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ArcelorMittal very confident on Q4 steel market prospects: ...
Sat, 13 Nov 2021 00:00:00 GMT
ArcelorMittal remains very confident about the fourth quarter and constructive on market prospects for 2022 even though the situation in the automotive industry, beset by supply chain difficulties, may improve only from the second half of the year, CFO Genuino Christino told analysts Nov. 11. We had a very strong Q3 and Q4 should also be a strong for us: we expect shipments to be better and realized selling prices in Europe and NAFTA should also improve due to lags, Christino said on a

Vale, Voestalpine, TKS explore steel decarbonization routes
Tue, 02 Nov 2021 00:00:00 GMT
Brazils Vale, Voestalpine, Thyssenkrupp and other steel and mining companies are navigating routes and new markets to decarbonize the steel sector, as renewable power generation and suitable iron ores remain key obstacles for slashing emissions. Companies including ArcelorMittal, BHP, Rio Tinto and Bluescope are broadening a transformative approach to their steel-related business by exploring

Ukraine: AMKR increases wages
Mon, 25 Oct 2021 10:06:32 GMT
From October 1, ArcelorMittal Kriviy Rih is increasing wages by 10%. The decision was taken at the staff conference on October 22. Some employees will see their salary increase by 30%. Moreover, in December the so-called 14th salary will be paid in the amount of 50%. (Ukrainia

Ukraine: AMKR launches BF reconstruction
Fri, 22 Oct 2021 09:47:02 GMT
On October 15, ArcelorMittal Kriviy Rih began reconstruction and repair of its blast furnace No. 9. The repair is expected to last for 45 to 50 days. The work done will help provide for the stable operation of the blast furnace until the modernization is completed in 2023. The cost of the BF9 modernizatio

NMDC cuts iron ore prices, coking coal prices remain elevated
Tue, 05 Oct 2021 00:00:00 GMT
Due to rising iron ore prices, which just softened and skyrocketing coking coal prices, Indian steel mills are witnessing a jump of at least Rs 9,000 - Rs 10,000 a tonne of increase in the cost of production, ArcelorMittal Nippon Steel Indias chief marketing officer Ranjan Dhar told ET.

AM confirms Liberia iron ore expansion to 15 million mt/year ...
Mon, 13 Sep 2021 00:00:00 GMT
ArcelorMittal and the Republic of Liberia have signed an accord that will allow the steelmaker boost its logistics capability and ramp up its iron ore production in the west African country to 15 million mt/year, with a possibility for further expansion up to 30 million mt/year. Liberia and ArcelorMittal have signed an amendment to a Mineral Development Agreement involving a boost in premium iron ore production, new jobs generation and wider economic benefits for Liberia, the company said i

ArcelorMittal's (MT) Stock Up 36% in 6 Months: Here's Why
Mon, 06 Sep 2021 00:00:00 GMT
Forecast-topping Q2 earnings performance and an upbeat steel demand outlook for 2021 have contributed to the run-up in ArcelorMittal's (MT)

ArcelorMittal to expand Magnelis production in Spain
Fri, 27 Aug 2021 00:00:00 GMT
ArcelorMittal is evaluating the upgrade of its galvanizing line No.1 at its Avils plant in Spain,Kallanishlearns from the Asturian Government. The project foresees implementing technology for the manufacture of Magnelis,a unique product with a metallic coating protecting the steel against corrosion. ArcelorMittal already produces it at its galvanizing line No.2 since 2017. ArcelorMittal posted

Rail system helps robots maneuver in steel manufacturer's tight ...
Tue, 24 Aug 2021 14:11:00 GMT
ArcelorMittal chose Kawasaki robotics combined with a Gdel TrackMotion Overhead rail to maneuver heavy payloads in the tight quarters of its West Virginia steel processing

Ukraine: AMKR output up in H1 2021
Fri, 13 Aug 2021 09:50:47 GMT
In January-June, ArcelorMittal Kriviy Rih increased output by 7% YoY. The beginning of the year was complicated because of the growth of prices for cargo transportation and raw materials. Because of the increase in import duties, AMKR has reoriented its sales from Egypt, UAE and Saudi Arabia to Latin America and China. This year,

Metal, steel stocks in focus: Key factors behind surge
Sat, 31 Jul 2021 00:00:00 GMT
Steel and metal stocks were buzzing in trade amid dovish commentary from the Federal Reserve and positive statements from ArcelorMittal. The company raised its 2021 steel consumption forecast to 7.5-8.5 percent from 4.5-5.5 percent, sending out positive signals for the global ferrous space. Traders have been waiting an official announcement on a possible export duty on steel exports that China talked about earlier this week. According to JPMorgan, this will be positive for the Indian steel

ArcelorMittal's (MT) Q2 Earnings Beat Estimates, Sales Lag
Fri, 30 Jul 2021 00:00:00 GMT
ArcelorMittal (MT) benefits from continued demand recovery in Q2. It also raised its outlook for global apparent steel consumption fo

Number of ArcelorMittal news reports: 12
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