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ArcelorMittal

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  • Sept 17- Nucor Corp shares rose to a six-year high on Wednesday after the steelmaker said it would report higher-than-expected third-quarter earnings. Nucor said it expected to post a third-quarter profit of 70 cents to 75 cents per share.

  • European shares rise as Fed statement seen less hawkish Wednesday, 17 Sep 2014 | 10:45 AM ET

    *Smiths Group falls after slump in operating profit. LONDON, Sept 17- European equities advanced in cautious trading on Wednesday on expectations that the U.S. Britain's blue-chip FTSE 100 index was down 0.1 percent, against a 0.5 percent gain for the FTSEurofirst 300 index of top European shares to 1,386.31 points by 1405 GMT.

  • Nucor said on Monday it would buy Gallatin Steel, the U.S. joint venture between ArcelorMittal and Gerdau, for $770 million to expand into flat-rolled steel market in the growing pipe and tube business. In the current quarter ending Sept. 30, Nucor also expects to gain from write down of assets and high levels of imports due to downward pressure on pricing.

  • European shares gain on hope of less hawkish Fed Wednesday, 17 Sep 2014 | 7:08 AM ET

    *Smiths Group falls after slump in operating profit. LONDON, Sept 17- European shares rose in cautious trading on Wednesday on expectations that the U.S. Britain's blue-chip FTSE 100 index was up 0.2 percent, against a 0.6 percent gain for the FTSEurofirst 300 index of top European shares to 1,386.66 points by 1035 GMT.

  • European stocks track Wall St gains ahead of Fed Wednesday, 17 Sep 2014 | 4:09 AM ET

    PARIS, Sept 17- European shares rose in early trade on Wednesday, mirroring a rally on Wall Street sparked by a report that shifted investor expectations for the U.S.

  • European shares fall for 3rd day; M&A boosts telecoms Tuesday, 9 Sep 2014 | 12:39 PM ET

    LONDON, Sept 9- European shares slipped for a third straight session on Tuesday, with companies that trade dollar-denominated commodities such as oil taking a hit as investors shortened the odds on an early hike in U.S. interest rates.

  • *Euro STOXX 50 down 0.3 pct, FTSEurofirst 300 flat. The euro zone blue-chip Euro STOXX 50 index fell 0.3 percent to 3,259.47 points. "As the bond markets all gently back up in yield, the equities look round wondering where the prop was that they were resting on," Andy Ash, head of sales at Monument Securities, said.

  • *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.

  • Summer's busiest week for markets is here Friday, 25 Jul 2014 | 6:10 PM ET
    Traders work on the floor of the New York Stock Exchange (NYSE) on Friday.

    A crush of big cap earnings and arguably the most important economic reports until September make next week the busiest of the summer for markets.