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ArcelorMittal SA (MT.AS)

MT.AS on Amsterdam Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Arcelormittal Q3 EBITDA up at 1.92 billion euros
Friday, 10 Nov 2017 01:00am EST 

Nov 10 (Reuters) - Arcelormittal Sa :ARCELORMITTAL REPORTS THIRD QUARTER 2017 RESULTS.Q3 EBITDA $ ‍​ 1.92 BILLION VERSUS $1.86 BILLION IN REUTERS POLL.ARCELORMITTAL - ‍NOW EXPECTS A FULL YEAR 2017 INVESTMENT IN WORKING CAPITAL OF APPROXIMATELY $2.0 BILLION VERSUS $1.5 BILLION PREVIOUSLY​.Q3 EBITDA/TONNE $ ‍​89 VERSUS $93 YEAR AGO.Q3 STEEL SHIPMENTS 21.7 ‍​ MT VERSUS 21.3 MT IN REUTERS POLL.ARCELORMITTAL SA - ‍"WE OPERATE IN A COMPETITIVE GLOBAL ENVIRONMENT WHICH IS CHARACTERIZED BY OVERCAPACITY AND HIGH LEVELS OF IMPORTS"​.Q3 REVENUE $17.64 ‍​ BILLION VERSUS $16.82 BILLION IN REUTERS POLL.Q3 NET INCOME ATTRIBUTABLE TO EQUITY HOLDERS OF PARENT $ 1.21 BILLION VERSUS $735 MILLION IN REUTERS POLL.ARCELORMITTAL SA - ‍MARKET CONDITIONS ARE FAVORABLE​.ARCELORMITTAL - ‍DEMAND ENVIRONMENT REMAINS POSITIVE AND STEEL SPREADS REMAIN HEALTHY​.Q3 IRON ORE SHIPPED AT MARKET PRICE ‍​ 9.1 MT VERSUS 8.1 MT YEAR AGO.Q3 CRUDE STEEL PRODUCTION ‍​ 23.6 MT VERSUS 22.6 MT YEAR AGO.Q3 OWN IRON ORE PRODUCTION ‍​14.2 MT VERSUS 13.7 MT YEAR AGO.ARCELORMITTAL SA - GLOBAL APPARENT STEEL CONSUMPTION FORECAST TO INCREASE BY +2.5% TO +3.0% IN 2017 ‍​.ARCELORMITTAL - IN CHINA, DEMAND GROWTH EXPECTED DUE TO STRENGTH IN AUTOMOTIVE AND MACHINERY‍​.ARCELORMITTAL - ASP WERE 1.5% HIGHER THIS QUARTER AS COMPARED TO 2Q DUE TO IMPROVED PRICES IN EUROPE (+3.5%) AND ACIS (+3.3%).  Full Article

ArcelorMittal keeps forecast for 2017 steel demand growth
Friday, 10 Nov 2017 01:00am EST 

Nov 10 (Reuters) - Arcelormittal :Says sees global apparent steel consumption growing by between 2.5 and 3.0 percent in 2017. Same forecast as made in July.  Full Article

Black Iron provides update on go forward development plan
Monday, 30 Oct 2017 07:30am EDT 

Oct 30 (Reuters) - Black Iron Inc :Black Iron provides update on go forward development plan.Black Iron - PEA for ‍Shymanivske Iron Ore project expected to be completed in mid-Q4; co expects it to show "extremely favourable" economics​.Black Iron - co to initiate discussions with debt finance sources including European Bank For Reconstruction And Development.  Full Article

Arcelormittal announces offers to purchase for cash up to $1.25 bln combined purchase price of the outstanding notes
Thursday, 28 Sep 2017 10:19am EDT 

Sept 28 (Reuters) - Arcelormittal SA ::Arcelormittal announces offers to purchase for cash up to $1,250,000,000 combined aggregate purchase price of the outstanding notes listed below.Arcelormittal sa - ‍notes may be validly tendered at any time on or before 11:59 p.m., new york city time, on October 26, 2017, unless extended​.  Full Article

Arcelormittal says German cartel authorities searched its offices
Monday, 4 Sep 2017 09:13am EDT 

Sept 4 (Reuters) - Arcelormittal :Says German cartel authorities searched its offices in late august on suspected antitrust violations.  Full Article

Arcelormittal to invest 96 million euros on its sites in Florange and Dunkerque
Friday, 28 Jul 2017 12:13am EDT 

July 28 (Reuters) - ARCELORMITTAL SA ::WILL INVEST 96 MILLION EUROS ON ITS SITES IN FLORANGE (MOSELLE) AND DUNKERQUE (NORD).  Full Article

Arcelormittal CFO says Chinese steel exports down, but still very significant
Thursday, 27 Jul 2017 02:40am EDT 

July 27 (Reuters) - Arcelormittal :Arcelormittal cfo says steel imports into europe from january to may are up 13 percent.Arcelormittal cfo says chinese steel exports down, but still very significant.  Full Article

Arcelormittal ups global apparent steel consumption forecast to +2.5-3.0 pct in 2017 ‍​
Thursday, 27 Jul 2017 02:25am EDT 

