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ArcelorMittal SA (ADR)(NYSE:MT) CEO Releases Tenth Anniversary Statement

Lakshmi N. Mittal, the CEO of ArcelorMittal SA (ADR)(NYSE:MT), stated that steelmaking is their passion and it will continue to drive company for several years to come. On August 1, 2006, Mittal Steel and Arcelor merged to establish the world`s leading steel firm. The management view Expressing his views, Mr. Mittal said that the reason […]

ArcelorMittal SA (ADR)(NYSE:MT) EBITDA Almost Doubles In 2Q2016

ArcelorMittal SA (ADR)(NYSE:MT) reported that the EBITDA in 2Q2016 surged 26.5% YoY to $1.8 billion. Operating income amounted to $1.9 billion in 2Q2016 against $0.3 billion in 1Q2016, following increased sales led by higher steel selling prices and one-time gain of $0.8 billion from employee benefits. The management speaks Commenting on 2Q2016 performance, Lakshmi N. […]

ArcelorMittal SA (ADR)(NYSE:MT) Completes Gallatin Sale As A Part Of Asset Divestment Strategy

Boston, MA 10/10/2014 (wallstreetpr) – The shares of steel giant, ArcelorMittal SA (ADR)(NYSE:MT) were down on Thursday by nearly 4% to $12.39, following its announcement of closure of sales. The company along with Brazil’s Gerdau SA (ADR) (NYSE:GGB) have reportedly their 50 % stakes in Gallatin Steel Company to Nucor Corporation (NYSE:NUE). The move from […]

Ford Motor Company (NYSE:F)’S F-150 Gives Birth To Steel V/S. Aluminium Battle For Auto Industry

Boston, MA 09/25/2014 (wallstreetpr) – The steel plant of ArcelorMittal SA (ADR) (NYSE:MT) located in rural area of Alabama is keenly looking forward to the response of Big Steel for aluminium; given the riding interest by carmakers. This year, the aluminium sector took pace with the announcement of Ford Motor Company (NYSE:F)’s mostly-aluminium new F-150 […]

ArcelorMittal SA (ADR) (NYSE:MT) To Face A Lawsuit From A Union Grievance Officer

A union grievance officer has filed a suit against ArcelorMittal SA (ADR) (NYSE:MT). He has alleged that he has faced discrimination at the ArcelorMittal’s Indiana Harbor West facility. The name of union grievance officer is Leroy Johnson. It is a civil rights lawsuit based on the discrimination done on the basis of age and race. […]

ArcelorMittal SA (ADR) (NYSE:MT) Reports Contrary To Last Year

Boston, MA 08/05/2014 (wallstreetpr) – ArcelorMittal SA (ADR) (NYSE:MT), a steel bellwether with nearly $24 billion in market cap, reported 2Q22014 results that exceeded the like quarter last year. The company also announced the continuation of its selective divestment as it seeks to streamline and exit non-performing operations. The organization realignment that the company announced in […]

ArcelorMittal SA (ADR)(NYSE:MT) Appoints New Chief Executive Officer

Boston, MA 06/02/2014 (wallstreetpr) – ArcelorMittal SA (ADR)(NYSE:MT), the largest metal producer and provider of the world had recently announced the appointment of its new CEO. According to the reports made public by the company, Paul O’Flaherty would be the new executive director and Chief Executive Officer of the company. He will join MT as soon […]

ArcelorMittal Ostrava (NYSE:MT) Signs New US$74 Million Boiler Investment With Valmet

Boston, MA 05/23/2014 (wallstreetpr) – ArcelorMittal Ostrava (NYSE:MT) is one of the largest metal manufacturers of the world. According to a recent news made public by the company, it has decided to sign a contract with Finland based Valmet in order to install a fluidized bed boiler. The boiler will cost around US$74 Million to the […]

ArcelorMittal SA (ADR) (NYSE:MT): Production About To Resume In Renovated Plant

Boston, MA 04/09/2014 (wallstreetpr) – ArcelorMittal SA (ADR) (NYSE:MT), a $27.30 billion organization, is regarded as the largest steel producer of the world. The company also produces coke, which is a baked coal that is used as fuel to power blast furnaces. The company purchased coke plant in Monessen in 2008 but stopped operations at the […]

Tuesday Stock Update: ArcelorMittal (ADR) (NYSE:MT), Verizon Communications Inc. (NYSE:VZ), Gilead Sciences, Inc. (NASDAQ:GILD)

Boston, MA 02/11/2014 (wallstreetpr) – ArcelorMittal (ADR) (NYSE:MT)’s rumored purchase bid for Ilva remains one of the top trending news in steel industry. Although some other names have also featured as also being interested in bidding for the troubled Ilva, a family owned steel giant in southern Europe. It is reported that Italian steel groups […]

ArcelorMittal (ADR) (NYSE:MT) Discuses Q4 Earnings

Boston, MA 02/10/2014 (wallstreetpr) – ArcelorMittal (ADR) (NYSE:MT) has been suffering over the past few years as the economic recession hit hard the construction industry greatly affecting the demand for steel also resulting in the decline in steel prices a business that forms a key part of its revenue collection. This seems to have changed […]

Why These Stocks are Interesting: ArcelorMittal (ADR) (NYSE:MT), JPMorgan Chase & Co. (NYSE:JPM), Advanced Micro Devices, Inc. (NYSE:AMD)

Boston, MA 02/10/2014 (wallstreetpr) – ArcelorMittal (ADR) (NYSE:MT) is interested in buying part or all of Ilva, an Italian steelmaker. Reports about this possible takeover surfaced over the weekend. MT is the world’s largest steelmaker while Ilva runs the biggest steel plant in the whole of Europe. The company produces steel products used mainly be […]

Stocks of the Day: ArcelorMittal (ADR) (NYSE:MT), Plug Power Inc (NASDAQ:PLUG), Zynga Inc (NASDAQ:ZNGA)

Boston, MA 01/29/2014 (wallstreetpr) – ArcelorMittal (ADR) (NYSE:MT) will supply the steel for the construction of a viaduct known as Trans-Rhumel in Algeria. The project stretches more than 1.1 meters and rise 80 meters above sea level and it is supported by 130-meter-high pillars. Upon completion, the viaduct will have two lanes spanning about 30 […]

ArcelorMittal (ADR) (NYSE:MT) Cut Deals To Reduce Net Debt To $15 Billion By End-Year

Boston, MA 10/29/2013 (wallstreetpr) – For the past several weeks, ArcelorMittal (ADR) (NYSE:MT) which is the world’s largest steel manufacturer has been into hectic deals, apparently geared towards reducing its current $16.2 billion in net debt to $15 billion by end of the F2013.  And seemingly these deals have started paying off as can be seen in […]

ArcelorMittal (ADR) (NYSE:MT) Is Into Heavy Deal Making Over Past 30 Days

Boston, MA 10/22/2013 (wallstreetpr) – ArcelorMittal (ADR) (NYSE:MT), the largest steel maker in the world, has a market capitalization of about $28.36 billion. Over the past 30 days, it has been working on making a heavy deal with a host of smaller steel manufacturers. The overall impact of this busy and tight M & A […]