Company News - ArcelorMittal [more headlines]


Overseas Investment in Steel Sector - Press ...
Mon, 14 May 2012 03:33:00 +0100
The details are given below: Acquisition of 14.99 per cent stake in JSW Steel Ltd. by JFE Holdings of Japan. Acquisition of 29 per cent stake in Uttam Galva Steels Ltd. by Arcelor-Mittal. The Minister said, in order to monitor and coordinate ...


Mixed Bag from ArcelorMittal - Analyst Blog ...
Fri, 11 May 2012 13:00:50 +0100
Steel giant ArcelorMittal ( MT ... EBITDA was $35 million, down 72.4% year over year. Mining: Iron ore production increased 12.1% year over year to 1,271 million tonnes in the reported quarter due to higher production from Liberia.


Press Digest - Financial Times - May 11
Fri, 11 May 2012 01:51:07 +0100
Financial Times MITTAL URGES 'BUY EUROPEAN' PROGRAMME Lakshmi Mittal has called on European political leaders toback a "buy European" industrial programme as part of an effortto boost the continent's ...


Mittal sets aside more than R20m to explore ...
Thu, 10 May 2012 13:00:00 +0100
JSE-listed steel producer ArcelorMittal South Africa (Mittal) has confirmed the acquisition of nearly 20% of an iron-ore exploration project in the Northern Cape province.CE Nonkululeko Nyembezi-Heita reported on Thursday that early stage exploration activities, which would be fully funded by the steel company, started in February and were expected to extend into early 2013.


ArcelorMittal Profit Falls 24%, Exceeds Estimates
Thu, 10 May 2012 09:49:12 +0100
ArcelorMittal (MT) , the worlds biggest steelmaker, posted first-quarter profit that beat estimates after a recovery in North America offset declining revenue from mining and weaker European demand.


Mittal sounds cautiously optimistic note - Financial ...
Thu, 10 May 2012 09:29:21 +0100
ArcelorMittal provided a cautiously upbeat view of prospects in the hard-hit steel industry, after announcing a big fall in net profit in the first quarter as a result of tepid prices and weak demand in Europe. Lakshmi Mittal, chairman, chief executive and ...


Arcelormittal hit by lower pricing; reaffirms ...
Thu, 10 May 2012 07:06:11 +0100
LONDON (MarketWatch) -- Steel titan ArcelorMittal (NYSE:MT) Thursday reported lower first-quarter earnings due in part to lower prices in some of its key markets, but it reaffirmed its earnings guidance for the first half of the year ...


ArcelorMittal South Africa Warns Second Quarter ...
Thu, 10 May 2012 06:23:14 +0100
ArcelorMittal South Africa Ltd. (ACL.JO) Thursday reported a rise in net profit for the first quarter of the year, but warned the second quarter will be lower due to weak domestic steel demand and lower prices forecast for its products. Earnings for the ...


ArcelorMittal: 2012 Global Apparent Steel Demand ...
Thu, 10 May 2012 05:09:00 +0100
LONDON Steel titan ArcelorMittal (MT) Thursday reaffirmed its expectations for global apparent steel demand to rise 4%-4.5% in 2012 as many regions, with the exception of the European Union, post higher demand growth. China, the world's largest steel ...


Global mining giants invest in Canada's ...
Wed, 09 May 2012 21:35:00 +0100
The Fermont site, at the ArcelorMittal mining complex is seen in March 2012. In Fermont, the flourishing iron ore excavation industry is driving the local economy.


Our View: Earnings Scorecard: US Steel - The ...
Wed, 09 May 2012 05:15:00 +0100
US Steel competes with ArcelorMittal (MT - Analyst Report) and POSCO (PKX - Analyst Report). Currently, we have a long-term (more than 6 months) Neutral recommendation on the stock. The company currently holds a Zacks #3 Rank, reflecting a short-term ...


ArcelorMittal sees India plans stalled for years ...
Wed, 09 May 2012 03:18:00 +0100
Luxembourg: ArcelorMittal's planned steel plant investments in India are likely to be stalled for years, the company's chief executive said on Tuesday. We continue to experience difficulties in India. My belief is that the Indian projects may not see ...