The European Commission unveiled an array of measures and recommendations on Tuesday to revive Europe's steel industry, hurt by tumbling demand and plant closures.» Read More
*Steel mill in question now belongs to ArcelorMittal. KIEV, June 6- A Ukrainian court has renewed proceedings in a long-frozen trial in which two local businessmen are challenging the nationalisation of a large steel mill which has since been sold to ArcelorMittal, court files show.
PARIS, June 6- While French President Francois Hollande is at pains to repair his fraught relations with business, his industry minister has other ideas- or so many entrepreneurs and even some government colleagues believe.
PORT TALBOT/ NEW DELHI, June 6- In the shadow of Britain's largest steel works, the town of Port Talbot braces itself after Tata Steel's $1.6 billion writedown. "It's just the kind of a business you don't want to be in, especially their UK assets, they are higher costs," said Willem Schramade, materials equity analyst for the 7 billion euros Global Equity fund at Robeco. "
*Liberia looks to Guinea on iron ore cooperation. *Export through Liberia cheaper for Guinea's Simandou. LONDON, June 4- West African neighbours Guinea, Sierra Leone and Liberia should work together to resolve a dire lack of rail, port and power infrastructure that has held back the region's mining ambitions, a senior Liberian government official said.
*Rio has 5-6 name shortlist for Iron Ore of Canada stake. SYDNEY/ LONDON, June 3- Mining group Rio Tinto Plc has drawn up a shortlist of half a dozen suitors for its majority stake in Canada's largest iron ore producer, sources with knowledge of the situation said on Monday.
FRANKFURT, May 15- German steelmaker ThyssenKrupp took another writedown on the value its Steel Americas business, driving it to an unexpected quarterly loss but raising hopes it is closer to selling the troubled asset. At 0820 GMT, ThyssenKrupp shares were up 4 percent at 15.715 euros, among the biggest rises by a European blue-chip stock.
Check out which companies are making headlines before the bell Friday:
BRUSSELS, May 10- ArcelorMittal, the world's largest steelmaker, defied fears of a profit warning on Friday and kept its earnings forecast for this year, helped by deep cost cutting in Europe. The $500- billion- a-year steel industry, a gauge of the global economy, has been hit hard by a drop in demand from austerity-ravaged Europe and signs of slowing growth in China.
*ArcelorMittal, BT, Generali results beat expectations. LONDON, May 10- European equities scaled fresh five-year highs on Friday, bolstered by strong earnings numbers from steelmaker ArcelorMittal and telecoms group BT and expectations of continued central bank stimulus.
*India's federal gov't to decide on POSCO iron ore mining licence- court. *POSCO says order will help to expedite project.
Paul Renken, senior geologist and mining analyst at VSA Capital, questions ArcelorMittal's steel prices outlook, and discusses what it could do to reach its higher profit guidance for 2013.
*ArcelorMittal, BT, Generali results beat expectations. LONDON, May 10- European equities punched fresh five-year highs on Friday, continuing to draw support from central bank stimulus, and with steelmaker ArcelorMittal and telecoms group BT jumping on strong earnings.
*India's federal gov't to decide on POSCO iron ore mining licence- court. NEW DELHI, May 10- POSCO's planned $12 billion project in India got a boost on Friday after a top court said the federal government will decide on giving the South Korean steelmaker's long-delayed plant preferential access to iron ore.
LONDON, May 10- European equities edged up to fresh five year highs on Friday, continuing to draw comfort from central bank stimulus and with steelmaker ArcelorMittal jumping on strong earnings. "It's up, up and away," said Justin Haque, a broker at Hobart Capital markets.
At 0603 GMT, futures for Euro STOXX 50, for UK's FTSE 100, for Germany's DAX and for France's CAC were up 0.02-0.18 percent.
NEW DELHI, May 10- India's federal government will decide if South Korean steelmaker POSCO can have preferential access to an iron ore mine for its planned $12 billion steel plant, a top court said, providing a boost to the troubled project billed as the country's largest foreign direct investment.
*Buy calls for further upside- Louis Capital's Troin-Lajous. Italy's Banca Popolare di Milano was among Europe's top losers, sliding 8.3 percent on concerns that a plan to transform the cooperative bank into a joint-stock company could be delayed, or even dropped.
*Cap hike of $750 mln for Brazil plant considered- source. FRANKFURT, Germany, May 3- Germany's ThyssenKrupp is considering keeping a stake in Brazilian steel mill CSA, which would force it to inject more money into the business, a person familiar with the matter said. "One of the options that has emerged is that ThyssenKrupp would sell a one-third stake to CSN.
PARIS, April 30- Companies that shut down viable industrial sites in France rather than selling them could be fined if draft legislation by lawmakers from the ruling Socialist party becomes law.
*France drops to 9th in European deal rankings from 2nd. PARIS/ LONDON, April 29- A collapse of private equity investment this year seems increasingly emblematic of France's deep-seated economic problems and how hard it may prove to change a vicious cycle of poor growth and weakened companies. "One country where there seems to be consensus is France.