ArcelorMittal earnings, Revenue beat in Q1
Investing.com - ArcelorMittal reported on Thursday first quarter {{erl-6910||earnings that beat analysts' forecasts and revenue that topped expectations. ArcelorMittal announced earnings...
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ArcelorMittal News & Analysis
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European Stocks Surge Higher; Shell Posts Record First Quarter Profit
By Peter Nurse Investing.com - European stock markets traded firmly higher Thursday, with investors digesting mainly strong corporate earnings after the Federal Reserve tempered expectations...
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Steel giant ArcelorMittal's Q1 net income jumps over 80% to $4,125 million
"ArcelorMittal recorded net income for 1Q 2022 of USD 4,125 million as compared to...a net income of USD 2,285 million for 1Q 2021," the Luxembourg-based firm said
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ArcelorMittal increases buyback program, sees global steel dip
By Marine Strauss BRUSSELS (Reuters) – ArcelorMittal reported higher-than-expected core profit in the first quarter on Thursday, but said it now forecast a slight contraction in global...
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Union Minister visits Jindal Steel’s rebar plant in Odisha; dedicates 1.4 MT plant to nation
Union Steel minister Ram Chandra Prasad also visited Jindal Steel's coal gasification plant in Angul, Odisha.
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Chana procurement crosses 1 MT as mandi procurements rule below MSP
India continues to impose an effective ban on imports of yellow peas (matar) which were mostly used as a cheaper substitute for desi chana for making Gram flour (besan).
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Luxembourg to focus on sustainable finance with India: Jean Asselborn, Foreign Minister
"Economic cooperation between Luxembourg and India has grown over the years. As you rightly mentioned, three MoUs were signed in the margins of the virtual bilateral summit between Prime...
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ArcelorMittal weighs risks for Polish business as Gazprom halts gas supplies
(Reuters) – ArcelorMittal Polish unit said on Wednesday it is currently assessing potential risks of gas shortages and its impact on its operations in Poland after Russian energy group...
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India exports 13.5 MT finished steel worth Rs 1 lakh crore in FY22: Faggan Singh Kulaste
According to official data, Indiaâs finished steel exports were at 10.78 million tonne in 2020-21.
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NCLT reserves order in ArcelorMittal’s resolution plan for Uttam Galva Steel
The Mumbai bench of the National Company Law Tribunal (NCLT) presided by members PN Deshmukh and KK Vohra reserved the order after hearing arguments from the counsels of the resolution...
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Tata Steel, ArcelorMittal-Nippon Steel India unlikely to bid for NMDC unit
NMDC may end up spending around Rs 22,000 crore, higher by Rs 6,500 crore than originally estimated, for the plant mainly due to seven years of time overrun.
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Indian mills produce 32.99 MT sugar till April 15: ISMA
In the current 2021-22 sugar season, reportedly 45 mills have stopped crushing operations in Maharashtra, while 153 sugar mills are still crushing cane. On the corresponding date in last...
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Wheat exports in FY23 to beat target of 10 MT, India aims to supply 3 MT to Egypt: Piyush Goyal
The country’s wheat exports have witnessed a quantum jump in recent years — from just 2,17,000 tonnes in FY20 to two million tonnes in FY21 and more than seven million tonnes in FY22 — on...
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ArcelorMittal’s HBI Facility Stake Buy Strengthens Decarbonization Efforts
Global steel and mining company ArcelorMittal S.A. (MT) has agreed to acquire an 80% stake in Voestalpine’s Hot Briquetted Iron (HBI) facility in Texas. The remaining 20% stake will be with...
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Dow Jones Newswires: ArcelorMittal to buy majority of Voestalpine’s Texas HBI plant
ArcelorMittal said Thursday that it has agreed to buy a majority stake in peer Voestalpine AG's hot briquetted iron plant in Texas in the U.S., in a deal that values the operations at $1...
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Steelmaker Arcelormittal South Africa considers renewable energy projects
The two 100 megawatt (MW) renewable energy plants are planned for Gauteng and the Western Cape provinces and are intended to supply existing facilities within the company, the steelmaker...
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11,000 MT of rice from India reaches Sri Lanka ahead of its traditional new year
Sri Lankans will celebrate Sinhala and Tamil New Year on April 13 and 14. This is one of the biggest festivals in Sri Lanka.
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11,000 MT of rice from India reaches Sri Lanka ahead of new year
Sri Lankans will celebrate Sinhala and Tamil New Year on April 13 and 14.
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ArcelorMittal Nippon Steel India to set up new cold roll mill at Hazira as part of Rs 8,500-crore expansion plan
A new cold rolling mill (CRM) will be set up at the former Essar Steel plant which will have lines producing a variety of value-added steel coils and sheets, as per a press statement. Work...
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40,000 MT diesel from India reaches crisis-hit Sri Lanka
Officials of the state fuel entity, Ceylon Electricity Board (CEB), said the Indian diesel supplies would ease the ongoing power cuts.
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Coal India achieves record production of 622 MT in FY22
Coal supplies to power generation companies during FY22 also touched a record of 540.4 MT, up 21.4 per cent as compared to 445 MT in FY21.
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ArcelorMittal earnings, Revenue beat in Q4
Investing.com - ArcelorMittal reported on Thursday fourth quarter {{erl-6910||earnings that beat analysts' forecasts and revenue that topped expectations. ArcelorMittal announced earnings...
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European Stocks Higher; Central Bank Meetings Seen as Key
By Peter Nurse Investing.com - European stock markets traded higher Tuesday, rebounding from a weak start to the week as investors digested the spread of the Omicron Covid variant ahead of...
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ArcelorMittal earnings beat, Revenue misses in Q3
Investing.com - ArcelorMittal reported on Thursday third quarter {{erl-6910||earnings that beat analysts' forecasts and revenue that fell short of expectations. ArcelorMittal announced...
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ArcelorMittal earnings, Revenue beat in Q2
Investing.com - ArcelorMittal reported on Thursday second quarter {{erl-6910||earnings that beat analysts' forecasts and revenue that topped expectations. ArcelorMittal announced earnings...
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ArcelorMittal earnings beat, Revenue misses in Q1
Investing.com - ArcelorMittal reported on Thursday first quarter {{erl-6910||earnings that beat analysts' forecasts and revenue that fell short of expectations. ArcelorMittal announced...
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