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ArcelorMittal (MT)’s Kazakh unit said its furnaces will be back to normal by May 29 after a fire at a sintering plant last week. The blaze, which killed a machine operator and a fireman, was put out on May 15, the Temirtau-based unit said in ...
May 25, 2012 at 12:57 | Source: Bloomberg
The biggest steel maker in the world, ArcelorMittal ( MT, quote) has a great deal of appeal for emerging market investors. Now trading close to its 52-week low, this is a steel industry stock income, growth and value investors should ...
May 25, 2012 at 14:38 | Source: NASDAQ
LONDON -(Dow Jones)- Steel giant ArcelorMittal (MT) announced Friday the sale of Skyline Steel and Astralloy business in the North American Free Trade Agreement region to Nucor Corp. (NUE) for around $605 million, on a debt free and cash free basis.
May 18, 2012 at 08:19 | Source: NASDAQ
ArcelorMittal Projects, part of the Distribution Solutions segment, has been selected by Shell, a global group of energy and petrochemical companies, to be its single source provider for offshore structural beams and sections. The agreement foresees the ...
May 28, 2012 at 03:57 | Source: SteelGuru
Luxembourg, 18 May 2012 (03:00 CET) - ArcelorMittal announces today the sale of its steel foundation distribution business in NAFTA, namely Skyline Steel and Astralloy ("Skyline Steel") to Nucor Corporation ("Nucor") for a total consideration of ...
May 18, 2012 at 15:15 | Source: Mineweb
ArcelorMittal Temirtau is ramping up production at the workshops that reduced output after a fatal fire last week, the company said on Friday May 25. The fire at the steelmaker’s Kazakhstan unit killed two people and seriously injured another ...
May 25, 2012 at 16:54 | Source: Metalbulletin
CHARLOTTE, N.C. (AP) -- Steel recycler Nucor Corp. said Friday that it plans to buy a steel distribution unit of ArcelorMittal for $605 million, expanding its reach in the North American construction industry. ArcelorMittal, based in Luxembourg ...
May 27, 2012 at 16:15 | Source: Yahoo Finance
When ArcelorMittal (NYSE:MT) reported earnings a week ago on May 10th, 2012, analysts, on average, expected the company to report earnings of $0.13 on sales of $22.9 billion. ArcelorMittal actually reported earnings of $0.09 per share on sales of $22.7 ...
May 21, 2012 at 12:05 | Source: Comtex Smartrend
ArcelorMittal ADR (NYSE: MT)‘s stock had its “underperform” rating reaffirmed by Zacks in a report released on Friday. They currently have a $13.00 target price on the stock. Zacks’ analyst wrote, “We are maintaining our Underperform ...
May 18, 2012 at 17:52 | Source: zolmax.com
We are maintaining our Underperform recommendation on the shares of ArcelorMittal (MT) for the long-term following our assessment of its first-quarter 2012 results. Quarterly earnings missed the Zacks Consensus Estimate while revenues beat the ...
May 23, 2012 at 21:42 | Source: Town Hall