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ArcelorMittal tipped to take over Italy`s Ilva

A consortium led by global steel giant ArcelorMittal is tipped to take over Italy`s troubled Ilva steelworks, one of the most polluting industrial sites in Europe, a source told AFP on Friday.

ArcelorMittal agrees on concessions to seal delayed $897 million JV with SAIL

ArcelorMittal agrees on concessions to seal delayed $897 million JV with SAIL

ArcelorMittal, the world`s largest steel producer, said on Wednesday it has agreed to make concessions to Steel Authority of India on technology transfer to seal a delayed $897 million automotive joint venture.

ArcelorMittal Q1 Net at $1 bn; debt rises to $12.1 bn

The world's largest steelmaker ArcelorMittal on Friday reported a net profit of USD 1 billion for the quarter ended March 31, 2017 but reported a rise in net debt to USD 12.1 billion during the period.

ArcelorMittal posts USD 403 million net profit in December quarter

ArcelorMittal posts USD 403 million net profit in December quarter

 ArcelorMittal today reported a net profit of USD 403 million for the quarter ended December 2016 on the back of better sales and higher operating income.

China''s Baosteel details Wuhan deal to forge ArcelorMittal rival

China''s Baosteel details Wuhan deal to forge ArcelorMittal rival

China`s Baosteel Group fleshed out its plans to buy rival Wuhan to create the world`s second-largest steelmaker behind ArcelorMittal on Thursday, part of Beijing’s effort to consolidate its fragmented steel industry.

SAIL-ArcelorMittal $1 bn JV to be finalised by December: Govt

SAIL-ArcelorMittal $1 bn JV to be finalised by December: Govt

The proposed USD 1 billion JV between global steel giant ArcelorMittal and India's largest producer of the metal SAIL will be finalised by December.

ArcelorMittal to pay $110 million fine for price fixing in South Africa

ArcelorMittal to pay $110 million fine for price fixing in South Africa

Steelmaker ArcelorMittal has agreed to pay a $110-million (88-million-euro) fine for illegal price fixing in South Africa, the country`s competition watchdog announced Monday.

ArcelorMittal Q1 net loss down to $416 mn; reports higher debt

ArcelorMittal today said its net loss narrowed down to USD 416 million (about Rs 2,766 crore) in the quarter ended March 31, but the steel giant reported a rise in debt to USD 17.3 billion during the period.

ArcelorMittal raises $3 billion via rights issue

Steel giant ArcelorMittal said it has successfully completed a USD 3 billion rights issue, proceeds of which will be utilised to pare debt.

ArcelorMittal USA to secure up to $1 bn loan facility

ArcelorMittal USA to secure up to $1 bn loan facility

Steel giant ArcelorMittal today said its US-based subsidiary intends to secure up to USD 1 billion 5-year revolving credit facility, which the firm will utilise for general corporate purposes.

After UK exit, Tata may combine European steel business with Thyssenkrupp: Source

After UK exit, Tata may combine European steel business with Thyssenkrupp: Source

Tata Steel and Germany`s Thyssenkrupp have been talking about combining their European steel operations, a person aware of the talks said on Friday

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.

ArcelorMittal's losses at $8 billion; to raise $3 billion, cut debt

The world's largest steelmaker outlined a plan to reduce its USD 15.7 billion net debt by nearly a quarter.

 

Spanish stock market closes higher

On Wednesday session Inditex shares led rises climbing 2.71 percent, followed by Gamesa, Enagas, Gas Natural, Grifols and Abertis A that rose 2.52 percent, 2.49 percent, 2.10 percent, 1.81 percent and 1.53 percent respectively

Spanish stock market falls

Spain's 10-year bond interest rate slid from 1.8 percent on Monday to 1.65 percent on Friday.

Lakshmi Mittal's S African steel plant in government bailout

The South African arm of Indian steel magnate Lakshmi Mittal's business empire has received a bailout from government interventions after earlier being at loggerheads with it over a closure that would have effectively destroyed an entire town that depended on it.

Lakshmi Mittal's London steel tower losing money

One of London's newer landmarks, the Arcelor Mittal Orbit designed by British-Indian artist Anish Kapoor to mark the 2012 Olympic Games in the city, is losing nearly 10,000 pounds a week as tourist numbers fall short of expectations.

ArcelorMittal keeps forecast despite worse market view

The group said it now expected the Chinese market to contract by up to 1 percent, having previously guided for growth of between 0.5 to 1 percent.

ArcelorMittal, SAIL to set up steel plant in India

NRI billionaire Lakshmi Mittal-led ArcelorMittal on Friday partnered PSU giant SAIL to set up an automotive steel plant with an estimated Rs 5,000 crore investment, taking a fresh shot at entering India after nearly a decade-long wait for its earlier projects to take off.

ArcelorMittal's net loss widens to $728 million, cuts capex to $3 billion

The company, controlled by NRI billionaire Lakshmi Mittal, had reported a net loss of USD 205 million in the year-ago period, it said in a statement.