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.
Aug 22, 2016, 19:04 PM IST
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.
May 06, 2016, 18:28 PM IST
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.
Apr 05, 2016, 20:19 PM IST
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.
Apr 04, 2016, 15:27 PM IST
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
Apr 01, 2016, 21:31 PM IST
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.
Mar 25, 2016, 16:13 PM IST
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.
Feb 05, 2016, 23:50 PM IST
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
Nov 26, 2015, 03:58 AM IST
Spanish stock market falls
Spain's 10-year bond interest rate slid from 1.8 percent on Monday to 1.65 percent on Friday.
Nov 21, 2015, 05:19 AM IST
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.
Nov 09, 2015, 02:48 AM IST
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.
Oct 20, 2015, 23:26 PM IST
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.
Jul 31, 2015, 11:27 AM IST
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.
May 22, 2015, 20:43 PM IST
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.
May 07, 2015, 12:43 PM IST
ArcelorMittal cuts R&D expenses by 4% at $259 mn in 2014
The NRI-billionaire Laxmi Mittal led company had reported R&D expenditure of USD 270 million in the year-ago period, ArcelorMittal said in a report.
Apr 21, 2015, 15:58 PM IST
ArcelorMittal readies DFR for $6.5-bn Karnataka steel plant
"A draft feasibility report for the contemplated steel plant has been completed and hydrological and environmental impact assessment studies have been initiated," it said in its latest annual report.
Feb 25, 2015, 19:02 PM IST
ArcelorMittal narrows Q4 loss to $955 mn
The company, controlled by NRI billionaire Lakshmi Mittal, had reported USD 1.2 billion net loss in the October-December quarter of the last year, it said in a statement.
Feb 13, 2015, 17:59 PM IST
ArcelorMittal sees iron ore hit, lower steel growth in 2015
ArcelorMittal, the world`s largest producer of steel, forecast on Friday its profit would fall in 2015, rather than improve as expected, as iron ore prices sapped mining earnings and steel market growth cooled from last year.
Feb 13, 2015, 12:52 PM IST
ArcelorMittal sells its Kuzbass coal mines in Siberia
World's largest steel maker ArcelorMittal has announced selling its Kuzbass coal mines in the Kemerovo region of Siberia to Russia's National Fuel Company (NTK).
Jan 20, 2015, 18:12 PM IST
ArcelorMittal, Tata Steel to start hedging iron ore: Sources
Top steelmakers ArcelorMittal and Tata Steel are dipping their toes into iron ore derivatives, marking a crucial milestone in developing trade for the world`s second-largest commodity after oil.
Dec 12, 2014, 17:59 PM IST
