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Stocks ArcelorMittal SA

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  • 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.

  • 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...