ArcelorMittal CEO says steel business is recovering, posts third straight quarterly lossJuly 29th, 2009 ArcelorMittal posts 3rd consecutive quarterly lossBRUSSELS — The world's largest steel maker, ArcelorMittal SA, on Wednesday reported a loss of $792 million for the second quarter, its third consecutive quarterly loss, but said demand was recovering and that it would increase production. CEO Lakshmi Mittal said the company would restart production at some plants to meet "some initial signs" that the steel slump is ending.
3 inmates break out of Belgian prison in daring helicopter escapeJuly 23rd, 2009 Inmates break out of Belgian prison in helicopterBRUSSELS — Belgian authorities say three inmates made a dramatic escape from prison by helicopter. Bruges prosecutor's office spokesman Marc Florens tells VRT television that an accomplice hijacked a helicopter Thursday and forced its pilot to fly into the prison yard, where the men got inside.
EU approves acquisition of Dutch company by ArcelorMittalJuly 8th, 2009 BRUSSELS - The European Commission announced here Wednesday that it has cleared the proposed acquisition of Dutch company Noble European Holdings B.V., a subsidiary of Noble International Ltd. of the US, by ArcelorMittal of Luxembourg.
EU approves acquisition of Dutch company by ArcelorMittalJuly 8th, 2009 BRUSSELS - The European Commission announced here Wednesday that it has cleared the proposed acquisition of Dutch company Noble European Holdings B.V., a subsidiary of Noble International Ltd. of the US, by ArcelorMittal of Luxembourg.
Arcelor-Mittal to re-open furnace in Belgium plantJuly 5th, 2009 BRUSSELS - Steelmaker Arcelor-Mittal would re-open the second blast furnace at its plant in Ghent, Belgium, in August, EuAsiaNews reported Sunday. The furnace was closed down in April as a result of falling demand of steel worldwide due to the current economic crisis.
ArcelorMittal laying off nearly 1,000 at US plantMay 14th, 2009 WASHINGTON - Citing an 'extraordinary economic environment,' ArcelorMittal, the world's largest steel maker, has announced plans to indefinitely lay off 978 workers at its Indiana Harbour West mill plant in July. Although the mill's iron-producing operations will also be suspended indefinitely, another blast furnace at the East Chicago mill in northwestern Indiana will remain in operation, the Luxembourg-based company owned by Indian steel czar Lakshmi Mittal said Wednesday.
Protest by ArcelorMittal workers marks violent May Day ralliesMay 2nd, 2009 LONDON - Police arrested dozens of people as Europe Friday witnessed a string of recession-fuelled May Day labour rallies, including by workers of an ArcelorMittal steel plant in France. Workers of ArcelorMittal, the world's largest steel plant that is owned by Indian billionaire Lakshmi Niwas Mittal, dressed in protective work suits in a march to denounce the French government's economic policies in Marseille.
Pollution board checking effects of oil spill in Satluj riverApril 26th, 2009 ROPAR - The Punjab Pollution Control Board (PPCB) has taken samples of water and plants from Satluj river in Punjab to evaluate the damage caused by a furnace oil spill after a thermal power plant pipeline burst two days ago, officials said here Sunday. 'We had sent our team of environmental engineers to evaluate the damage incurred due to leakage of oil into the Satluj water.
Lakshmi Mittal's US steel plant to lay off 400 workersApril 15th, 2009 WASHINGTON - ArcelorMittal SA, the world's largest steel maker led by India-born steel czar Lakshmi Niwas Mittal, plans to idle a plant in East Chicago and lay off about 400 workers due to global economic crisis that has dampened demand for the metal. The Luxembourg-based company that produces 10 percent of the world's steel will suspend operations indefinitely at the Indiana Harbour Long Carbon facility, the Chicago Tribune reported Tuesday citing a company statement.
ArcelorMittal asks Poland to stop Russian steel importApril 11th, 2009 WARSAW - Steel giant ArcelorMittal, which controls 70 percent of steel production in Poland, has asked the Polish government to stop importing Russian steel which is making a big dent on the profitability of the Lakshmi Mittal-headed steel behemoth. The Russian steel, which is much cheaper than steel produced by ArcelorMittal, has flooded the Polish market in recent days and a big part of the imported steel is also being re-exported to other European countries.
ArcelorMittal scotches rights issue rumoursMarch 18th, 2009 LUXEMBOURG - ArcelorMittal, the world's largest steelmaker, Tuesday denied a newspaper report that it was considering a five billion Euro ($6.5 billion) share sale. 'The rumours mentioned within this article are not true,' the company owned by Indian-born billionaire Lakshmi Niwas Mittal said about the Financial Times report.
ArcelorMittal to get government land for steel projectFebruary 12th, 2009 RANCHI - Steel major ArcelorMittal will be given government land to set up its proposed Rs.400-billion (Rs.40,000-crore) steel project in Jharkhand, state Industries Director Rahul Sharma said Friday. 'We have asked ArcelorMittal representatives to deposit Rs.12.5 crore (Rs.125 million) to Gumla district to get 1,000 acres of government land.
ArcelorMittal workers demonstrate against job lossesFebruary 10th, 2009 BRUSSELS - ArcelorMittal workers from across Europe gathered in Brussels Tuesday to protest against job losses, EuAsiaNews reported. The steel producer is axing 9,000 jobs across the globe.
13 killed in China fireworks plant explosionJanuary 3rd, 2009 JINAN - At least 13 people have been killed in an explosion at an illegal fireworks plant in eastern China, officials said Sunday. The blast occurred at about 4:30 p.m.
Gas leak in Tata Steel unit kills oneDecember 29th, 2008 RANCHI - One man died and two others were injured when gas leaked in a blast furnace unit of Tata Steel in Jamshedpur Tuesday, a company statement said. 'N.K. Manjhi, K. Bahadur and C.
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