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India

ArcelorMittal SA (MTS.MC)

MTS.MC on Madrid SE C.A.T.S.

23.67EUR
17 Nov 2017
Change (% chg)

€-0.06 (-0.27%)
Prev Close
€23.73
Open
€23.94
Day's High
€23.99
Day's Low
€23.41
Volume
412,357
Avg. Vol
712,723
52-wk High
€26.51
52-wk Low
€17.72

Latest Key Developments (Source: Significant Developments)

Arcelormittal Q3 EBITDA up at 1.92 billion euros
Friday, 10 Nov 2017 

Nov 10 (Reuters) - Arcelormittal Sa :ARCELORMITTAL REPORTS THIRD QUARTER 2017 RESULTS.Q3 EBITDA $ ‍​ 1.92 BILLION VERSUS $1.86 BILLION IN REUTERS POLL.ARCELORMITTAL - ‍NOW EXPECTS A FULL YEAR 2017 INVESTMENT IN WORKING CAPITAL OF APPROXIMATELY $2.0 BILLION VERSUS $1.5 BILLION PREVIOUSLY​.Q3 EBITDA/TONNE $ ‍​89 VERSUS $93 YEAR AGO.Q3 STEEL SHIPMENTS 21.7 ‍​ MT VERSUS 21.3 MT IN REUTERS POLL.ARCELORMITTAL SA - ‍"WE OPERATE IN A COMPETITIVE GLOBAL ENVIRONMENT WHICH IS CHARACTERIZED BY OVERCAPACITY AND HIGH LEVELS OF IMPORTS"​.Q3 REVENUE $17.64 ‍​ BILLION VERSUS $16.82 BILLION IN REUTERS POLL.Q3 NET INCOME ATTRIBUTABLE TO EQUITY HOLDERS OF PARENT $ 1.21 BILLION VERSUS $735 MILLION IN REUTERS POLL.ARCELORMITTAL SA - ‍MARKET CONDITIONS ARE FAVORABLE​.ARCELORMITTAL - ‍DEMAND ENVIRONMENT REMAINS POSITIVE AND STEEL SPREADS REMAIN HEALTHY​.Q3 IRON ORE SHIPPED AT MARKET PRICE ‍​ 9.1 MT VERSUS 8.1 MT YEAR AGO.Q3 CRUDE STEEL PRODUCTION ‍​ 23.6 MT VERSUS 22.6 MT YEAR AGO.Q3 OWN IRON ORE PRODUCTION ‍​14.2 MT VERSUS 13.7 MT YEAR AGO.ARCELORMITTAL SA - GLOBAL APPARENT STEEL CONSUMPTION FORECAST TO INCREASE BY +2.5% TO +3.0% IN 2017 ‍​.ARCELORMITTAL - IN CHINA, DEMAND GROWTH EXPECTED DUE TO STRENGTH IN AUTOMOTIVE AND MACHINERY‍​.ARCELORMITTAL - ASP WERE 1.5% HIGHER THIS QUARTER AS COMPARED TO 2Q DUE TO IMPROVED PRICES IN EUROPE (+3.5%) AND ACIS (+3.3%).  Full Article

ArcelorMittal keeps forecast for 2017 steel demand growth
Friday, 10 Nov 2017 

Nov 10 (Reuters) - Arcelormittal :Says sees global apparent steel consumption growing by between 2.5 and 3.0 percent in 2017. Same forecast as made in July.  Full Article

Black Iron provides update on go forward development plan
Monday, 30 Oct 2017 

Oct 30 (Reuters) - Black Iron Inc :Black Iron provides update on go forward development plan.Black Iron - PEA for ‍Shymanivske Iron Ore project expected to be completed in mid-Q4; co expects it to show "extremely favourable" economics​.Black Iron - co to initiate discussions with debt finance sources including European Bank For Reconstruction And Development.  Full Article

ArcelorMittal says two Canandian units reached an agreement in principle with USW
Monday, 8 May 2017 

May 8 (Reuters) - ArcelorMittal SA ::ArcelorMittal Mining Canada G.P., ArcelorMittal Infrastructure Canada G.P. reach an agreement in principle with United Steelworkers Union.  Full Article

S. Africa's Competition Commission says Arcelormittal to pay r1.5 billion fine
Monday, 22 Aug 2016 

: Arcelormittal to pay r1.5 billion fine for its involvement in cartels Further company coverage: [ACLJ.J] ((Bengaluru Newsroom +918067491136;)).  Full Article

Arcelormittal Q2 EBITDA $1.8 billion
Friday, 29 Jul 2016 

Arcelormittal : Q2 iron ore shipped at market price 9.6 mt versus 10.8 mt year ago . Q2 crude steel production 23.1 mt versus 24.0 mt year ago . Despite steel spread recovery losing momentum in recent weeks, impact of lagged prices will be an important support for results as we move into a period of seasonally slower steel demand . Expects cash flows from operating activities to exceed capex in 2016 . Q2 sales $14.74 billion versus $15.32 billion in Reuters poll . Increased uncertainty post brexit, is likely to slow economic recovery, albeit largest impact to be felt in uk, which represents only 2% of co's shipments . Expects fy 2016 ebitda to be in excess of $4.5 billion . In China, robust infrastructure and automotive continue to support demand, while growth in real estate has lost momentum . Operating income of $1.9 billion in 2Q . Ebitda of $1.8 billion in 2Q 2016, nearly double as compared to $0.9 billion in 1Q; $1.57 billion expected in Reuters Poll . Steel shipments of 22.1mt in 2Q 2016, an increase of 2.9% as compared to 1Q 2016 . Q2 own iron ore production 13.5 mt versus 16.4 mt year ago . Q2 steel shipments 22.1 mt versus 22.2 mt year ago . Industry continues to face challenges of structural overcapacity . Seeing better market conditions compared with second half of 2015 which lead us to be cautiously optimistic about remainder of year.  Full Article

Arcelormittal and Marcegaglia submit offer to acquire Ilva
Thursday, 30 Jun 2016 

Arcelormittal : Arcelormittal and Marcegaglia submit offer to acquire Ilva . Intention to increase Ilva's primary utilisation rate, with crude steel production rising to over 6 million tonnes per annum by 2020 .Major capital expenditure programme aimed at enhancing Ilva's asset capabilities.  Full Article

United Steelworkers members ratify new contract with ArcelorMittal USA
Thursday, 23 Jun 2016 

United Steelworkers: Members have ratified a new contract with Arcelormittal USA .Contract sets terms of employment for nearly 14,000 hourly production, maintenance, office, technical workers through Sept 1, 2018.  Full Article

Arcelormittal announces results of offer to purchase notes due June 1, 2019
Thursday, 19 May 2016 

Arcelormittal SA :Aannounces results of offer to purchase for cash any and all of its 9.850 pct notes due June 1, 2019.  Full Article

ArcelorMittal announces offer to purchase notes due June 1, 2019
Wednesday, 11 May 2016 

ArcelorMittal SA :Announces offer to purchase for cash any and all of its 9.850 pct notes due June 1, 2019.  Full Article

TABLE-Kazakhstan's Jan-Oct copper, steel, zinc output rises

ALMATY, Nov 17 Kazakhstan's January-October refined copper output rose 2.8 percent and crude steel output jumped 8.5 percent, while refined zinc production climbed 1.0 percent, Statistics Committee data showed on Friday. London-listed copper miner KAZ Minerals and Glencore's Kazzinc account for a large part of Kazakhstan's metals production. ArcelorMittal owns the country's only major steel plant in Temirtau. The Statistics Committee provided the following data on Kaz