Arcelormittal Mining News

Steelmaker ArcelorMittal downbeat on main Europe market

The world's largest steelmaker cut its forecast for demand in its main market Europe on Thursday after lower steel prices depressed earnings at the start of the year.

ArcelorMittal to cut iron ore output, slash jobs in Bosnia

Output will be reduced by a third to 1 million tonnes and the job cuts will be carried out from September.

Going Dutch on clean energy? Polluters push for state to split the bill

It is an example of how big companies in the Netherlands and beyond are putting forward their own plans to reduce emissions as they look to ward off the carbon taxes they fear will hammer their businesses.

Homecoming costs tycoon $7B in year of legal drama

ArcelorMittal is finally nearing the end of a yearlong battle to break into India with the $5.9 billion acquisition of Essar Steel India Ltd.

ArcelorMittal reaches railway deal, resumes output at Bosnia mine

Production at the mine was halted after talks on the deal with the Zeljeznice RS railway company collapsed last week.

ArcelorMittal halts output at Bosnia mine after railway deal fails

The world's largest steelmaker operates a steel plant in the central Bosnian town of Zenica.

South African parliament approves long-delayed carbon tax bill

South Africa intends to play its role as part of the global effort to reduce global greenhouse emissions.

Hundreds evacuated in Brazil on fears over mining dams safety

About 700 people were evacuated from two towns located near tailings dams operated by Vale and ArcelorMittal on mounting fears after last month's breach at Brumadinho, the country's deadliest mine disaster.

ArcelorMittal sees small steel demand rise, shares slip on margin concerns

ArcelorMittal is investing in projects in Mexico and Brazil, and has bought Votorantim in Brazil and Italy's Ilva, Europe's largest capacity steel plant.

GE to support the digitalization of ArcelorMittal’s steel plant in Belgium

"Downtime is a billion-dollar problem for the industry as unplanned outages can cause the industry to lose up to 10% of production time a year”

EU imposes curbs on steel imports after Trump tariffs

Steel group Eurofer said the safeguards were completely justified given the diversion of steel to the EU market.

ArcelorMittal's bid to buy stake in Bosnian iron ore mine rejected

ArcelorMittal owns a steel plant in the central Bosnian town of Zenica where it processes iron ore from its mines in Prijedor in the north of the country.

EU takes aim at Turkish steel sector already buckling under Trump tariffs

Our export markets have disappeared, the local market hardly exists, we've got lots of capacity and no market.

Five themes to watch for European miners after humbling year

It all started so well in 2018.

ArcelorMittal urges extended, reformed EU caps on steel imports

It is "absolutely critical" that Europe protect itself with measures to restrict imports of steel and remedy weaknesses in its existing system.

ArcelorMittal needs one month to restore Kazakh output

Several gas pipelines had been damaged after a fire broke out at the plant.

ArcelorMittal declares force majeure for Duisburg-Ruhrort site

Force majeure declared due to the Rhine river's low water levels.

ArcelorMittal to make $1B creditor payment to bid for Essar Steel

The move comes two weeks after India's top court said ArcelorMittal's bid for Essar Steel would become valid only if the acquirer cleared outstanding debt of Uttam Galva Steels and KSS Petron.

ArcelorMittal sells assets to Liberty House to facilitate Ilva deal

ArcelorMittal, the world's largest steel producer, has agreed the sale of plants in the Czech Republic, Romania, Macedonia and Italy.

ArcelorMittal reaches Ilva deal with unions, opening way for takeover

ArcelorMittal signed a preliminary agreement last year to buy Ilva, which has the largest steel-producing capacity in Europe.

Canada to consider steel safeguard response to US tariffs

Canada will consider a safeguard action on seven steel products to protect domestic producers from imports since the United States imposed tariffs in March.

ArcelorMittal Temirtau to suspend hot-rolled steel coil exports to Iran – adviser

ArcelorMittal Temirtau, will suspend the export of hot-rolled steel coils to Iran due to the re-imposition of U.S. sanctions

Italy delays handover of Ilva steelworks to ArcelorMittal

Italy's new government has postponed its handover of the heavily polluting Ilva steel plant to ArcelorMittal by two and a half months to Sept.

ArcelorMittal Canada steelmaker not seeking government aid -CEO

Sean Donnelly, CEO of the company, added that the Canadian government must put resources in place to ensure that cheap steel is not diverted to Canada.

ArcelorMittal South Africa paying first fine instalment in parts

ArcelorMittal South Africa, which has agreed to pay a 1.5 billion rand ($116.85 million) fine for colluding to fix steel prices in five instalments.