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Steelmakers set to hike prices in Brazil, BTG says
Sat, 17 Oct 2020 00:00:00 GMT
Steelmakers Usiminas, CSN and ArcelorMittal SA are planning to hike prices of steel for November delivery in Brazil, analysts at investment bank BTG Pactual wrote in a note to clients. Our channel checks have confirmed that CSN, Usiminas and ArcelorMittal are announcing another flat steel price hike for the distribution chain, analysts Leonardo Correa and Caio Greiner wrote in the note. The industry is announcing a 10-12% price hike for November, which places the accumulated steel price

Brazilian Steelmakers Plan 10-12% Steel Hike Prices
Thu, 15 Oct 2020 22:36:00 GMT
Reuters - reported that according to investment bank BTG Pactual, major Braizilian steelmakers Usiminas, CSN and ArcelorMittal are planning to hike prices of steel for N

ArcelorMittal South Africa to restart furnace on higher steel ...
Wed, 30 Sep 2020 00:00:00 GMT
Steel producer ArcelorMittal South Africa ACLJ.J said on Tuesday it would restart the second blast furnace at its Vanderbijlpark operations in January due to higher steel demand. Africas biggest steel producer, which is majority-owned by Luxembourg-based ArcelorMittal SA MT.LU, said steel demand had increased quicker than expected due to lockdown-affected construction projects now being completed, increased sales at retail outlets and running at lower stock levels prior to the nationwide

Cleveland-Cliffs to expand US iron ore pellet supplies with ArcelorMittal ...
Tue, 29 Sep 2020 00:00:00 GMT
US steel and mining group Cleveland-Cliffs plans to increasingly dominate US supply of iron ore pellets and become the largest US integrated steel producer, after agreeing to acquire ArcelorMittal USA in a deal due to close before year-end. The new merged group would have 28 million long tons/year of iron ore pellet capacity, up from Cliffs 20 million lt, through assuming operating interests held by ArcelorMittal at the Hibbing Taconite and Minorca operations, both in Minnesota, Cliffs said

Cleveland-Cliffs to Acquire ArcelorMittal USA
Tue, 29 Sep 2020 00:00:00 GMT
Cleveland-Cliffs Inc. entered into a definitive agreement with ArcelorMittal S.A. pursuant to which Cleveland-Cliffs will acquire substantially all of the operations of ArcelorMittal USA LLC and its subsidiaries for approximately $1.4 billion. Upon closure of the transaction, Cleveland-Cliffs will be the largest flat-rolled steel producer in North America, with combined shipments of approximately 17 million net tons in 2019. The company will also be the largest iron-ore pellet producer in Nor...

Coatesville, Conshohocken steel plants change hands as a brash ...
Mon, 28 Sep 2020 13:40:51 GMT
Cliffs Inc. has agreed to pay $1.4 billion in stock and cash for ArcelorMittal USAs 19 steel and iron-mining facilities, including plants in Conshohocken and Coatesville, in a deal that puts much of

Cleveland-Cliffs to buy ArcelorMittal USA for $1.4 billion
Mon, 28 Sep 2020 00:00:00 GMT
US iron ore and steel producer Cleveland-Cliffs has inked a $1.4 billion deal to acquire the bulk of ArcelorMittal USAs assets,Kallanishreports. After the deal closes in the fourth quarter, Cleveland-Cliffs will be the largest North American steel producer with a 17 million short tons/year capacity, based on 2019 figures. It will also be the

Italian government fast tracks Ilva private-public partnership
Fri, 25 Sep 2020 00:00:00 GMT
A clearer definition of the new public-private partnership for troubled steelmaker ArcelorMittal Italia may be announced as early as October, Italian economic development minister Stefano Patuanelli has told unions. This comes as negotiations with ArcelorMittal are xxx from union representatives. Workers at the Taranto site have implemented a series of strikes to protest ove

ArcelorMittal, Dastur set to research on solution for carbon ...
Sun, 13 Sep 2020 00:00:00 GMT
The steelmaker is set to receive the US Department of Energy (DOE)'s funding for the same, ArcelorMittal announced in a social media

ArcelorMittal to Build EAF Facility, Create Jobs in Alabama
Tue, 01 Sep 2020 00:00:00 GMT
ArcelorMittal announced its intention to build an electric-arc furnace (EAF) steelmaking facility at AM/NS Calvert in Alabama. Once completed, the planned facility will be capable of producing 1.5 million tons of steel slabs annually for the hot-strip mill. It will also produce a broad spectrum of steel grades required for Calverts end-user markets. Construction is expected to take 24 months, and the new facility is anticipated to create 300 new jobs.

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