Key Developments: ArcelorMittal SA (MT.N)

MT.N on New York Stock Exchange

14.60USD
11 Jul 2014
Price Change (% chg)

$0.04 (+0.27%)
Prev Close
$14.56
Open
$14.52
Day's High
$14.61
Day's Low
$14.44
Volume
762,255
Avg. Vol
861,040
52-wk High
$17.91
52-wk Low
$11.98

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Latest Key Developments (Source: Significant Developments)

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

ArcelorMittal launches new steel for lighter cars
Thursday, 22 May 2014 08:00pm EDT 

ArcelorMittal SA:Launches first product in new series of advanced high strength steels, with 10 automotive steel projects set for launch in 2014.New steel, HF1050, is third-generation advanced high strength steel for cold stamping, for use in automotive market.Using HF1050 is to result in additional weight reductions in vehicles structural components of up to 10 pct.  Full Article

ArcelorMittal confirms FY 2014 EBITDA guidance
Friday, 9 May 2014 01:00am EDT 

ArcelorMittal SA:Confirms FY 2014 guidance of EBITDA of about $8.0 billion.FY 2014 EBITDA $8.037 billion-Thomson Reuters I/B/E/S Estimates.  Full Article

ArcelorMittal signs sale and purchase agreement for sale of ATIC stake
Wednesday, 30 Apr 2014 02:03am EDT 

ArcelorMittal SA:Signs sale and purchase agreement for sale of ArcelorMittal's 78 pct stake in European port handling and logistics company ATIC Services SA ("ATIC") to HES Beheer NV.This transaction would give HES Beheer 100 pct ownership of ATIC.  Full Article

NV Bekaert SA completes expansion transactions with ArcelorMittal in Costa Rica and Brazil
Tuesday, 29 Apr 2014 08:00pm EDT 

NV Bekaert SA:Acquires, through its Bekaert Ideal Holding, majority of shares (73 pct) of ArcelorMittal SA steel wire plant in Costa Rica (renamed BIA Alambres Costa Rica SA).Sets up same shareholding structure in new Dramix plant in Costa Rica (Bekaert Costa Rica SA) and in Bekaert’s steel wire entity in Ecuador (Ideal Alambrec SA).Acquires remaining shares of the Cimaf ropes plant, by which Bekaert obtains full ownership and renames entity Bekaert Cimaf Cabos.  Full Article

ArcelorMittal France prices 750 mln euros 2019 bond-Reuters
Monday, 17 Mar 2014 08:00pm EDT 

ArcelorMittal SA:Subsidiary ArcelorMittal France issues 750 million euros bond - Reuters.Maturity date March 25, 2019.Coupon 3 pct.Barclays, BNP Paribas, Commerz Bank and Societe Generale acted as Lead Managers.Bond launched under company's EMTN programme.  Full Article

ArcelorMittal Industeel to supply Tectubi Raccodi and EEW with clad plate-Les Echos
Tuesday, 11 Mar 2014 08:00pm EDT 

ArcelorMittal SA:Subsidiary Industeel based in Creusot (Saone-et-Loire, Bourgogne) to produce 5,400 tonnes of clad plate for Italian tube manufacturer Tectubi Raccodi and its German associate EEW - Les Echos.Ordered made to supply Petrofac, responsible for part of extension works at Zakum oil complex in United Arab Emirates.Contract value exceeds 15 million euros.  Full Article

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German industrial output posts surprise slump in May

BERLIN - Germany's industrial output fell 1.8 percent on the month in May, its biggest drop in more than two years, as holiday days ate into working hours, construction slumped and geopolitics weighed, casting a shadow on its role as euro zone motor.

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