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ArcelorMittal continues steel price rally, hikes coil offers ...
Sat, 10 Apr 2021 00:00:00 GMT
Major steelmaker ArcelorMittal has increased its coils offers by Eur20/mt, raising hot-rolled coil offers to Eur920/mt and cold-rolled and hot-dipped galvanized offers to Eur1,070/mt across Europe, sources told S&P Global Platts April 7. The increase follows a series of price hikes over recent weeks and bullish sentiment across the European market. Platts daily assessment for HRC EXW Ruhr has increased Eur215/mt since the beginning of the year to an all-time high of Eur880/mt on April

ArcelorMittal Europe, Infosys announce collaboration for digital ...
Thu, 08 Apr 2021 00:00:00 GMT
Infosys will establish a BPM service in ArcelorMittal Europe's Business Centre of Excellence shared services centre.

ArcelorMittal to invest over Eur1 billion to speed up CO2 reduction
Wed, 31 Mar 2021 00:00:00 GMT
Steelmaker ArcelorMittal has announced a long-term project to propel its sites at Bremen and Eisenhttenstadt in Germany towards sustainability, involving capital expenditure of between Eur1 billion and Eur 1.5 billion. With our concept for the transformation of the plants in Bremen and Eisenhttenstadt, we are accelerating the implementation of carbon-neutral steel production, ArcelorMittal Flachstahl

ArcelorMittal specifies costs of DRI conversion in Germany
Wed, 31 Mar 2021 00:00:00 GMT
The conversion of ArcelorMittals German integrated mills in Bremen and Eisenhttenstadt to make direct reduced iron will result in steel production costs that are around 60% higher than they are today. The company is therefore pleading for the necessary political support and access to funding, to make the implementation of our plans happen,Kallanishreads i

Sapan Gupta elevated as global legal head of ArcelorMittal
Tue, 30 Mar 2021 00:00:00 GMT
Gupta joined ArcelorMittal Nippon Steel India (AM/NS India) on April 1, 2020, as general counsel with responsibility for legal affairs, compliance and company secretarial

Arcelormittal Launches Xcarb Innovation Fund
Thu, 25 Mar 2021 00:00:00 GMT
ArcelorMittal launches XCarb innovation fund ArcelorMittal announced that it is launching the XCarb innovation fund, which anticipates investing up to USD 100M annually in companies developing technologies with the potential to support and accelerate...

ArcelorMittal's (MT) Stock Rallies 127% in 6 Months: Here's Why
Mon, 22 Mar 2021 00:00:00 GMT
Forecast-topping earnings performance in Q4 and upbeat outlook for 2021 have contributed to the run-up in ArcelorMittal's (MT)

ArcelorMittal studies DRI production in France
Thu, 18 Mar 2021 00:00:00 GMT
ArcelorMittal is also considering decarbonising its French facilities by using the direct reduced iron route, new chief executive Aditya Mittal during a virtual event on Wednesday. The group said earlier this month it plans to build DRI plants in Germany. With natural gas DRI steelmaking, your carbon footprint is much lower, Mittal commented at

ArcelorMittal names new ceo for Europe
Fri, 12 Mar 2021 00:00:00 GMT
ArcelorMittal has named Geert Van Poelvoorde as chief executive of ArcelorMittal Europe, succeeding Aditya Mittal who became group ceo last month,Kallanishnotes. Van Poelvoorde has been heading the flat steel segment of ArcelorMittal Europe since 2014 and has been president of steelmakers association Eurofer since 2015. Yves Koeberle will take over the role of ceo

Mega steel plant to bring new wave of economic development, create ...
Fri, 05 Mar 2021 00:00:00 GMT
This ArcelorMittal-Nippon mega steel plant in Kendrapada will benefit from massive infrastructure developments in the region over the past six years such as expansion of Paradip port and setting up of Mahanadi riverine port, key freight and passenger rail corridors such as the Paradip-Haridaspur new line, fast-track construction of highways

ArcelorMittal strikes $6.9 billion deal with Odisha govt to set ...
Thu, 04 Mar 2021 00:00:00 GMT
Lakshmi Mittal has been focusing on consolidating operations globally, which include selling its North American operations to Cleveland-Cliffs Inc. and shuttering an unprofitable furnace i

ArcelorMittal's (MT) Q4 Earnings Top Estimates, Revenues Lag
Fri, 12 Feb 2021 13:26:01 GMT
ArcelorMittal's (MT) Q4 sales were hurt by lower steel shipments due to the impacts of the pandemic on steel demand.

Number of ArcelorMittal news reports: 12
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