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ArcelorMittal SA

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  • BRUSSELS, Oct 31- ArcelorMittal, the world's largest steelmaker, said it would slash its dividend and focus on cutting debt after slowing demand from China and sluggish European markets drove it to a third-quarter loss.

  • European stock index futures signal mixed open Wednesday, 31 Oct 2012 | 7:02 AM ET

    PARIS, Oct 31- European stock index futures signalled a mixed open on Wednesday as disappointing earnings from ArcelorMittal and Anheuser-Busch InBev rekindled worries over the outlook for corporate profits.

  • Europe's bourses rally as profits impress Wednesday, 31 Oct 2012 | 12:01 AM ET

    Lufthansa delivered significantly better than expected profits in the third quarter and pleased the market with a pledge from Germany's flagship carrier to continue to cut costs in order to maintain profit margins.

  • ANGUL, India, Oct 29- A few hundred metres from the high walls and barbed wire guarding billionaire Naveen Jindal's upcoming steel plant, a dozen men have gathered at a tea stall.

  • PRAGUE, Oct 12- Russian steelmaker Evraz has temporarily shut its Czech steel production line due to low demand and the company's effort to run down its raw materials inventory, a spokesman said on Friday. The Vitkovice steel mill is a key customer of the Czech unit of ArcelorMittal which supplies it with raw materials.

  • TEXT-S&P summary: Hyundai Steel Co. Thursday, 11 Oct 2012 | 2:49 AM ET

    Oct 11-=============================================================================== Summary analysis-- Hyundai Steel Co.----------------------------- 11- Oct-2012=============================================================================== CREDIT RATING: BBB-/Stable/-- Country: Korea, Republic Of Primary SIC: Steel foundries, nec Mult. CUSIP6: 44919 Q=============================================================================== Credit Rating History: Local currency Foreign currency 14- Nov-2010 BBB-/-- BBB-/--=============================================================================== Rationale.

  • NEW DELHI, Oct 10- Tata Steel's Europe unit will receive the first iron ore shipment from its Benga project in Mozambique by end-October, a top official said, a first step towards addressing the cost volatility affecting its European operations.

  • Europe Factors to Watch-Shares set to dip; EADS, BAE eyed Wednesday, 10 Oct 2012 | 2:38 AM ET

    PARIS, Oct 10- European stocks are set to fall on Wednesday, losing ground for the third straight session on mounting worries over corporate results as the earnings season gets under way. ,for Germany's DAX and for France's CAC were down 0.1-0.4 percent. Late on Tuesday, U.S. aluminium major Alcoa.

  • By Agnieszka Flak and Wendell Roelf. JOHANNESBURG, Oct 9- Some of South Africa's striking truckers have agreed to return to work on Wednesday, easing pressure on Africa's biggest economy where two weeks of labour unrest in the transport sector have hit supplies of fuel, cash and consumer goods.

  • UPDATE 3-Some South African truckers suspend strike Tuesday, 9 Oct 2012 | 3:12 PM ET

    By Agnieszka Flak and Wendell Roelf. JOHANNESBURG, Oct 9- Some of South Africa's striking truckers have agreed to return to work on Wednesday, easing pressure on Africa's biggest economy where two weeks of labour unrest in the transport sector have hit supplies of fuel, cash and consumer goods.

  • By Agnieszka Flak and Wendell Roelf. JOHANNESBURG, Oct 9- About a third of striking South African truckers have agreed to return to work on Wednesday, easing pressure on Africa's biggest economy where two weeks of labour unrest in the transport sector have hit supplies of fuel, cash and consumer goods.

  • *S&P Capital IQ cuts Arcelormittal target price to 9 euros from 11. For a summary of rating actions and price target changes on European companies:. Reuters Station users, click. 1580.

  • Kumba Sishen unit declares force majeure in S.Africa Monday, 8 Oct 2012 | 11:30 AM ET

    JOHANNESBURG, Oct 8- Sishen Iron Ore, a unit of Kumba Iron Ore, has declared force majeure on its deliveries in South Africa following illegal strike action, ArcelorMittal South Africa said on Monday.

  • *Moody's has changed to negative from stable the outlook for China Oriental Group Company Limited's Ba2 corporate family and senior unsecured ratings.

  • *Citigroup cuts Arcelormittal to neutral from buy; price target to. 11.30 euros from 17 euros. Reuters Station users, click. 1580.

  • Oct 05- Fitch Ratings has revised China Oriental Group Company Limited's Outlook to Negative from Stable, following worse-than-expected deterioration in the company's operating environment. China Oriental's Long-Term Issuer Default Rating and senior unsecured rating have been affirmed at' BB+'.

  • PARIS, Oct 5- French automaker Renault plans to build more than 70 percent of its Clio subcompacts in Turkey, union sources said, in a shift abroad that could inflame tensions with workers and the government, its biggest shareholder.

  • Oct 05- Fitch Ratings has revised China Oriental Group Company Limited's Outlook to Negative from Stable, following worse-than-expected deterioration in the company's operating environment. China Oriental's Long-Term Issuer Default Rating has been affirmed at' BB+'.

  • PARIS, Oct 3- A quest by President Francois Hollande to show he can halt industrial closures by rescuing two mothballed blast furnaces in northeast France risks backfiring, with industry experts doubting any buyer will come forward. With joblessness at over 10 percent and his ratings in free-fall, Hollande persuaded steel giant ArcelorMittal.

  • *ArcelorMittal says will look to move workers to new jobs. FLORANGE, France, Oct 1- ArcelorMittal told unions it will permanently close two mothballed furnaces in northeastern France, enraging workers who blocked access to the steel plant and management offices at the site on Monday.