|Bid||4.52 x 260000|
|Ask||4.56 x 300000|
|Day's Range||25.95 - 26.51|
|52 Week Range||17.72 - 27.08|
|PE Ratio (TTM)||6.81|
|Earnings Date||Feb 8, 2018 - Feb 12, 2018|
|Forward Dividend & Yield||0.00 (0.00%)|
|1y Target Est||34.24|
ROME (Reuters) - Italy's state holding company CDP and Intesa Sanpaolo (ISP.MI) have signed a non-binding agreement to join ArcelorMittal's (MT.AS) bid to buy Italian steelmaker Ilva, a source ...
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Italy's state holding company CDP and Intesa Sanpaolo have signed a non-binding agreement to join ArcelorMittal's bid to buy Italian steelmaker Ilva, a source close to the matter said on Friday. The involvement of CDP and Intesa, which the source said would amount to about 100 million euros ($118 million), would replace the share in the consortium currently held by Italian steel processor Marcegaglia. EU antitrust authorities in November upgraded their investigation into whether the proposed purchase of Ilva by the consortium led by ArcelorMittal, the world's biggest steelmaker, would lead to steel price hikes.
ArcelorMittal (MT), the world’s largest steel producer, has risen 45.6% so far in 2017 based on December 13, 2017, closing prices.
ArcelorMittal (NYSE:MT) led the NYSE gainers with a relatively large price hike in the past couple of weeks. As a large-cap stock with high coverage by analysts, you could assumeRead More...
India's state steel company will start producing automotive steel in a $1 billion partnership with ArcelorMittal in three years, a top government official said, helping cut imports of high-grade steel as the country revs up car manufacturing. Steel Authority of India Ltd has approved entering into a "non-binding" agreement of terms on the joint venture with the world's biggest maker of the alloy, the state steelmaker said in a statement on Wednesday, confirming a Reuters report from Dec. 7 on the impending approval. SAIL said a definitive agreement with ArcelorMittal would be "finalised in due course subject to financial viability", but Steel Secretary Aruna Sharma told Reuters on Friday the joint venture would start production in three years.
Coal miners at steelmaker ArcelorMittal's Kazakh unit have ended their sit-in and emerged from the mines, the company said on Friday, after offers of a pay rise and the threat of legal action. ArcelorMittal Temirtau, the Central Asian nation's biggest steel mill, said it would continue negotiations with the miners. State prosecutors then offered miners to end the sit-in in order to avoid charges.
15 December 2017- ArcelorMittal announces the extension of the conversion date for the $1 bn privately placed mandatory convertible bond issued on 28 December 2009 by one of its wholly-owned Luxembourg ...
15 December 2017 - ArcelorMittal announces the extension of the conversion date for the $1bn privately placed mandatory convertible bond (MCB) issued on 28 December 2009 by one of its wholly-owned Luxembourg ...
Forecast-topping earnings performance, improving global steel market conditions and the company's internal initiatives have contributed to a rally in ArcelorMittal's (MT) shares this year.
Announcement: Moody's: 2018 outlook for European steelmakers stable as demand, profits grow. Global Credit Research- 07 Dec 2017. London, 07 December 2017-- Sustained demand, higher year-over-year profits ...
ArcelorMittal (MT) issues Euro 500 million 0.95% fixed rate notes under its EMTN program, the net proceeds of which will be used for general corporate purposes.
State-run Steel Authority of India Ltd. has finalized terms for a 60 billion rupee ($929 million) plant with ArcelorMittal to cater to the automobile sector, a deal that’s been in the works for more than ...
State-owned Steel Authority of India Ltd (SAIL) is set to approve a long-proposed $1 billion (£0.8 billion) joint venture with ArcelorMittal at its board meeting next week, three sources with direct knowledge of the matter told Reuters. The decision to approve the deal was reached after talks between ArcelorMittal's billionaire Chairman Lakshmi Mittal, India's Steel Secretary Aruna Sharma and SAIL Chairman P.K. Singh at a meeting last week in New Delhi.
Rating Action: Moody's changes outlook on ArcelorMittal's Ba1 CFR to positive from stable; affirms ratings. Global Credit Research- 07 Dec 2017. London, 07 December 2017-- Moody's Investors Service has ...
ArcelorMittal's bid to buy Italian steel major Ilva may have hit serious snags, but the European Union's steel sector is set to benefit in the short term whether or not there is a deal. Italy's Puglia and Taranto regions last week lodged a court appeal against the Italian government’s approval of ArcelorMittal's environmental plan for its takeover of Ilva. Meanwhile, EU antitrust authorities have opened a full inquiry which is likely to see ArcelorMittal's junior bid partner, Italian steel processor Marcegaglia, exit the deal to buy Ilva.
4 December 2017 - ArcelorMittal announces the issuance of €500 million 0.95 per cent. Notes due 17 January 2023 (the "Notes"). The issuance closed today. The Notes were issued under ArcelorMittal`s ...
4 December 2017- ArcelorMittal announces the issuance of €500 million 0.95 per cent. Notes due 17 January 2023. The Notes were issued under ArcelorMittal's €10 billion wholesale Euro Medium Term Notes ...
After years of bleak news from U.S. and European steelmakers, the industry is finally thriving again. ArcelorMittal, the largest producer, says it’s more than just a blip.
Luxembourg, November 28, 2017 - ArcelorMittal confirms that it has given notice that it will redeem all of its outstanding U.S.$643,509,000 of its U.S.$1,500,000,000 6.125% Notes due June 1, 2018 (the ...
ArcelorMittal is the world's leading steel and mining company, with a presence in 60 countries and an industrial footprint in 18 countries. Guided by a philosophy to produce safe, sustainable steel, we ...
According to the WSA, global steel production stood at 145.3 million metric tons in October 2017, a 5.9% YoY (year-over-year) rise.
Graphite electrode prices have risen this year due to capacity curtailments in China. Cathode availability has also impacted steelmakers.
ArcelorMittal (MT) is likely to gain from actions to cut debt and reduce costs and expand high value products line under its Action 2020 initiative.