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ArcelorMittal SA

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  • Lakshmi Mittal

    ArcelorMittal, the world's biggest steelmaker, will sell a $1.1 billion stake in a Canadian iron ore mine operator to a consortium that includes South Korean steelmaker POSCO and Taiwan-listed China Steel Corp, China Steel said in a statement.

  • France May Water Down 75% Tax Rate After Setback Monday, 31 Dec 2012 | 12:02 PM ET

    An embarrassing derailment of France's 75 percent millionaires' tax may open an opportunity to water down a scheme that had damaged the country's image with international investors.

  • Midday Movers: YUM, BIG & More Friday, 21 Dec 2012 | 12:58 PM ET

    Take a look at some of Friday's midday movers:

  • European Shares Close Lower; Banks Weak Friday, 21 Dec 2012 | 11:34 AM ET

    European shares closed lower on Friday as U.S. politicians continued to wrangle over averting the "fiscal cliff" — a series of tax increases and spending cuts that are set to kick in at the start of next year and could threaten the U.S. economy.

  • France Doing What Obama Does: Minister  Friday, 30 Nov 2012 | 5:30 AM ET

    France's industry minister, Arnaud Montebourg, has defended proposals to nationalise two of ArcelorMittal's steel plants.

  • Hollande’s Nationalization Threat to Mittal Wednesday, 28 Nov 2012 | 2:20 AM ET
    French President Francois Hollande.

    François Hollande demanded on Tuesday that Lakshmi Mittal, the steel magnate, guarantee the long-term future of workers at a disputed plant in northern France or face the threat of a state takeover of the operations.

  • Why Does France Hate Lakshmi Mittal?  Tuesday, 27 Nov 2012 | 1:30 AM ET

    Plans by Arcelor Mittal to close two furnaces in North Eastern France have led to a bitter dispute, with one minister claiming the steel magnate is no longer welcome in France.

  • BRUSSELS, Nov 6- Agency Moody's cut its rating for the debt of ArcelorMittal to junk with a negative outlook on Tuesday, reflecting a collapse in world steel markets it said would get worse before they got better.

  • BRUSSELS, Nov 6- Ratings agency Moody's cut ArcelorMittal's long-term debt to junk status, saying the steelmaker's debt-cutting efforts had been modest and its market would likely get worse before it got better. Moody's downgraded the world's largest steelmaker's senior unsecured notes to Baa3 from Ba1 on Tuesday and maintained a negative outlook.

  • *Proposes dividend of $0.20 from 2013, vs $0.75 in 2012. BRUSSELS, Oct 31- ArcelorMittal, the world's largest steelmaker, plans to slash its dividend and focus on cutting debt after slowing demand from China and sluggish European markets drove it to a third-quarter loss.

  • 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.