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United Kingdom

ArcelorMittal SA (MTS.MC)

MTS.MC on Madrid SE C.A.T.S.

26.86EUR
13 Dec 2017
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Latest Key Developments (Source: Significant Developments)

ArcelorMittal Issues Fixed Rate Notes For 500 Million Euros At 0.95 Pct
Monday, 4 Dec 2017 

Dec 4 (Reuters) - ARCELORMITTAL SA ::ANNOUNCES THE ISSUANCE OF €500 MILLION 0.95% FIXED RATE NOTES UNDER ITS €10 BILLION EMTN PROGRAMME.‍NOTES DUE 17 JANUARY 2023​.  Full Article

ArcelorMittal: accident at coke plant in Ghent, one fatality
Monday, 20 Nov 2017 

Nov 20 (Reuters) - ARCELORMITTAL SA ::ON NOV 20 AT 15:10 EXPLOSION TOOK PLACE IN BY-PRODUCTS ZONE OF COKE PLANT IN ARCELORMITTAL GHENT ‍​.ACCIDENT RESULTED IN ONE FATALITY AND TWO INJURED PEOPLE WHO ARE BOTH IN A STABLE CONDITION‍​.CONFIRMS THAT THERE IS NO DANGER TO SURROUNDING AREA AND THAT INSTALLATION HAS BEEN MADE SAFE‍​.CO IS INVESTIGATING EXACT CIRCUMSTANCES AND CAUSES OF THE ACCIDENT ‍​.COKE PLANT GAS IS CURRENTLY BEING FLARED IN ACCORDANCE WITH STATED PROCEDURES ‍​.  Full Article

Arcelormittal Q3 EBITDA up at 1.92 billion euros
Friday, 10 Nov 2017 

Nov 10 (Reuters) - Arcelormittal Sa :ARCELORMITTAL REPORTS THIRD QUARTER 2017 RESULTS.Q3 EBITDA $ ‍​ 1.92 BILLION VERSUS $1.86 BILLION IN REUTERS POLL.ARCELORMITTAL - ‍NOW EXPECTS A FULL YEAR 2017 INVESTMENT IN WORKING CAPITAL OF APPROXIMATELY $2.0 BILLION VERSUS $1.5 BILLION PREVIOUSLY​.Q3 EBITDA/TONNE $ ‍​89 VERSUS $93 YEAR AGO.Q3 STEEL SHIPMENTS 21.7 ‍​ MT VERSUS 21.3 MT IN REUTERS POLL.ARCELORMITTAL SA - ‍"WE OPERATE IN A COMPETITIVE GLOBAL ENVIRONMENT WHICH IS CHARACTERIZED BY OVERCAPACITY AND HIGH LEVELS OF IMPORTS"​.Q3 REVENUE $17.64 ‍​ BILLION VERSUS $16.82 BILLION IN REUTERS POLL.Q3 NET INCOME ATTRIBUTABLE TO EQUITY HOLDERS OF PARENT $ 1.21 BILLION VERSUS $735 MILLION IN REUTERS POLL.ARCELORMITTAL SA - ‍MARKET CONDITIONS ARE FAVORABLE​.ARCELORMITTAL - ‍DEMAND ENVIRONMENT REMAINS POSITIVE AND STEEL SPREADS REMAIN HEALTHY​.Q3 IRON ORE SHIPPED AT MARKET PRICE ‍​ 9.1 MT VERSUS 8.1 MT YEAR AGO.Q3 CRUDE STEEL PRODUCTION ‍​ 23.6 MT VERSUS 22.6 MT YEAR AGO.Q3 OWN IRON ORE PRODUCTION ‍​14.2 MT VERSUS 13.7 MT YEAR AGO.ARCELORMITTAL SA - GLOBAL APPARENT STEEL CONSUMPTION FORECAST TO INCREASE BY +2.5% TO +3.0% IN 2017 ‍​.ARCELORMITTAL - IN CHINA, DEMAND GROWTH EXPECTED DUE TO STRENGTH IN AUTOMOTIVE AND MACHINERY‍​.ARCELORMITTAL - ASP WERE 1.5% HIGHER THIS QUARTER AS COMPARED TO 2Q DUE TO IMPROVED PRICES IN EUROPE (+3.5%) AND ACIS (+3.3%).  Full Article

