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ArcelorMittal to shut down French furnacesSteelmaker ArcelorMittal told unions on Monday it will permanently close two mothballed furnaces in northeastern France, enraging workers who blocked off access to the entire steel plant and management offices at the site. The dec More… |
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Steelmakers see soft patch extending to year endArcelorMittal, the world's largest steelmaker, and United States Steel Corp forecast a sector soft patch extending to the end of the year with weak shipments and a margin squeeze. Analysts were expecting a slight improvement from a poor Ju More… |
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ArcelorMittal eyeing Egypt partnershipLuxembourg-based ArcelorMittal, the world's No. 1 steelmaker, has approached Egyptian Iron and Steel to forge a partnership, an Egyptian newspaper reported. The tie-up would help Egyptian Iron and Steel raise EGP15 billion ($2.6 billio More… |
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ArcelorMittal, Kumba seal big iron ore dealArcelorMittal South Africa, a unit of the world's biggest steelmaker, reached a stop-gap agreement to buy ore from Kumba Iron Ore over the next year at about half of recent market prices. Shares of both companies rose sharply on Thursd More… |
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Strike halts production at Arcelor Algeria plantProduction has been halted at ArcelorMittal's steel plant in Algeria after workers carried out their threat to launch an indefinite strike, a company spokesman said on Monday. The trade union representing most of the 7,200 workers at the p More… |
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Steel prices to go up in 2008ArcelorMittal, the world's largest steelmaker, said on Monday it would raise prices for flat steel products in North America and Europe to reflect material and energy cost increases in 2008. US prices were below prevailing global market le More… |
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Steel prices to go up in 2008ArcelorMittal, the world's largest steelmaker, said on Monday it would raise prices for flat steel products in North America and Europe to reflect material and energy cost increases in 2008. US prices were below prevailing global market le More… |
