ArcelorMittal

CEO of ArcelorMittal South Africa Says It Important to Restructure the Financial Position of the Company

CEO of ArcelorMittal South Africa Says It Important to Restructure the Financial Position of the Company

AMSA Looking for Lowering Its Iron Ore Cost With or Without Kumba

AMSA Looking for Lowering Its Iron Ore Cost With or Without Kumba On Friday, the chief executive at ArcelorMittal South Africa (AMSA), Paul O'Flaherty, said that if Kumba Iron Ore does not consider lowering its prices, the steel producer might consider importing cheaper iron ore.

Kumba is the biggest iron ore producer of Africa and whether or not it agrees to the terms will be seen in the near future.

ArcelorMittal and Nippon Steel pay $1.55 billion for ThyssenKrupp's Calvert factory

ArcelorMittal and Nippon Steel pay $1.55 billion for ThyssenKrupp's Calvert factory Steel giant ArcelorMittal and Nippon Steel & Sumimoto Metal have settled to buy a US steel plant which is owned by Germany's ThyssenKrupp for $1.55 billion.

The ThyssenKrupp plant is located in Calvert, in the southern US state of Alabama. It has a total capacity of 5.3 million tonnes of steel intended mainly for auto manufacturing and construction.

ArcelorMittal Still Shows Interest In ThyssenKrupp's Alabama Plant

ArcelorMittal Still Shows Interest In ThyssenKrupp's Alabama Plant The world's largest steel mogul, ArcelorMittal (ISPA. AS), has shown interest in the steel rolling mill in Alabama that ThyssenKrupp (TKAG. DE) is seeking to sell.

ThyssenKrupp AG has decided to sell off its plans its unprofitable American steel operations, and it is considering  expanding in Brazil and exiting the U. S entirely.

ArcelorMittal, Technip equities trails up in Paris

ArcelorMittalThe CAC 40 Index of France benefitted by 0.2 percent to 3,841.11 at the 5.30 p. m. near in Paris, as Chinese development extended at the greatest speed in six months and a measure of U. S. manufacturing unpredictably increased, strengthening self-assurance in the worldwide economic revival. The SBF 120 Index plunged up by 0.3 percent to 2,866.05 nowadays.

Gregor Müenstermann appointed as new CEO for Emirates Steel

Muenstermann, 50, has more than 20 years of experience in Senior Management in the steel production industry. He was recently appointed the CEO and Chairman of the Board of ArcelorMittal Poland SA and Czech Steelworks Mittal Steel Ostrava.