ArcelorMittal keeps forecast for 2017 steel demand growth
Friday, 10 Nov 2017 

Nov 10 (Reuters) - Arcelormittal :Says sees global apparent steel consumption growing by between 2.5 and 3.0 percent in 2017. Same forecast as made in July.  Full Article

Black Iron provides update on go forward development plan
Monday, 30 Oct 2017 

Oct 30 (Reuters) - Black Iron Inc :Black Iron provides update on go forward development plan.Black Iron - PEA for ‍Shymanivske Iron Ore project expected to be completed in mid-Q4; co expects it to show "extremely favourable" economics​.Black Iron - co to initiate discussions with debt finance sources including European Bank For Reconstruction And Development.  Full Article

ArcelorMittal says two Canandian units reached an agreement in principle with USW
Monday, 8 May 2017 

May 8 (Reuters) - ArcelorMittal SA ::ArcelorMittal Mining Canada G.P., ArcelorMittal Infrastructure Canada G.P. reach an agreement in principle with United Steelworkers Union.  Full Article

S. Africa's Competition Commission says Arcelormittal to pay r1.5 billion fine
Monday, 22 Aug 2016 

: Arcelormittal to pay r1.5 billion fine for its involvement in cartels Further company coverage: [ACLJ.J] ((Bengaluru Newsroom +918067491136;)).  Full Article

Arcelormittal Q2 EBITDA $1.8 billion
Friday, 29 Jul 2016 

Arcelormittal : Q2 iron ore shipped at market price 9.6 mt versus 10.8 mt year ago . Q2 crude steel production 23.1 mt versus 24.0 mt year ago . Despite steel spread recovery losing momentum in recent weeks, impact of lagged prices will be an important support for results as we move into a period of seasonally slower steel demand . Expects cash flows from operating activities to exceed capex in 2016 . Q2 sales $14.74 billion versus $15.32 billion in Reuters poll . Increased uncertainty post brexit, is likely to slow economic recovery, albeit largest impact to be felt in uk, which represents only 2% of co's shipments . Expects fy 2016 ebitda to be in excess of $4.5 billion . In China, robust infrastructure and automotive continue to support demand, while growth in real estate has lost momentum . Operating income of $1.9 billion in 2Q . Ebitda of $1.8 billion in 2Q 2016, nearly double as compared to $0.9 billion in 1Q; $1.57 billion expected in Reuters Poll . Steel shipments of 22.1mt in 2Q 2016, an increase of 2.9% as compared to 1Q 2016 . Q2 own iron ore production 13.5 mt versus 16.4 mt year ago . Q2 steel shipments 22.1 mt versus 22.2 mt year ago . Industry continues to face challenges of structural overcapacity . Seeing better market conditions compared with second half of 2015 which lead us to be cautiously optimistic about remainder of year.  Full Article

Arcelormittal and Marcegaglia submit offer to acquire Ilva
Thursday, 30 Jun 2016 

Arcelormittal : Arcelormittal and Marcegaglia submit offer to acquire Ilva . Intention to increase Ilva's primary utilisation rate, with crude steel production rising to over 6 million tonnes per annum by 2020 .Major capital expenditure programme aimed at enhancing Ilva's asset capabilities.  Full Article

United Steelworkers members ratify new contract with ArcelorMittal USA
Thursday, 23 Jun 2016 

United Steelworkers: Members have ratified a new contract with Arcelormittal USA .Contract sets terms of employment for nearly 14,000 hourly production, maintenance, office, technical workers through Sept 1, 2018.  Full Article

EU mergers and takeovers (Dec 13)

BRUSSELS, Dec 13 The following are mergers under review by the European Commission and a brief guide to the EU merger process: