ArcelorMittal SA (MTS.MC)
Wed, Aug 1 2018
BRUSSELS ArcelorMittal , the world's largest steel producer, posted forecast-beating core profit in the second quarter after keeping costs low, and said an improving global market and trade protection were feeding into an upbeat full-year outlook.
JOHANNESBURG ArcelorMittal's South Africa unit swung back to a modest profit in the first half of the financial year, boosted by higher steel prices and upbeat sale volumes, the firm said on Wednesday.
* Shares up 1.8 pct in early Wednesday trade (Adds details on international trade, costs)
ROME Italy's government, which has questioned the validity of ArcelorMittal's planned takeover of Italian steelmaker Ilva, on Wednesday said it was not happy with new bid proposals put forward by the steel giant.
ROME, July 25 Steel giant ArcelorMittal said on Wednesday it remained "hopeful" that it could soon complete its planned takeover of steelmaker Ilva, despite the new Italian government's concerns over the deal.
ROME, July 24 The Italian government is opening a formal review of ArcelorMittal's planned takeover of the Ilva steel company and might annul the accord over alleged irregularities, Industry Minister Luigi Di Maio said on Tuesday.
ROME Steel giant ArcelorMittal said on Friday it would present improved proposals for its planned takeover of Italy's troubled steelmaker Ilva, as the new government questioned how it came to be awarded the deal.
* Russia's Severstal, MMK to wind down sales as well - sources
MOSCOW, July 17 ArcelorMittal Temirtau, a Kazakh unit of the world's largest steelmaker, will suspend the export of hot-rolled steel coils to Iran due to the re-imposition of U.S. sanctions, Alex Agoureev, an adviser to the company, told Reuters.
FRANKFURT Germany's Salzgitter said it has bid for steel and tin production facilities in Dudenlange, Luxembourg and Liege, Belgium currently being divested by ArcelorMittal.