Steel Producers Lakshmi Mittal

  • BERLIN, June 12- Europe urgently needs to take further measures to offset the impact of import tariffs imposed by U.S. President Donald Trump has imposed on steel imports to the United States. " Across Europe, the steel industry is struggling with cooling demand and growing supply, in part as steel tariffs deflect supplies from the United States, steelmakers say.

  • *First round of output cuts announced on May 6. BRUSSELS, May 29- ArcelorMittal underlined the problems facing the European steel industry when it cut production for the second time this month, blaming weak demand and high imports. The European Commission is currently reviewing its "safeguard" measures to limit incoming steel and prevent a surge of imports as a...

  • *Europe demand contraction seen, Brazil outlook dampened. BRUSSELS, May 9- ArcelorMittal, the world's largest steelmaker, cut its forecast for demand in its main market Europe on Thursday after lower steel prices depressed earnings at the start of the year. Commerzbank analyst Ingo Schachel said the weakness of Europe was visible in ArcelorMittal's numbers...

  • BRUSSELS, May 9- ArcelorMittal, the world's largest steelmaker, cut its demand forecast for its key markets on Thursday and said it was facing the twin challenges of lower steel prices and reduced consumption in Europe. However, the major change was its more bullish view of China, the world's largest steel consumer and producer, but where ArcelorMittal almost has...

  • ArcelorMittal launched plans to raise $3 billion in fresh capital in a bid to reduce debt in the face of weak steel and mining sectors.

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  • *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.

  • Oct 4- Rupert Murdoch conceded defeat this week in his battle with Google and the Internet, an adversary even more powerful than the British government. Coincidentally, News Corp, Murdoch's holding company, announced the departure of its chief digital officer, Jonathan Miller.

  • *ArcelorMittal will look to move workers to new jobs. By Vincent Kessler FLORANGE, France, Oct 1- Steelmaker ArcelorMittal.

  • FLORANGE, France, Oct 1- Workers occupied the site of two idle ArcelorMittal steel furnaces in northeastern France on Monday as management and unions met in Paris to decide the fate of a plant that has become a symbol of the country's industrial decline.

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  • In today’s world of business, daughters are just as likely as sons to be the heir-apparent to the family business. From North America to Europe to Asia, there’s a generation of heir apparents with the skills and experience to run some of the world’s most high-profile firms. All of these women could probably make it without help from ‘Daddy.’ They’re smart and savvy, have earned world-class degrees, and are business leaders in their own right. More important, they have a major stake in the family

    In today’s world, daughters are just as likely as sons to be the heirs-apparent to the family business. Find out who they are.

  • For many dads, the greatest Father's Day gift imaginable is the sight of a son or daughter working beside him in the family business. It offers the same satisfaction as helping a child get a leg up in life, bit it also offers the tempting possibility of the family business surviving after dad retires. This holds true whether the business is a feed store, a bait and tackle shop, or a multinational conglomerate.Click ahead and see the CEO dads whose kids hold executive positions in their companies

    For many dads, the greatest Father's Day gift imaginable is the sight of a son or daughter working beside him in the family business. Here are some CEO dads whose kids hold executive positions in their companies.

  • Lakshmi Mittal (L), the chairman and chief executive officer of the world's largest steel company, ArcelorMittal, with his son Aditya Mittal (R), who is the chief financial officer.

    Aditya Mittal has taken charge of ArcelorMittal’s biggest and most problematic unit in a move seen by analysts as paving the way for him to eventually succeed his father, Lakshmi, as chief executive of the world’s biggest steelmaker. The FT reports.