(CercleFinance.com) – ArcelorMittal shares underperformed the Dutch stock market on Friday in the wake of a cautious note from Morgan Stanley, which revised downwards the price target on the stock. Around 2:30 p.m., the stock fell 0.4% while the AEX, the benchmark index of the Amsterdam Stock Exchange, moved around equilibrium. In a study devoted…
(CercleFinance.com) – Oddo BHF maintains its ‘outperform’ rating on ArcelorMittal shares, with a price target lowered from 35 to 31 euros. ‘After a mixed H1 due to disappointed hopes of a strong recovery in China and major incidents at two sites in Europe, H2 looks set to be relatively weak’, estimates the analyst who nevertheless…
Employers’ association appalled IG Metall is demanding a wage increase of 8.5 percent for a four-day week 09/06/2023, 7:24 p.m listen to the article This audio version was artificially generated. More Info | send feedback The IG Metall union wants to pave the way for the north-west German steel industry to a four-day week –…
by Greg Roumeliotis and Emma-Victoria Farr (Reuters) – ArcelorMittal, the world’s second-largest steelmaker, is considering a bid for US Steel, already coveted by other companies, sources familiar with the matter said on Wednesday. This hypothesis is being discussed between ArcelorMittal and its investment bankers and there is no indication yet that it will materialize, the…
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ArcelorMittal Méditerranée will not stop its Fos-sur-Mer blast furnaces (Bouches-du-Rhône). The administrative court of Marseille suspended, Thursday, July 6, the decision of the departmental direction of employment, labor and solidarity which imposed a temporary stoppage of the steel department of the factory. This unprecedented procedure against the steel giant was taken on June 19 to…
(CercleFinance.com) – ArcelorMittal announced on Wednesday that it has selected the Canadian company Char Technologies as part of its ‘XCarb’ acceleration program intended to support start-ups and support its decarbonization. The steelmaker indicates that this choice will result in an investment of five million dollars from its innovation fund in this company specializing in the…
The ArcelorMittal complex in Fos-sur-Mer (Bouches-du-Rhône), May 2, 2023. MATHIAS BENGUIGUI FOR “THE WORLD” In the crushing heat of early summer, the ArcelorMittal factory in Fos-sur-Mer (Bouches-du-Rhône) rumbles in a reddish halo. The imposing steel site, which produces four million tonnes of steel each year, is still operating this Thursday, June 29, more than a…
(CercleFinance.com) – ABB announces that it has been chosen to supply electrification and automation systems for ArcelorMittal Nippon Steel India’s (AM/NS India) advanced steel cold rolling mill (CRM) in Hazira, the Indian state of Gujarat. AM/NS India – a joint venture between two of the world’s leading steel companies ArcelorMittal and Nippon Steel – is…
(CercleFinance.com) – ArcelorMittal announces that it has signed a memorandum of understanding with the automotive supplier Snop, focusing on sustainable development, in particular through the use of the steelmaker’s low-carbon XCarb products. The cooperation between the two companies also includes a commitment to test the use of Usibor, ArcelorMittal’s high-strength, low-carbon steel, in structural automotive…
(CercleFinance.com) – As part of its decarbonization process, ArcelorMittal Luxembourg announces its intention to invest in a new electric arc furnace at its Belval site, for an investment of 67 million euros. This investment is part of a series of projects which were the subject of a memorandum of understanding signed last September between the…
AS Published on 06/14/2023 at 2:52 p.m. Photo credit © ChaunuPictures (Boursier.com) — ArcelorMittal and LanzaTech Global Inc have just started production of ArcelorMittal’s commercial carbon capture and utilization (CCU) facility in Ghent, Belgium. The €200 million ‘Steelanol’ facility is a…
