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ArcelorMittal steels investors for brittle profits
Tue, Nov 08, 2016
Global steel giant ArcelorMittal said on Tuesday it has earned a net profit of $700 million (633 million euros or nearly Rs 4,656.93 crore) last quarter, but warned low prices in the United States (US) and rising input costs would squeeze future earnings.
Tata Steel plans to double capacity of Kalinganagar plant in 2nd phase of expansion
Thu, Sep 29, 2016
Tata Steel is making good progress on acquiring the land it needs to double the capacity of its newest steel plant in Odisha to meet growing demand in the country, a company executive said.
Illegal price fixing costs ArcelorMittal $110 million
Mon, Aug 22, 2016
Steelmaker ArcelorMittal in South Africa has agreed to pay a $110-million fine for illegal price fixing, the country`s competition commission announced Monday.
Top steel firms' debt level totals record $150 billion
Thu, Aug 18, 2016
EY said in a report published on Thursday steel firms took on debt as they fought for market share, notably the Chinese steel sector has added about a billion tonnes of capacity since 2000, helping to take global excess capacity to about 700 million tonnes.
Lakshmi Mittal's ArcelorMittal Q2 profits sharply up by $1.1 billion
Fri, Jul 29, 2016
Over the period, EBITDA -- a measure of operating profit -- stood at $1.8 billion, nearly double that of the previous quarter.
World’s largest steelmaker fell on its knees in India
Sun, May 29, 2016
The Lakshmi Mittal-led ArcelorMittal’s, the world’s largest steelmaker, plans of setting up a steel plant in India have met with yet another dead-end.
Steel producers to urge China to cut output
Tue, Apr 19, 2016
Angry steel manufacturers in Europe have urged the EU to mirror the United States in punishing China with fresh tariffs, but the Brussels based bloc has so far proved reluctant to challenge Beijing more directly on the issue.