July 27 (Reuters) - ARCELORMITTAL SA ::ARCELORMITTAL UPS GLOBAL APPARENT STEEL CONSUMPTION FORECAST TO +2.5-3.0% IN 2017 (VERSUS. +0.5-1.5% FORECAST IN FEB)‍​.ARCELORMITTAL SAYS GLOBAL OVERCAPACITY REMAINS A THREAT TO SUSTAINABLE RETURNS ON CAPITAL‍​.ARCELORMITTAL SAYS H1'17 STRONGEST FIRST HALF EBITDA SINCE 2012.ARCELORMITTAL SAYS DEMAND IN CORE MARKETS IS GROWING, WITH PMI READINGS CURRENTLY AT HIGHEST LEVEL SINCE 2011.ARCELORMITTAL SAYS SHIPMENTS IN H2 WILL FOLLOW STRONGER THAN NORMAL SEASONAL PATTERN.  Full Article

ArcelorMittal: Net income of $1.3 billion in 2Q 2017‍​
Thursday, 27 Jul 2017 01:01am EDT 

July 27 (Reuters) - ARCELORMITTAL SA :‍:Q2 NET INCOME OF $1.3 BILLION .Q2 SALES $ 17.24‍​ BILLION VERSUS $16.59 BILLION IN REUTERS POLL.‍1H 2017 EBITDA OF $4.3 BILLION​.ARCELORMITTAL SA Q2 REUTERS POLL: SALES $16.59 BILLION; EBITDA $2.14 BILLION; NET PROFIT $1.09 BILLION; STEEL SHIPMENTS 21.7 MT.Q2 NET INCOME ATTRIBUTABLE TO EQUITY HOLDERS OF THE PARENT $ ‍1.32 BILLION VERSUS $1.09 BILLION IN REUTERS POLL.Q2 EBITDA/ TONNE $ 98‍​ VERSUS $80 YEAR AGO.2Q 2017 IRON ORE SHIPMENTS OF 15.2MT (-0.9% YOY).Q2 CRUDE STEEL PRODUCTION ‍​ 23.2 MT VERSUS 23.1 MT YEAR AGO.STEEL SHIPMENTS IN 2H 2017 WILL BE HIGHER THAN WOULD NORMALLY BE SUGGESTED BY SEASONALITY ALONE.‍​.Q2 STEEL SHIPMENTS ‍​ 21.5 MT VERSUS 21.7 MT IN REUTERS POLL.Q2 IRON ORE SHIPPED AT MARKET PRICE ‍​ 9.5 MT VERSUS 9.6 MT YEAR AGO.CAPEX EXPECTATION FOR 2017 REMAINS AT $2.9 BILLION (FROM $2.4 BILLION IN 2016)‍​.FOR 2017 EXPECTS LOWER CASH TAXES AND CONTRIBUTIONS TO FUND PENSIONS AND OTHER CASH EXPENSES TO BE LOWER THAN PREVIOUS GUIDANCE‍​.EXPECTS A FULL YEAR 2017 INVESTMENT IN WORKING CAPITAL OF APPROXIMATELY $1.5 BILLION (AS COMPARED TO PREVIOUS GUIDANCE OF APPROXIMATELY $1.0 BILLION).‍​.‍NOW EXPECTS THAT CASH NEEDS OF BUSINESS IN 2017 TO BE C. $4.6 BILLION​.EXPECTS INTEREST EXPENSE TO DECLINE TO $0.8 BILLION IN 2017 (AS COMPARED TO $0.9 BILLION FROM PREVIOUS GUIDANCE AND $1.1 BILLION IN FY 2016)‍​.  Full Article

Arcelormittal publishes conclusions in relation into deposition of residues in Florange
Tuesday, 25 Jul 2017 01:10pm EDT 

July 25 (Reuters) - ARCELORMITTAL SA ::PUBLISHES MAIN CONCLUSIONS OF ITS INTERNAL INVESTIGATION INTO DEPOSITION OF RESIDUES IN FLORANGE.CONCLUDED INVESTIGATION INTERNALLY AND WITH ITS SUBCONTRACTORS ACCORDING TO ALLEGATIONS ON CO DUMPING "ACID" INTO THE WILD.MAIN POINTS OF THE INVESTIGATION SUBMITTED TO AUTHORITIES.SAYS FILED COMPLAINT AGAINST X IN CONNECTION WITH THESE ALLEGATIONS AND SAYS WORKS CLOSELY WITH POLICE AND JUDICIARY.  Full Article

TABLE-Kazakhstan's Jan-Oct copper, steel, zinc output rises

ALMATY, Nov 17 Kazakhstan's January-October refined copper output rose 2.8 percent and crude steel output jumped 8.5 percent, while refined zinc production climbed 1.0 percent, Statistics Committee data showed on Friday. London-listed copper miner KAZ Minerals and Glencore's Kazzinc account for a large part of Kazakhstan's metals production. ArcelorMittal owns the country's only major steel plant in Temirtau. The Statistics Committee provided the following data on Kaz