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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 ...
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 ...
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]
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 ...
On 26 May 2006 Arcelor announced its intention to merge with Severstal. There were questions about the intentions of Arcelor in announcing its merger with Severstal due to a perceived opacity in the transaction. But on 25 June 2006, the Arcelor board decided to go ahead with the merger with Mittal Steel. Arcelor compensated Severstal €140 ...
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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.
At the time of the incident, 252 people were in the mine, 205 of whom were brought to the surface. [11] 18 people received medical assistance. Initially, four dead bodies were found, and three more were later discovered. [12] 15 of the injured experienced carbon monoxide poisoning. [13] At 14:00, the bodies of 22 miners were found.