Key Developments: ArcelorMittal SA (ISPA.AS)

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Latest Key Developments (Source: Significant Developments)

ArcelorMittal SA signs contract with French shipyard Stx France
Monday, 8 Dec 2014 06:00am EST 

ArcelorMittal SA:Signs new contract with Saint-Nazaire shipyard to supply a minimum of 116,000 tonnes of steel for hulls and decks of three cruise ships to be built by STX France.Says 116,000 tonnes of plates and coils will be supplied from Arcelormittal's European plants.Says it will supply minimum of 116,000 tonnes of steel for hulls and decks of three giant cruise ships to be built by Stx France.Says first deliveries will start in Jan. 2015.  Full Article

ArcelorMittal reiterates FY 2014 EBITDA guidance
Friday, 7 Nov 2014 01:01am EST 

ArcelorMittal SA:Reiterates its guidance for EBITDA in excess of $7.0 billion in FY 2014.FY 2013 EBITDA 6.9 million euros.FY 2014 EBITDA 7.35 million euros-Thomson Reuters I/B/E/S Estimates.  Full Article

Gerdau SA and ArcelorMittal completes sale steel mill-Business Standard
Thursday, 9 Oct 2014 03:54am EDT 

Gerdau SA and ArcelorMittal SA:Have completed sale of their respective 50 pct stakes in US-based Gallatin to Nucor Corp for $770 million-Business Standard.Gallatin Steel is a joint venture between ArcelorMittal and Gerdau.  Full Article

ArcelorMittal SA and Gerdau SA agree to sell Gallatin Steel
Monday, 15 Sep 2014 08:26am EDT 

ArcelorMittal SA:Says that ArcelorMittal and Gerdau SA have entered into a definitive transaction agreement to sell their respective 50 percent interests in Gallatin Steel Company (Gallatin) to Nucor Corporation for a total cash consideration of $770 million, subject to customary closing adjustments.Gallatin is a flat rolled mini-mill located in Gallatin County, Kentucky, USA that melts scrap, pig iron and hot briquetted iron from various sources, and processes the material to produce flat rolled steel.Gallatin's assets produce a wide range of steels from low to high carbon grades with an annual capacity of around 1.8 million tons.The closing of the transaction is not subject to any financing conditions and is expected to be realized by the end of 2014.  Full Article

ArcelorMittal SA to buy stakes in Euronimba Limited and Compagnie Francaise de Mines et Metaux in Guinea iron ore project-Reuters
Friday, 1 Aug 2014 06:56am EDT 

ArcelorMittal SA:Says that it has signed deals to purchase stakes in an iron ore project in Guinea as it pushes to raise its mining output and leverage its existing presence in the region-Reuters.Says that it would buy a 43.5 percent stake in Euronimba Limited from Billiton Guinea, a unit of BHP Billiton , and a 13 percent stake from Compagnie Francaise de Mines et Metaux, a unit of Areva.Financial details of this transaction were not disclosed.Says the deal was subject to certain conditions, including merger control clearance and approvals from the government of Guinea.  Full Article

ArcelorMittal comments on FY 2014 EBITDA guidance
Friday, 1 Aug 2014 01:00am EDT 

ArcelorMittal SA:Sees FY 2014 EBITDA in excess of $7.0 billion.FY 2014 EBITDA $7.747 billion-Thomsonreuters I/B/E/S Estimates.  Full Article

ArcelorMittal to issue 600 mln euros notes
Friday, 4 Jul 2014 12:00pm EDT 

ArcelorMittal SA:Announces issuance of 600 mln euros notes.Coupon 2.875 pct.Maturity date July 6, 2020.Issuance closing completed.Notes issued under company 3 bln euros wholesale Euro Medium Term Notes Programme.Proceeds of issuance to be used for general corporate purposes.  Full Article

ArcelorMittal completes divestiture of ATIC
Monday, 30 Jun 2014 09:19am EDT 

ArcelorMittal SA:Completes sale of its 78 pct stake in European port handling and logistics company ATIC Services SA to HES Beheer.All necessary regulatory approvals received.Transaction completed for agreed price of 155.4 mln euros.  Full Article

Valin ArcelorMittal Automotive Steel Co opens new automotive steel plant in China
Saturday, 14 Jun 2014 08:00pm EDT 

ArcelorMittal SA:Says Valin ArcelorMittal Automotive Steel Co (VAMA) officially opened its new automotive steel plant in China.Plant will produce high-strength automotive steels.Plant is located in economic zone of Loudi, Hunan Province.  Full Article

ArcelorMittal to close coking plant in Belgium-Reuters
Tuesday, 3 Jun 2014 08:35am EDT 

ArcelorMittal SA:ArcelorMittal to shut its coking plant near Liege in Belgium after failing to find buyer for it-Reuters.Company failed to reach agreement with Oxbow Mining over sale of plant.  Full Article


Exclusive: ArcelorMittal, Tata Steel to start hedging iron ore: sources

LONDON - 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.

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