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Latest Articles in arcelormittal

ArcelorMittal JV To Start Production In Two Years

SAIL and ArcelorMittal signed a preliminary agreement in May last year to expand in what is one of the world's fastest growing steel markets and a major car exporter

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Steel To Get Its Lustre Back From Thrust On Infrastructure, Says Birendra Singh

Union steel minister Birender Singh pins hopes on the Modi government’s thrust on infrastructure building and the Make in India initiative for a turnaround in the floundering market for steel

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ArcelorMittal Pushes Bid For Italy's Ilva Steel Plant

The Italian government has extended to June 30 the deadline for presentation of binding offers for Europe's largest steel plant by output capacity

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ArcelorMittal Suspends Quebec Mine Project On Weak Market

The decision was based on the project cost, 'fairly high' mine production costs, low iron ore prices and global competition, said ArcelorMittal spokesman Paul Wilson

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Tata Steel's UK Exit Raises Expectations Of European Mergers

At stake is an EU industry with annual turnover of about 170 billion euros ($193 billion) that directly employs 330,000 people

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ArcelorMittal To Sell LaPlace And Vinton Steel Plants In US

World’s largest steel manufacturer ArcelorMittal is selling its LaPlace and Vinton Long Carbon facilities in the US to an affiliate of the asset management firm Black Diamond Capital Management

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ArcelorMittal Launches $3 Billion Share Issue As Profits Plunge

ArcelorMittal's share price has dropped 60 per cent in the past 12 months, cutting the group's market value to just $6.94 billion

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ArcelorMittal Mothballs Spanish Steel Plant

The world's biggest steelmaker blamed the indefinite closure in its steel plant at Sestao in Spain, which could affect as many as 330 jobs, on adverse market conditions in the steel industry across Europe

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After Six Years On Top, Lakshmi Mittal Drops Out Of South Africa Rich List

Mittal's wealth dropped substantially with the ArcelorMittal SA share price having plummeted in the past two years amid the global drop in steel prices

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