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  • Steelworkers plan to form a "practice picket line" on Tuesday at ArcelorMittal Minorca in Virginia, Minnesota. "People are a bit anxious now because it's coming down to the wire," said Harold Anderson, an ArcelorMittal electrician who has worked in the 310- employee Minorca taconite plant in Virginia for nearly eight years. Steel and ArcelorMittal— the world's...

  • JOHANNESBURG, Aug 19- ArcelorMittal South Africa is willing to cap its profit margin if the government imposes duties of up to 10 percent on imported steel, Chief Executive Paul O'Flaherty told Reuters on Wednesday. Cheap imports from China are hurting South Africa's steelmakers with Evraz Highveld Steel and Vanadium in business rescue proceedings and...

  • *Early evidence of China steel firms jumping on devaluation. LONDON/ FRANKFURT/ VIENNA, Aug 13- Increasingly unfair competition from cheap Chinese exports is a concern for European steel companies, Europe's steel industry body Eurofer said on Thursday, after Chinese steel producers cut export prices. Chinese steel makers cut prices in response to Beijing's...

  • BRUSSELS, July 31- China's steel demand will shrink this year and lead to a flood of exports, ArcelorMittal said on Friday, highlighting the growth problems facing the world's top consumer and producer of the construction material. In dollar terms, ArcelorMittal only sells 1 percent of its steel to China compared to 46 percent to Europe, including Russia and...

  • *ArcelorMittal has limited China exposure. BRUSSELS, July 31- ArcelorMittal, the world's largest steelmaker, said it would do better in the second half of the year than the first and kept its 2015 profit targets, despite cutting its global forecast for steel demand. ArcelorMittal, which produces 6 to 7 percent of the world's steel, repeated its 2015 for core profit...

  • NEW DELHI/ BHUBANESWAR, India, July 16- South Korean steelmaker POSCO could scrap plans for a $12 billion project it agreed to set up in India a decade ago, after a new law made it costlier to source iron ore for the plant, a company spokesman told Reuters. The U.S.-listed shares of POSCO fell as much as 3.3 percent to their lowest in more than six and a half years after the...

  • JOHANNESBURG, July 12- Africa's largest steel maker, ArcelorMittal South Africa, has asked the government to impose a 10 percent import duty on steel and in return it may offer shares to black empowerment partners, a newspaper reported on Sunday. "Rome is burning, every single day the industry loses millions and it is really, really concerning," Paul O'Flaherty, the...

  • ArcelorMittal Mexico unit to slash 2,800 jobs Wednesday, 1 Jul 2015 | 8:41 PM ET

    MONTERREY, July 1- ArcelorMittal, the world's largest producer of steel, will cut 2,800 jobs at its Mexico unit as global prices slump, it said in a joint statement with local competitors on Wednesday, while accusing Russia, China and Turkey of dumping steel on markets at levels below production costs. Altos Hornos de Mexico, DeAcero and ArcelorMittal warned in the...

  • CONCEIÇÃO DO MATO DENTRO, Brazil, June 1- A giant truck carries chunks of sparkling mountainside to a web of yellow conveyor belts at a huge mine in eastern Brazil, a few more hundred tonnes of iron ore that are good for its owner Anglo American but bad for a battered global market. "We'll be competitive wherever the price is," Paulo Castellari, the iron ore head for...

  • Europe ends lower after weak US data, euro strength Friday, 15 May 2015 | 11:30 AM ET

    European equities finished lower, having fluctuated for much of the session on Friday, following weak US data and strength in the euro.

  • Steel producers help Europe stocks end higher Thursday, 14 May 2015 | 12:53 PM ET
    Pedestrians carry shopping bags in San Francisco.

    European equities ended higher as new regulation from the European Commission helped the continent's steel producers post strong gains.

  • *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...

  • What matters to markets this week Monday, 4 May 2015 | 6:00 AM ET
    Traders work on the floor of the New York Stock Exchange (NYSE)

    Influences from abroad may first drive stocks, bonds and the dollar.

  • Jobs report is big but watch out for Europe Friday, 1 May 2015 | 7:21 PM ET
    Traders work on the floor of the New York Stock Exchange (NYSE)

    Influences from abroad may first drive stocks, bonds and the dollar.

  • 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.

  • 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.

  • 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.