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The Latest Breaking News from ArcelorMittal

The White House Ballroom's Imported Steel Shows How Tariffs Encourage Cronyism

Any time government has greater control over commerce, there is an increased incentive to buy off officials or lobby for special treatment.

Reason

Trump Exposed Over Tariff Cut Timing for Luxembourg Company Behind $37M Foreign Steel Used in White House Ballroom

Explore the controversy surrounding Trump's acceptance of foreign steel donations for a White House project and the subsequent tariff adjustments.

International Business Times UK

Trump the ‘America First’ president will be using foreign steel to build his White House ballroom

California Gov. Gavin Newsom has taken shots at the president after report claimed metals from a European firm have been donated to his White House extension

The Independent UK

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Foreign Steel in Trump's White House Ballroom Sparks Questions Over 'America First' Tariffs

Trump's White House ballroom uses foreign steel, sparking outrage and debate over 'America First' tariffs and donor influence

International Business Times UK

ArcelorMittal invests €1.3 billion to produce 'green steel' at its Dunkirk plant

In the presence of French President Emmanuel Macron, the steelmaker confirmed the construction of its largest electric furnace in Europe at its Dunkirk plant in northern France.

Euronews

French MPs vote to nationalise ArcelorMittal as ministers warn of ‘illusion’

France’s National Assembly has thrown its weight behind a proposal to nationalise ArcelorMittal – France's biggest steelmaker – in a vote that has energised the left but sparked a pushback from the government, which argues the plan is more political theatre than practical solution.

Radio France Internationale

Steel billionaire reportedly latest to leave UK ahead of proposed tax squeeze on ultra-rich

Move marks the latest high-profile departure amid fears Rachel Reeves’s budget will drive Britain’s wealth overseas

The Independent UK

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Steel billionaire Lakshmi Mittal quits London for Dubai over Labour tax shake-up

Mittal is Britain’s 7th richest individual and now plans to spend more time in the Gulf

Evening Standard

‘Hopelessly insolvent’: how ‘saviour of steel’ Sanjeev Gupta’s global empire unravelled

This week’s collapse of the tycoon’s Yorkshire operations brought relief for some. It echoes insolvency steps at 15 of his companies

The Guardian - UK

US Tariffs Corrode Steelmaker ArcelorMittal's Profitability

The world's number two steelmaker, ArcelorMittal, said on Thursday its half-year net profit jumped on exceptional items but US tariffs began to eat into its margin.

International Business Times

Paris violence against Socialist MPs mars huge May Day rallies in France

More than 300,000 people joined May Day rallies across France on Wednesday, unions said, with protests mostly peaceful – apart from in Paris where masked demonstrators targeted Socialist MPs and dozens were arrested. Interior Minister Bruno Retailleau called the attacks “absolutely disgraceful and unacceptable”.

Radio France Internationale

Steelmaker ArcelorMittal Warns Of Uncertainty

Steelmaker ArcelorMittal warned Wednesday that tariff uncertainty could cause further economic disruption as its global footprint helped it weather the turbulence in the first quarter.

International Business Times

European Commodities: Cocoa Prices Stay Hot Amid Continued Supply Challenges

Here are the European commodity winners and losers over the past week.

Barchart

Campaigners hail move to prosecute owners of French steelworks over pollution

Environmental and residents' action groups on Tuesday hailed a decision to charge the steel group ArcelorMittal with pumping toxic fumes into the atmosphere in south-eastern France and attempting to cover up its tracks.

Radio France Internationale

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International Business Times

Italy Says Baku Steel Submits 'Best Offer' For Ex-Ilva Plant

A year after ousting ArcelorMittal, Italy is preparing to hand over control of its giant ex-Ilva steelworks to Azerbaijan's Baku Steel, the industry minister said Thursday.

Benzinga

ArcelorMittal Signals Shift in European Decarbonization Strategy Amid Policy Delays

ArcelorMittal is today providing an update on its decarbonization plans in Europe.The Company has previously announced the intention to invest in lower carbon emissions "hydrogen ready" DRI-EAF facilities to replace

International Business Times

Steelmaker ArcelorMittal To Close Two Plants In France: Unions

ArcelorMittal, the world's second-biggest steelmaker, plans to close two plants in northern France, which together employ more than 130 people, unions said on Monday.

Newslaundry

8 mining firms indicted by CAG in Odisha are political donors

Last month, a Comptroller and Auditor General report had pointed to serious lapses on part of the Odisha government which substantially helped 23 private companies deal a loss of Rs 22,392 crore in mining revenue from 2015 to 2022. Newslaundry has now found that eight of these companies, which caused…

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Barchart

1 Cheap Steel Stock to Buy This September

This steel stock could be a value pick for investors to capitalize on a recovery in the European market.

Wallpaper

Behind the scenes: how the Paris 2024 Olympic and Paralympic Torches, Rings, and Agitos came to life

ArcelorMittal’s three-part video series offers a first look behind the scenes of how the Paris 2024 Olympic and Paralympic creative vision was ignited

Motorsport

Brazilian Stock Car Pro Series reveals first new SUV car for 2025

The first of the new SUV models that will race in next year’s Brazilian Stock Car Pro Series will act as the pace car for the series’ next round in Goiania.

The Independent UK

Campaigners criticise Olympic sponsorship deals with high-emitting firms

Campaigners cited Paris 2024 sponsors Toyota, Air France and steel giant ArcelorMittal.

The Guardian - UK

Methane emissions from gas flaring being hidden from satellite monitors

Use of enclosed combustors leaves regulators heavily reliant on oil and gas companies’ own flaring data

International Business Times

Italy Takes Over Troubled Steel Mill

Following months of unsuccessful talks, the Italian government Monday launched a temporary state takeover of a troubled steel mill that that is majority-owned by steel giant ArcelorMittal, according to sources close to the situation.

International Business Times

Chance For Italy's Toxic Steelworks To Finally Go Green

Doctor Maria Grazia Serra's patients have been "breathing, eating and drinking" toxins from Taranto's steelworks for decades, but a dispute over the vast Italian plant could finally see its ecological conversion.

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