MT News and Press, Arcelor Mittal NY Registry Shares NEW From 03/22/22

Companies to work together to construct 9 75 MW of nominal solar and wind capacity Utilising Greenko’s hydro pump storage project, 250 MW of uninterrupted renewable power will be supplied annually to AM / NS India under ...

ArcelorMittal (NYSE:MT) says it will invest more than €300M ($331M) with government support to create a new production unit for electrical steels at its Mardyck site in the north of France. The steelmaker says the new industrial unit will specialize in the production of steels for use ...

17 March 2022 ArcelorMittal has announced an investment of more than €300m, with the support of the French government, to create a new production unit for electrical steels at its Mardyck site in the north of France. This investment will create more than 100 direct jobs. ...

ArcelorMittal (NYSE:MT) has raised its official hot-rolled coil offer by €100/ton to €1,400/ton across Europe, capping €430/ton in increases for HRC since the beginning of March, Argus Media reports. ArcelorMittal also is targeting €1,500/ton for cold-rolled coil a...

Update: 3:49 p.m. ET: Fitch has dropped its rating on Dutch-based telecom Veon (NASDAQ:VEON) down to junk status due to the company’s heavy exposure to Russia and Ukraine. Standard & Poor’s also cut Veon’s rating further into junk territory. Update 3:21 p.m. ET: ...

Update 3:21 p.m. ET: Citigroup (NYSE:C) announced that it’s expanding plans to exit Russia. The banking giant previously disclosed that it would be winding down its Russian consumer business due to the Ukraine War, but said Monday that it will also review exiting other business li...

Update 1:16 p.m. ET: The U.S. has told its allies that China has signaled a willingness to provide military assistance to Russia to support its invasion of Ukraine, the FT reported, citing officials familiar with diplomatic cables. Update 12:08 p.m. ET: "The war in Ukraine has already ca...

Update 12:08 p.m. ET: "The war in Ukraine has already caused a terrible human toll," the BlackRock Investment Institute said in a note. "We see it extracting a heavy economic price as well, mostly via higher energy costs. This is a major supply shock layered onto an existing one, and we ...

Talks between Russia and Ukraine continue, but on the ground Russia continues to shell Kyiv. An airstrike on a base in Yavoriv, less than 10 miles from the Polish border, killed at least 35 people. The Kremlin said today its "Ukraine operation" will be completed "on schedule," according to Bl...

ArcelorMittal (MT +1.4%) says sanctions on Russia affects the company's sourcing of raw materials at operations in Ukraine and markets for sales by its other operations in the former Soviet states that generated $4.1B in sales last year, according to Bloomberg. In its annual report, the steel...