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ArcelorMittal (NYSE:MT) says it has eliminated Russian commodities from its supply chain following the invasion of Ukraine. Europe's biggest steelmaker has been sourcing ~20% of the coal for its European mills from Russia and bought iron ore from sanctioned billionaire Alisher Usmanov's Metal...
ArcelorMittal (NYSE:MT) has established a strategic partnership with Greenko Group, India’s leading energy transition company, to work together to construct 975 MW of nominal solar and wind capacity. The $0.6B project will combine solar and wind power and be supported by Greenko...
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 ...
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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...