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The Latest Breaking News from ArcelorMittal

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…

Newslaundry

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.

Barchart

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

Wallpaper

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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.

Motorsport

Campaigners criticise Olympic sponsorship deals with high-emitting firms

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

The Independent 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

The Guardian - UK

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

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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.

International Business Times

ArcelorMittal Wants 'Amicable' Deal On Italy Steelworks

ArcelorMittal has again offered to sell its stake in a huge Italian steelworks after Rome moved to put it under state supervision, according to a letter cited by the ANSA news agency Saturday.

International Business Times

ArcelorMittal to invest €1.8 billion to decarbonise its northern France site

Steelmaker ArcelorMittal is to invest up to 1.8 billion euros to reduce carbon emissions at its Dunkirk steelworks, with financial support from the state, the French government announced Sunday.

Radio France Internationale

U.S. Steel's $14.9 Billion Price Tag Jolts Steel Stocks, But Why?

Japan's Nippon Steel has won the bidding war for U.S. Steel, with the $15 billion price providing a jolt to other steel stocks, including CLF, NUE and STLD.

Investors Business Daily

Kazakhstan mine fire death roll rises to 42

Kazakhstan's emergency ministry says the death toll from a fire at a coal mine has risen to 42

The Independent UK

Dozens of miners killed in fire inside Kazakhstan coal mine

Rescue operation under way to find missing miners after methane explosion at a mine owned by steel giant ArcelorMittal.

Al Jazeera

At least 21 dead in Kazakhstan coal mine fire

A coal mine fire in central Kazakhstan has killed at least 21 workers while another 25 remained unaccounted for, the operating company ArcelorMittal Temirtau said in a statement

The Independent UK

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France 24

Fire at ArcelorMittal mine in Kazakhstan more than 30 people

Kazakhstan said on Saturday that 32 people were killed in a fire in yet another deadly accident in a mine owned by ArcelorMittal, with over a dozen still missing, in the Central Asian country's worst disaster in years.

StockNews.com

3 Stocks to Add Some Exposure to Steel

After a challenging 2022, the steel demand is expected to rise thanks to the reopening of the Chinese economy, easing inflation, and America’s infrastructure development initiatives. To that end, it could be wise to buy fundamentally strong steel stocks ArcelorMittal (MT), Commercial Metals Company (CMC), and Aperam (APEMY). Read more.

AFP

Germany to open its doors as labour shortage bites

Eisenhüttenstadt (Germany) (AFP) - An apprenticeship at a steelmaker brought Steven Maillot from the French island of Reunion in the Indian Ocean to Eisenhuettenstadt in Germany, a stone's throw from the Polish border.

The Independent UK

US company gets $120 million boost to make 'green steel'

The manufacture of “green steel” moved a step closer Friday as Massachusetts-based Boston Metal announced a $120 million investment to help it produce steel that is far less damaging to the climate than traditional steel

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Investors Business Daily

ArcelorMittal Stock Hits 80-Plus Relative Strength Rating Benchmark

ArcelorMittal ADR shows rising price performance, earning an upgrade to its IBD Relative Strength Rating from 68 to 81.

Birmingham Post

New home for steel manufacturer ArcelorMittal

Company has taken new space at Friars Gate in Solihull

AFP

ArcelorMittal net profit plummets

Paris (AFP) - ArcelorMittal, the world's number-two steel maker, saw its net profit tumble by 78 percent in the third quarter of 2022 as metal prices fell from "exceptional" levels during the post-Covid recovery and energy prices soared.

Reuters

Five dead after methane leak at ArcelorMittal coal mine in Kazakhstan

Five people died and four others were hospitalised after a methane gas leak at an ArcelorMittal coal mine in Kazakhstan on Thursday, the company said.

AFP

Idled plants fuel German angst about de-industrialisation

Hamburg (AFP) - The familiar plume of smoke no longer billows from one of the two chimneys at ArcelorMittal's massive steelworks in Hamburg's harbour.

AFP

Ukrainian heavy industry ground down by Russia's war

Kryvyi Rih (Ukraine) (AFP) - Usually the engine-room of the Ukrainian economy, heavy industry has fallen victim to Russia's invasion, with output ground down under the pressure of the war.

The Guardian - UK

Recession fears shake Germany as energy costs hit business

Olaf Scholz travels to UAE to secure gas supplies amid concern that crisis is out of control

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