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ArcelorMittal

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  • *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.

  • SAO PAULO, Aug 15- Whichever way Brazil's steel industry looks it sees pain. "Only a crazy person would invest in Brazil right now," CSN Chief Executive Benjamin Steinbruch told a conference in Sao Paulo this week.

  • Aug 8- Contractors at ArcelorMittal SA's iron ore mine in Liberia are evacuating the country and other miners are sending staff home to prevent the spread of the deadly Ebola virus. A prolonged outbreak, however, will threaten mineral production in Sierra Leone, Liberia and Guinea if essential supplies are disrupted and employees stay away from work too long.

  • BRUSSELS, Aug 8- Steel and mining company ArcelorMittal on Friday announced force majeure on a project that is planned to triple its iron ore production in Liberia because of the Ebola epidemic sweeping West Africa.

  • LONDON, Aug 7- Rio Tinto indicated it would not take part in a tender for the mining rights for the northern half of the disputed Guinea iron ore deposit Simandou, saying the government would prefer other companies to invest.

  • *FTSEurofirst 300 down 1 pct, Euro STOXX 50 down 0.7 pct. *Banco Espirito Santo stock sinks 19 pct. But stocks remained deep in negative territory, with a broad index trading at 3-1/ 2 month lows, hurt by tension between Russia and the West, Argentina's default, as well as concerns around losses at Banco Espirito Santo.

  • PARIS, Aug 1- European stocks fell on Friday for the third straight session in brisk trade, with a broad index hitting a 3-1/ 2 month low as tension between Russia and the West as well as concerns around losses at Banco Espirito Santo gnawed at sentiment.

  • *Cuts outlook to more than $7 bln from about $8 bln before. *Iron ore price assumption cut to $105/ tonne from $120. BRUSSELS, Aug 1- ArcelorMittal SA, the world's largest steelmaker, cut its forecast for earnings this year after lower than anticipated iron ore prices ate into the profit of its mining business, sending its shares down some 6 percent.

  • *FTSEurofirst 300 down 0.4 pct, Euro STOXX 50 down 0.3 pct. *Gloomy outlook at Arcelor, Vinci also weigh. The euro zone Euro STOXX 50 index was down 0.3 percent at 3,106.17 points.

  • RIO DE JANEIRO, July 8- The world's largest steelmaker ArcelorMittal expects Brazil's industrial production to improve in the second half of the year as the country gets back to work after the World Cup, giving a welcome boost to Brazil's flat steel producers.

  • MONROVIA, July 4- Liberia's security forces fired shots in the air to break up a protest at an ArcelorMittal SA iron ore plant northeast of the capital on Friday, authorities and witnesses said. One demonstrator, who declined to be named, said ArcelorMittal had not fulfilled the terms of its concession agreement with the Liberian governmenOt.

  • RPT-After 125 years, Alcoa looks beyond aluminum Friday, 27 Jun 2014 | 7:01 AM ET

    June 26- Alcoa Inc, the company that helped create the aluminum industry more than a century ago, is reinventing itself as a manufacturer of specialized components for aerospace and automotive customers, including some that contain no aluminum at all.

  • After 125 years, Alcoa looks beyond aluminum Thursday, 26 Jun 2014 | 6:39 PM ET

    June 26- Alcoa Inc, the company that helped create the aluminum industry more than a century ago, is reinventing itself as a manufacturer of specialized components for aerospace and automotive customers, including some that contain no aluminum at all.

  • European shares hit 3-week low on Iraq concerns Wednesday, 25 Jun 2014 | 4:13 AM ET

    *GDF-Suez sags as France sells stake at bottom of range. PARIS, June 25- European shares dropped on Wednesday, mirroring a pull-back on Wall Street and in Asia as mounting worries over violence in Iraq prompted investors to book profits after a strong run.

  • NEW YORK, June 17- The Italian government has asked ArcelorMittal SA to consider investing in or buying troubled Italian steel producer Ilva, the chief executive officer of the world's largest steelmaker said on Tuesday.

  • Loudi, CHINA, June 15- ArcelorMittal, the world's top steelmaker, said on Sunday it would use its Chinese joint venture to tap into the country's fast-growing car market, helping offset slackening steel demand on the back of a slowing economy.

  • EU steelmakers restart blast furnaces, constrain recovery Wednesday, 11 Jun 2014 | 10:44 AM ET

    Still, prices of the alloy are not far off their lowest level in four years, constrained primarily by a 30 percent price decline in raw materials such as iron ore, but also by plentiful supplies in Europe.