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ArcelorMittal <MT.AS> said on Wednesday it had signed a deal that would see a significant injection of Italian state funding into the Ilva steelworks and would suspend a bid to walk away from the ...
In September 2014, ArcelorMittal and Gerdau sold Gallatin Steel to Nucor for $770 million. [32] In February 2016, the company sold its 35% stake in Gestamp Automacion to the Riberas family for €875 million. [33] [34] In June 2016, the company announced the launch of a new high strength steel. [3]
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 ...
ArcelorMittal South Africa is part of the steel company Arcelor-Mittal. [ 1 ] [ 2 ] The company was originally Iscor Ltd. , a South African parastatal steel company. It was founded in 1928 and was first listed on the JSE Securities Exchange in 1989.
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Saldanha Steel is now part of ArcelorMittal South Africa, which in turn is part of global steel company ArcelorMittal. The mill was shut down and mothballed in 2020 [ 2 ] resulting in the loss of 1500 jobs.
At the time of the second privatisation, the company had annual sales of $1897 million with a net profit of $378 million, and cash reserves of $413 million. The plant had a production capacity of ~10 million tonnes of raw steel, and a rolling capacity of under 7 million tonnes, and was able to source most of its requirements for iron ore and ...
Unlike rival Stelco, Dofasco is not unionized.As a result, Dofasco has avoided many of the strikes and work stoppages which have plagued its cross-town rival. Some investors complained that the profits should have been distributed to shareholders as a special dividend rather than giving workers larger bonuses, which was a factor in the underperforming stock price despite strong results.