ArcelorMittal reports higher-than-expected Q3 profit
By Marine Strauss BRUSSELS (Reuters) -ArcelorMittal, the world’s second-largest steelmaker, “continued to demonstrate structurally improved profitability,” it said on Thursday after reporting higher-than-expected third-quarter earnings. The group said it still expected global…
Mexico union strikes at ArcelorMittal plant over profit-sharing
MEXICO CITY – Mexico’s national union of mining and metallurgical workers launched a strike on Wednesday at an ArcelorMittal plant after labor representatives failed to reach agreement with the steelmaker over profit-sharing,…
South African labour union to strike at ArcelorMittal over wages
CAPE TOWN – South Africa’s metal-workers’ union said it will launch a wage-related strike on Wednesday at ArcelorMittal South Africa Ltd after talks with the management over salary hikes hit a deadlock.…
ArcelorMittal increases buyback program, sees global steel dip
By Marine Strauss BRUSSELS – ArcelorMittal reported higher-than-expected core profit in the first quarter on Thursday, but said it now forecast a slight contraction in global steel demand this year, with a…
ArcelorMittal idles three plants in Spain after truckers strike disrupts supplies
MADRID – Steel giant ArcelorMittal said on Tuesday it had idled three steel mills in Spain and partly closed two others after a two-week truckers strike disrupted supplies of scrap metal, iron…
ArcelorMittal raises dividend, announces new $1 billion capital return
By Marine Strauss BRUSSELS – ArcelorMittal, the world’s second largest steelmaker, said on Thursday it would increase its dividend and announced a new $1 billion capital return for the first half of…
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