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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

ArcelorMittal buys Spanish tubemaker Condesa Tubos
Fri, 30 Jul 2021 00:00:00 GMT
ArcelorMittal says ithas signed a binding agreement with Condesa Tubos for the acquisition of the 67% shareholding it does not own in the Spanish welded xxx from the steelmaking giant. ArcelorMittal has hada 33%participation in the companysince February 2016, as a result of its restructuring within the framework of the so-called Phoenix Project. The

Ukraine: EMSS produces slag car for AMT
Wed, 28 Jul 2021 09:49:04 GMT
Energomashspetsstal has produced and is preparing to deliver a slag car to ArcelorMittal Temirtau, Kazakhstan. The weight of the car is 50 tons. The slag car is used to transport liquid melted slag in the ladle with the volume of 16 cubic meters. According to the contract, EMSS will produce 5 such slag cars

China Unrivaled in Crude Steel Production
Tue, 06 Jul 2021 00:00:00 GMT
The World Steel Association recently announced that China Baowu Steel Group beat ArcelorMittal and became the worlds largest steel company last year, with a crude steel production volume of 115.29 million tons. The state-run Chinese company has acquired multiple Chinese steel companies for years. ArcelorMittal fell to the second place with 78.46 million tons. Last year, its crude steel production dropped from 97.31 million tons due to production setbacks attributable to COVID-19.

European HDG demand softens as buyers assess pricing viability
Thu, 03 Jun 2021 00:00:00 GMT
European hot-dipped galvanized prices were heard higher in the week ending June 2 as steel mills looked to adapt their pricing strategies to reflect those of market-leading mill ArcelorMittal, having raised HDG and CRC offer prices by Eur20/mt to Eur1,320/mt delivered across Europe May 28. The chronic shortage of semiconductors seen over the last

ArcelorMittal among bidders for Liberty Steel's French plants
Tue, 01 Jun 2021 07:00:00 GMT
ArcelorMittal, one of the world's biggest steel producers, is among a number of companies poised to swoop for the French steel plants of beleaguered metals tycoon Sanjeev Gupta. German steel producer Saarstahl and Italy's Beltrame Group are also in the running

Decision on future of Italy's top steelmaker delayed as demand ...
Fri, 14 May 2021 00:00:00 GMT
The Italian flat steel market faced continuing uncertainty after a key legal body put off a decision May 13 on the future of the largest domestic producer, the former ArcelorMittal Italia, now Acciaierie Italiane. The market had awaited the Italian State Councils decision on whether Acciairie Italiane could keep producing crude steel after the

Ukraine: AMKR employees demand salary rise
Fri, 30 Apr 2021 09:57:23 GMT
Employees of ArcelorMittal Kriviy Rih have organized a strike demanding increase in salary and improvement of labor conditions. In particular, they want their wages to be increased by 30%. If the management does not agree with them, they could resort to more radical actions, for example an Italian strike. Earlier, AMKR reported that from

Steel companies push to get vaccine doses for staff
Fri, 30 Apr 2021 00:00:00 GMT
ArcelorMittal Nippon Steel India has already placed orders with Pune-based Serum Institute of India for around 45,000 vials of its Covid-19 vaccine

ArcelorMittal joins Shell, Vattenfall in green hydrogen network
Wed, 28 Apr 2021 00:00:00 GMT
ArcelorMittal has joined Shell, Vattenfall and other cross-industry companies to form the so-called Hamburg Hydrogen Network,Kallanishlearns from the company. To curb its emissions and produce green steel, the steelmaker will rely on the supply of green hydrogen from the Hamburg Green Hydrogen Hub initially proposed by Vattenfall, Shell, Mitsubishi Heavy Industries and Wrme

European HRC buyers face difficulty due to credit limits, prices ...
Tue, 27 Apr 2021 00:00:00 GMT
European HRC prices were heard higher in the market April 26 as mills aim to reach the Eur1,000/mt level announced by ArcelorMittal, though players have said most prices that are discussed are purely theoretical, with further increases now said to be futile due to the limited availability of domestic steel, sources told S&P Global

Number of ArcelorMittal news reports: 12
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