ArcelorMittal keeps forecast despite worse market view

Last Updated: Friday, July 31, 2015, 11:27

The group said it now expected the Chinese market to contract by up to 1 percent, having previously guided for growth of between 0.5 to 1 percent.

Simon Wandke becomes ArcelorMittal Mining CEO

Last Updated: Friday, July 10, 2015, 23:46

He has also been nominated as ArcelorMittal's Executive Vice President.

ArcelorMittal, SAIL to set up steel plant in India

Last Updated: Friday, May 22, 2015, 20:43

NRI billionaire Lakshmi Mittal-led ArcelorMittal on Friday partnered PSU giant SAIL to set up an automotive steel plant with an estimated Rs 5,000 crore investment, taking a fresh shot at entering India after nearly a decade-long wait for its earlier projects to take off.

ArcelorMittal's net loss widens to $728 million, cuts capex to $3 billion

Last Updated: Thursday, May 7, 2015, 12:43

The company, controlled by NRI billionaire Lakshmi Mittal, had reported a net loss of USD 205 million in the year-ago period, it said in a statement.

ArcelorMittal cuts R&D expenses by 4% at $259 mn in 2014

Last Updated: Tuesday, April 21, 2015, 15:58

The NRI-billionaire Laxmi Mittal led company had reported R&D expenditure of USD 270 million in the year-ago period, ArcelorMittal said in a report.

ArcelorMittal readies DFR for $6.5-bn Karnataka steel plant

Last Updated: Wednesday, February 25, 2015, 19:02

"A draft feasibility report for the contemplated steel plant has been completed and hydrological and environmental impact assessment studies have been initiated," it said in its latest annual report.

ArcelorMittal narrows Q4 loss to $955 mn

Last Updated: Friday, February 13, 2015, 17:59

The company, controlled by NRI billionaire Lakshmi Mittal, had reported USD 1.2 billion net loss in the October-December quarter of the last year, it said in a statement.

ArcelorMittal sees iron ore hit, lower steel growth in 2015

Last Updated: Friday, February 13, 2015, 12:52

ArcelorMittal, the world`s largest producer of steel, forecast on Friday its profit would fall in 2015, rather than improve as expected, as iron ore prices sapped mining earnings and steel market growth cooled from last year.

ArcelorMittal sells its Kuzbass coal mines in Siberia

Last Updated: Tuesday, January 20, 2015, 18:12

World's largest steel maker ArcelorMittal has announced selling its Kuzbass coal mines in the Kemerovo region of Siberia to Russia's National Fuel Company (NTK).

ArcelorMittal, Tata Steel to start hedging iron ore: Sources

Last Updated: Friday, December 12, 2014, 17:59

Top steelmakers ArcelorMittal and Tata Steel are dipping their toes into iron ore derivatives, marking a crucial milestone in developing trade for the world`s second-largest commodity after oil.

Steel baron Lakshmi Mittal drops down South Africa rich list

Last Updated: Sunday, December 7, 2014, 20:17

Mittal's 52 percent holding in ArcelorMittal, worth 6.3 billion rands, now places him at 13th position from 9th last year, 3rd before that, while he topped the list for the preceding six years.

ArcelorMittal extends conversion date for $1 billion bond

Last Updated: Tuesday, January 21, 2014, 19:06

"The mandatory conversion date of the bond has been extended to 29 January 2016. The other main features of the MCB remain unchanged," ArcelorMittal said.