ArcelorMittal promises European workers that it won't shut plants or make forced layoffsNovember 3rd, 2009 ArcelorMittal vows not to shut European plantsBRUSSELS — ArcelorMittal SA, the world's largest steel maker, told trade unions Tuesday that it does not plan to shut down any of its European plants. The company and workers' representatives said they signed an agreement Monday that "confirms that all the plants will be restarted and that no compulsory redundancies will take place."
ArcelorMittal employs 115,000 people in Europe.
No information on Mittal pullout, say Orissa, JharkhandOctober 5th, 2009 BHUBANESWAR/RANCHI - A day after a noted British paper said steel giant ArcelorMittal was close to pulling out its proposed steel projects in Jharkhand and Orissa, the states Monday said they had not received any communication in this regard. "I have no information on that.
Mittal pullout: Jharkhand says it has no informationOctober 5th, 2009 RANCHI - A day after a noted British paper said steel giant ArcelorMittal was close to pulling out of its proposed steel projects in Jharkhand and Orissa, the Jharkhand government Monday said it had not received any communication from the steel maker in this regard. "We have no information that ArcelorMittal is planning to wind up its greenfield steel project in the state," Jharkhand Industries Secretary N.N.
Uttam Galva makes open offer on ArcelorMittal's behalfSeptember 9th, 2009 MUMBAI - Indian steel producer Uttam Galva Wednesday made an open public offer to acquire 29.4 percent of its shares on behalf of global steel giant ArcelorMittal at Rs.120 per share amounting to Rs.422.71 crore ($87.26 million). Earlier this month, ArcelorMittal had inked a deal with Uttam Galva to become co-promoters of Uttam Galva and picked up a 5.6 percent stake.
Malay Mukherjee steps down from ArcelorMittal boardSeptember 1st, 2009 LONDON - Malay Mukherjee, a leading expert in steelmaking, has stepped down from the board of directors of ArcelorMittal, the company announced Tuesday. Mukherjee, a former executive at the public sector Steel Authority of India Limited (SAIL), quit to pursue other interests, the company said.
Brazil steel production rose 28 percent in JulyAugust 15th, 2009 RIO DE JANEIRO - Brazil's steel production increased by 28.5 percent last month compared with June, the Iron and Steel Institute said. Brazil is the biggest producer and exporter of steel in Latin America and the world's 15th-largest steel exporter.
WVa steel mill marks a century in business, still 'standing' after consolidation of industryAugust 14th, 2009 WVa steel mill celebrating a century in businessWEIRTON, W.Va. — The city's welcome sign proudly proclaims Weirton was "forged by steel." Yet the ArcelorMittal steel mill is only a fraction of what it once was, down to 1,000 workers from the 14,000 of its heyday.
ArcelorMittal posts loss of $800 mn in second quarterJuly 29th, 2009 LONDON - Global steel giant ArcelorMittal, founded by Indian born L.N. Mittal, Wednesday reported a net loss of $800 million for the second quarter of this year but hoped for a much better performance in the ensuing months.
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.
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.
ArcelorMittal plans to cut nearly 1,000 jobs at northwestern Indiana steel millMay 13th, 2009 ArcelorMittal laying off nearly 1,000 at Ind. millEAST CHICAGO, Ind.
JSW Steel to invest Rs.3,000 crore in 2009-10April 22nd, 2009 NEW DELHI - JSW Steel, one of the leading steel makers in the country, will invest Rs.3,000 crore in 2009-10 to expand its production capacity, a top official said here Wednesday. 'We are planning to invest Rs.3,000 crore in the current financial year to expand our production capacity,' Sajjan Jindal, vice-chairman and managing director of JSW Steel, told reporters on the sidelines of a business meet.
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.
Surya Roshni to set up cement mill, steel pipe plantJanuary 20th, 2009 CHENNAI - Lighting products manufacturer Surya Roshni plans to invest Rs.15 billion (Rs.1,500 crore) for setting up a cement mill and a steel pipe plant in Gujarat and foraying into the street light segment, a senior official said here Wednesday. 'We are mulling a cement plant in the Kutch region in Gujarat at an outlay of Rs.10 billion.
RIO DE JANEIRO - ArcelorMittal SA, the world’s largest steelmaker, plans to invest $5 billion to build a new steel mill in Brazil, CEO Lakshmi Mittal said in statements published by Brazilian business daily Valor.
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