Stocks ArcelorMittal SA

More

  • Europe ends mixed; earnings in focus ahead of ECB Wednesday, 21 Oct 2015 | 11:30 AM ET
    European Central Bank President Mario Draghi.

    European equities ended trade mixed on Wednesday as investors digested mixed earnings, ahead of an ECB meeting on Thursday.

  • Europe ends higher, boosted by dovish central banks Friday, 9 Oct 2015 | 11:32 AM ET

    European stocks finished higher on Friday, after global stocks and oil prices rose following dovish minutes from the U.S. Federal Reserve, easing investor interest rate fears.

  • Britain's second-largest steelmaker SSI UK went into liquidation last week, citing a slump in steel prices and record exports from China, which produces half the world's steel. Similar troubles are circling South Africa's second-largest steelmaker Evraz Highveld Steel and Vanadium, which is undergoing so-called business rescue proceedings, while Tata...

  • Europe closes sharply higher; Glencore jumps 17% Monday, 5 Oct 2015 | 11:30 AM ET
    An investor observes stock market at a stock exchagne hall on September 22, 2015 in Nanjing, China.

    European stocks accelerated gains into the close on Monday after a weak U.S. employment report dampened expectations that the U.S. Federal Reserve will start raising interest rates soon.

  • *Glencore, Arcelor lift mining sector; VW hits 5- yr low. *France outperforms as economic data beat expectations. MILAN, Oct 5- European shares rose on Monday as weak data in Europe and elsewhere reinforced expectations the broad monetary policy backdrop will remain equity-friendly, with Glencore and ArcelorMittal lifting the mining sector.

  • *Glencore rallies, Arcelor rises on Citi upgrade. LONDON/ MILAN, Oct 5- European shares rose sharply on Monday, with the French market outperforming after stronger-than-expected economic data, while Glencore and ArcelorMittal pushed up mining stocks and Volkswagen continued its slide. The economic data in France was today's surprise, "said Andrea Cuturi, chief...

  • *Paris outperforms after French PMI data. *Glencore rallies, Arcelor rises on Citi upgrade. LONDON, Oct 5- European shares rose on Monday, with Glencore and ArcelorMittal pushing up mining stocks and French economic data lifting the Paris stock market.

  • TOKYO, Sept 30- Japan's Nippon Steel& Sumitomo Metal Corp, which plans to spend 300 billion yen on overseas expansion by March 2018, may set aside a bigger amount in the following years to propel growth abroad, its president, Kosei Shindo, said. Two years ago, Nippon Steel and ArcelorMittal spent $1.55 billion to buy ThyssenKrupp AG's U.S. factory, a deal that analysts...

  • *Poland, Britain have shown support. LUXEMBOURG, Sept 23- Creating European hubs to capture and store carbon dioxide would be the cheapest route to low-carbon energy and the only way for some industries to cut their emissions, industry and government officials say. Carbon capture and storage technology has failed so far in Europe to draw enough investment.

  • Execs from Goldman Sachs, scrap recycler Sims on board. The newcomers include Goldman Sachs' Philip Killicoat and William Schmiedel from Sims Group, the world's largest listed scrap metals recycler. Also joining are Spencer Johnson from broker INTL FCStone and Gianpiero Repole from Liberty Commodities, a trade house.

  • CONAKRY, Sept 14- Posters on the streets of Guinea's capital Conakry carry the beaming image of President Alpha Conde and a simple message about who will succeed him after next month's election: "After him, it's him again." The West African country has known only four rulers since independence from France in 1958 and analysts suggest there is little chance of a...

  • *Some foreign steelmakers planning return to Iran. MANILA/ LONDON, Sept 8- Any global steelmakers hoping a potential end to sanctions on Iran will fully revive what was once a multi-billion dollar import market for their product will be disappointed as Tehran is boosting local output and expects its own exports to grow. South Korea's POSCO and a company owned by...

  • *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...

  • 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...

  • Europe ends mostly higher on last trading day in July Friday, 31 Jul 2015 | 11:34 AM ET

    European equities closed higher on Friday after a choppy end to trading in July, as investors eyed key earnings and data from the U.S., and slipping commodity prices.

  • ArcelorMittal keeps forecast despite weak outlook Friday, 31 Jul 2015 | 1:44 AM ET

    The world's largest producer of steel retained its 2015 profit outlook, but cut its forecast for global steel consumption this year.