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ArcelorMittal ( NYSE: MT ) said Thursday that weak demand has caused it to idle one of two blast furnaces at its Asturias plant in Spain, Argus reports . The unit will be taken down at the end of September in response to economic uncertainty and weakening confidence leve...
Summary Nippon Steel has been flying under the radar over the past few years as losses for investments have dropped the valuation. However, now undervaluation can be used as a catalyst for strong returns thanks to the company’s global scale. Secretly, the company has ex...
ArcelorMittal's ( NYSE: MT ) India joint venture with Nippon Steel said on Friday it agreed to acquire certain infrastructure assets from Essar Group for $2.4B, as it seeks to strengthen its steelmaking business in the country. ArcelorMittal Nippon Steel ( MT ) said ...
Brazil's steel consumption should double within the next 10 years due to "gigantic opportunities" from the need to build more infrastructure, ArcelorMittal's ( NYSE: MT ) top executive in the country told Bloomberg on Wednesday. Steel demand potentially will grow du...
Palm Beach, FL – August 18, 2022 – FinancialNewsMedia.com News Commentary – Non-ferrous metals are alloys or metals that do not contain any appreciable amounts of iron. All pure metals are non-ferrous elements, except for iron (Fe), which is also called ferr...
The following slide deck was published by ArcelorMittal S.A. in conjunction with their 2022 Q2 earnings call. For further details see: ArcelorMittal S.A. 2022 Q2 - Results - Earnings Call Presentation
ArcelorMittal is one of the largest steel producers in the world, and was printing cash the past few quarters. The balance sheet is "safe" now with a low net debt position. This allowed Arcelor to go shop. It's planning to acquire a Brazilian steel producer for $2.2B (subject to a...
29 July 202 2 , 19:30 CET ArcelorMittal (the ‘Company) has today published its half-year report for the six-month period ended 30 June 2022. The report is available on http://corporate.arcelormittal.com/ under Investors > Financial reports >...
After reporting mixed Q2 results on Thursday, ArcelorMittal ( NYSE: MT ) announces a new share buyback program of 60,431,380 shares in the amount of approximately $1.4B, bringing the total 2022 buybacks announced so far to approximately $3.4B. The program is expec...
2 9 July 2022, 11 :00 CET Following publication of the second quarter 2022 and half year 2022 results press release dated 28 July 2022 (the “ER Press Release”) 1 , ArcelorMittal announces a new share buyback program of 60,431,380 shares in...
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23 July 2024, 16:00 CET ArcelorMittal (‘the Company’) today announces the publication of its second quarter 2024 sell-side analyst consensus figures. The consensus figures are based on analysts’ estimates recorded on an external web-based tool provided and managed...
World-first Trial of New Technology to Recycle CO2 Emissions from Steel Production Begins at ArcelorMittal Gent, Belgium TOKYO, July 8, 2024 - (JCN Newswire) - ArcelorMittal and Mitsubishi Heavy Industries, Ltd. (MHI) are working with a climate tech company, D-CRBN, to trial a new t...
01 July 2024, 11.30 CET ArcelorMittal (’the Company’) has today filed its 2023 Payments to Governments in respect of Extractive Industries report, which provides a consolidated overview of payments made by the Company and its subsidiaries in 2023 to governments regarding its...