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ArcelorMittal

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  • *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.

  • RIO DE JANEIRO, July 8- The world's largest steelmaker ArcelorMittal expects Brazil's industrial production to improve in the second half of the year as the country gets back to work after the World Cup, giving a welcome boost to Brazil's flat steel producers.

  • MONROVIA, July 4- Liberia's security forces fired shots in the air to break up a protest at an ArcelorMittal SA iron ore plant northeast of the capital on Friday, authorities and witnesses said. One demonstrator, who declined to be named, said ArcelorMittal had not fulfilled the terms of its concession agreement with the Liberian governmenOt.

  • This sector could offer ‘deep value’ Wednesday, 2 Jul 2014 | 10:08 AM ET
    Two employees tie up steel bars at a steel-making plant in Ganyu, China.

    Valuations in the steel industry are attractive that the sector is now in "deep value territory", according to Citi bank analysts.

  • RPT-After 125 years, Alcoa looks beyond aluminum Friday, 27 Jun 2014 | 7:01 AM ET

    June 26- Alcoa Inc, the company that helped create the aluminum industry more than a century ago, is reinventing itself as a manufacturer of specialized components for aerospace and automotive customers, including some that contain no aluminum at all.

  • After 125 years, Alcoa looks beyond aluminum Thursday, 26 Jun 2014 | 6:39 PM ET

    June 26- Alcoa Inc, the company that helped create the aluminum industry more than a century ago, is reinventing itself as a manufacturer of specialized components for aerospace and automotive customers, including some that contain no aluminum at all.

  • European shares hit 3-week low on Iraq concerns Wednesday, 25 Jun 2014 | 4:13 AM ET

    *GDF-Suez sags as France sells stake at bottom of range. PARIS, June 25- European shares dropped on Wednesday, mirroring a pull-back on Wall Street and in Asia as mounting worries over violence in Iraq prompted investors to book profits after a strong run.

  • NEW YORK, June 17- The Italian government has asked ArcelorMittal SA to consider investing in or buying troubled Italian steel producer Ilva, the chief executive officer of the world's largest steelmaker said on Tuesday.

  • Loudi, CHINA, June 15- ArcelorMittal, the world's top steelmaker, said on Sunday it would use its Chinese joint venture to tap into the country's fast-growing car market, helping offset slackening steel demand on the back of a slowing economy.

  • EU steelmakers restart blast furnaces, constrain recovery Wednesday, 11 Jun 2014 | 10:44 AM ET

    Still, prices of the alloy are not far off their lowest level in four years, constrained primarily by a 30 percent price decline in raw materials such as iron ore, but also by plentiful supplies in Europe.

  • SAO PAULO, May 22- Afranio Sobrinho has one of the most unpopular jobs in Brazil. Sao Paulo's main reservoir fell last week to an all-time low of 7.8 percent of capacity, raising the specter of a water shortage in a country with the world's largest fresh-water reserves.

  • LONDON, May 21- Global crude steel output rose at its second-fastest level this year in April, responding to an uptick in demand in Europe and the Middle East, though higher output in China added to oversupply and kept prices depressed.

  • SEOUL, May 19- South Korean steelmaker POSCO said on Monday it may consider selling a stake in its profitable trading and resources arm Daewoo International Corp as part of a restructuring plan aimed at shoring up its finances.

  • NEW DELHI/ MUMBAI, May 14- Tata Steel Ltd said a phase of solid economic growth in Europe was supporting a recovery in steel demand in its main market, which also helped the company post results that easily beat analysts' estimates in the March quarter. Tata Steel got a foothold in Europe through its $13 billion acquisition of Britain's Corus in 2007..

  • Early movers: AAPL, CBS, OMC, PUB & more Friday, 9 May 2014 | 7:54 AM ET
    Traders on the floor of the New York Stock Exchange.

    Some of the names on the move ahead of the open.

  • *New Japanese processing plants coming up in China, Indonesia. Executives at steelmakers such as Nippon Steel& Sumitomo Metal Corp and JFE Holdings are faced with little choice but to accelerate their push abroad as the effects of the stimulus led by Prime Minister Shinzo Abe wane and spending on autos falls after a sales tax hike from April.

  • BRUSSELS, May 9- ArcelorMittal, the world's largest steelmaker, trimmed its forecast for global steel use on Friday due to a more pronounced slowdown in China and a decline in Russia, though it retained optimism about its core European and U.S. markets.

  • ArcelorMittal trims outlook on China, Russia Friday, 9 May 2014 | 1:47 AM ET

    ArcelorMittal trimmed its forecast for global steel consumption on Friday, due to a slowdown in China and a decline in Russia.