last year. While those gains mirrored the broader rally in Chinese...

  • *Over 70 pct of top firms seeing improvement in Europe. LONDON/ PARIS, Feb 23- Signs of a long-awaited recovery in Europe are starting to show through in the profits of leading global companies, even if their bosses are still giving most of the credit to strong demand in Asia or the United States. Reuters has analysed comments from more than 50 of the biggest companies...

  • Pedal to the metal: 6 trades on commodities Friday, 13 Feb 2015 | 6:39 PM ET

    CNBC's "Fast Money" traders discussed how to play a price spike in some key commodities.

  • *Sees 2015 core profit $6.5- 7.0 bln from $7.2 bln in 2014. BRUSSELS, Feb 13- ArcelorMittal, the world's largest producer of steel, warned on Friday of lower profits this year but surprised the market by managing to cut its debt to the lowest level since the company was created in 2006.. The company, which produces about 6 percent of the world's steel, said it expected...

  • Forecast-beating German GDP sends DAX to record high Friday, 13 Feb 2015 | 4:41 AM ET

    *ArcelorMittal rises as details on debt reassure. PARIS, Feb 13- European shares rose in early trading on Friday, with robust growth figures from Germany sending the country's blue-chip DAX index to a record high. National Bank of Greece was up 16 percent and Bank of Piraeus up 14 percent, while the leading ATG index gained 6.6 percent.

  • ArcelorMittal: Buoyant steel offset weak mining Friday, 13 Feb 2015 | 4:32 AM ET
    A worker walks among coils of galvanized steel at the ArcelorMittal Eko Stahl steelworks in Germany

    ArcelorMittal reported profit that beat in the third quarter and said improvements in its steel businesses had offset weak mining operations.

  • The company, which makes about 6 percent of the world's steel and is one of the world's largest iron ore producers, cut its estimate for global steel consumption because of a slowdown in China and heavy declines in Brazil and former Soviet states. The two regions account for about two thirds of ArcelorMittal's steel shipments. Chief Executive Lakshmi Mittal...

  • PARIS, Feb 13- European shares rose in early trading on Friday, helped by positive growth figures from Germany, while L'Oreal rallied after posting forecast-beating sales growth. However, shares in ArcelorMittal bucked the trend, dipping 1 percent after the world's largest producer of steel said its profit would fall in 2015, rather than improve as expected, as...

  • BRUSSELS, Feb 3- ArcelorMittal, the world's largest steelmaker, dropped deeper into junk territory on Tuesday after Standard& Poor's downgraded the company's debt due to weaker iron ore prices. The rating agency said it had lowered its long-term credit rating on ArcelorMittal to BB from BB+ after revising its benchmark iron ore price assumptions for 2015 and...

  • OTTAWA, Feb 2- The premier of Canada's vast mineral-rich Arctic territory of Nunavut on Monday played down the idea of tax breaks to combat a slide in commodity prices, saying investors instead wanted more infrastructure. Peter Taptuna said in an interview that the slump had hurt the economy and that he was keeping an eye on the handful of major companies that are...

  • OSLO, Dec 22- Greenhouse gas emissions by the world's top 500 companies rose 3.1 percent from 2010 to 2013, far off the cuts urged by the United Nations to limit global warming, a study showed on Monday. The top 500 firms by capitalisation accounted for 13.8 percent of world greenhouse gas emissions and 28 percent of gross domestic product in 2013, according to the...

  • *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...

  • Europe closes lower after US job data, Ukraine fears Friday, 7 Nov 2014 | 11:59 AM ET

    European stocks closed lower on Friday after the U.S. economy produced fewer than expected jobs in October and tensions in Ukraine flared.

  • Ebola epidemic: Which sectors to watch Friday, 3 Oct 2014 | 9:09 AM ET
    People wearing protective clothing for the Ebola virus, in Freetown, Sierra Leone, September 28, 2014.

    The Ebola epidemic could have “significant implications” for commodities, Deutsche Bank warned, as deaths top 3,300.

  • Steel companies finally getting control of costs Tuesday, 30 Sep 2014 | 1:50 PM ET

    Steel companies are finally getting their arms around the need to deleverage, consolidate and restructure.

  • Mining CEOs call for action against Ebola Tuesday, 9 Sep 2014 | 10:26 AM ET
    A health officer at a state hospital in Kenema, Sierra Leone on Aug. 23, 2014.

    A group of 11 mining CEOs working in West Africa are calling for fewer travel restrictions in the face of the Ebola epidemic.

  • 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.