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  • NEW YORK— Stocks that moved substantially or traded heavily Monday on the New York Stock Exchange and the Nasdaq Stock Market:. Chevron Corp., up 56 cents to $80.99. ArcelorMittal SA, down 17 cents to $7.88.

  • *ENI rises after gas field discovery off Egypt. LONDON, Aug 31- European shares suffered their worst monthly performance in four years on Monday, as concerns over a Chinese economic slowdown and a possible U.S. interest rate rise hit the region's stock markets. Germany's DAX fell 0.4 percent and also posted its worst monthly performance since August 2011.

  • Shares in the South African division of ArcelorMittal slumped 23 percent in Johannesburg to a 13- year low of 9.01 rand after the news. ArcelorMittal said in a statement that trading conditions had continued to worsen since it started reviewing its long steel business in July, adding that higher South African import duties would only bring relief over the...

  • *UK stock market closed for holiday. LONDON, Aug 31- European shares fell on Monday, with Germany's DAX and France's CAC on track for their weakest month for four years, hit by sliding Chinese stocks and prospects of a near-term U.S. interest rate increase. The euro zone's blue-chip Euro STOXX 50 index fell 1 percent going into the close of the trading session, while...

  • ArcelorMittal said in a statement that trading conditions have continued to worsen since it started reviewing its long steel business in July, adding that the higher import duty will only bring relief over the medium to long term. ArcelorMittal said it had started discussions with unions about the closure of two mills, cutting as many as 400 jobs, at its plant in...

  • 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.