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ArcelorMittal on Thursday outlined plans and costs for steelmaking processes that produce less carbon, but also called for investment support from European Union states as well as carbon border taxes.
The Luxembourg-based company said global steel consumption, including the impact of inventory changes, would grow in 2019 by 0.5-1.0% this year, towards the lower end of its previous guidance of 0 ...
ALMATY (Reuters) -At least 28 people have died and 18 remain missing after a mine fire in Kazakhstan, the Ministry for Emergency Situations said on Saturday. Operator ArcelorMittal Temirtau, the ...
Mittal Steel Company is a successor to a business founded in 1989 by Lakshmi Mittal. [1] In 1989, the company leased Iron & Steel Company of Trinidad & Tobago from its government. [2] In 1992, the company acquired Sibalsa from the government of Mexico. [3] In 1994, the company acquired Sidbec-Dosco. [4]
ArcelorMittal was formed in 2007 from the $33 billion acquisition of Arcelor by Mittal Steel Company. [1] [5] The merger was consummated after Mittal Steel Company raised its bid for Arcelor and the Mittal family agreed to relinquish its controlling stake in the company and execute a standstill agreement not to acquire a controlling interest without approval from independent directors.
The bidding process was broadcast live on Ukrainian television, [10] with Arcelor, Mittal Steel Company and Vadim Novinsky's Smart Holdings bidding - Mittal Steel Company was the highest bidder and acquired a 93.02 percent stake in Kryvorizhstal on 24 October 2005, for ₴ 24.2 billion, or US$4.81 billion. [10]
The company, which makes around 5% of the world's steel, said core profit (EBITDA) fell 15% from a year earlier to $901 million, compared with an average expectation of $838 million in a company ...
ArcelorMittal confirmed the National Company Law Tribunal (NCLT) had approved the takeover of the 10 million tonne steel plant of Essar Steel by itself and Japan's Nippon Steel & Sumitomo Metal ...