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ArcelorMittal lowers 2014 outlook on lower iron ore price

Last Updated: Saturday, August 02, 2014, 01:58

Steel titan ArcelorMittal said it has reduced its outlook for 2014 because of a lower-than- expected iron ore price, even as it reported a return to profit in the second quarter of this year.

ArcelorMittal cuts outlook as ore prices hit mining

Last Updated: Friday, August 01, 2014, 14:28

ArcelorMittal, the world`s largest steelmaker, cut its forecast for earnings this year after lower than anticipated iron ore prices ate into the profit of its mining business.

Dassualt Systemes to acquire Dutch firm Quintiq for $337 million

Last Updated: Thursday, July 24, 2014, 22:10

French software company Dassault Systemes today said it will acquire Netherlands-based firm Quintiq for around 250 million euros (about USD 337 million).

Shots fired as Liberia police quell ArcelorMittal mine protest

Last Updated: Saturday, July 05, 2014, 08:08

Liberia`s security forces fired shots in the air to break up a protest at an ArcelorMittal SA iron ore plant northeast of the capital on Friday, authorities and witnesses said.

ArcelorMittal mulls bid for Italian steelmaker Lucchini

Last Updated: Saturday, July 05, 2014, 01:52

ArcelorMittal, the world`s biggest steelmaker, is considering making an offer later this month for Italy`s second largest steel producer Lucchini, according to Italian union CGIL FIOM.

ArcelorMittal mulls bid for Italian steelmaker Lucchini

Last Updated: Friday, July 04, 2014, 22:02

According to Venturi, ArcelorMittal is carrying out due diligence on Lucchini in parallel with its assessment of Ilva.

ArcelorMittal completes sale of ATIC stake for 155.4 mn euros

Last Updated: Monday, June 30, 2014, 19:52

ArcelorMittal said its 78 percent stake in the European port handling and logistics company was sold to HES Beheer.

IMG to meet next week to review BGs of 61 coal blocks

Last Updated: Wednesday, June 11, 2014, 17:32

The meeting of inter-ministerial group (IMG) on coal blocks to look into the issue of bank guarantees related to 61 mines alloted to firms such as ArcelorMittal, Tata Steel and JSPL which was to be held today has been postponed to next week.

IMG to meet today to review bank guarantees of 61 coal blocks

Last Updated: Wednesday, June 11, 2014, 10:00

The meeting of inter-ministerial group on coal blocks Wednesday will look into the issue of bank guarantees related to 61 mines allocated to firms such as ArcelorMittal, Tata Steel and JSPL.

Panel seeks report on ArcelorMittal mines leases from Jharkhand

Last Updated: Sunday, May 18, 2014, 12:56

A central panel has asked Jharkhand to clarify soon whether the existing and proposed mining leases of ArcelorMittal for its planned Rs 50,000-crore plant in the state fell under a conservation reserve or not.

ArcelorMittal opposes Western sanctions against Russia

Last Updated: Friday, May 16, 2014, 17:38

ArcelorMittal, the world`s largest steelmaker opposed sanctions and the EU steel industry was lobbying the European Union not to intensify measures against Russia over its actions in neighbouring Ukraine.

ArcelorMittal Q1 net loss narrows to $205 million

Last Updated: Friday, May 09, 2014, 17:09

The world's largest steel producer, headed by NRI Lakshmi N Mittal, had clocked USD 345 million net loss during the January-March quarter of last year.