Business /Steel News

All Themes

Business

Education

Mittal Steel reports operating profit growth

YAHOO

Reuters - The world's biggest steelmaker, Mittal Steel , which is buying its closest rival, Arcelor , said on Wednesday that its second quarter operating profit rose nearly 50 percent from the previous period.

Mittal Steel Owns 92% Of European Steel Maker Arcelor

AHN

Mittal Steel, the world's biggest steel producer, announced that it controls 91.88 percent of European steel maker Arcelor following its 25-billion-euro takeover bid, reported the Times News Network. "I am delighted at this result which is a resounding endorsement of the strategic logic and value...

US Steel profit up on higher prices

YAHOO

Reuters - United States Steel Corp. said on Tuesday that second-quarter profit rose as income from its flat-rolled products segment increased on higher prices combined with relatively flat costs.

Arcelor Keeps Friendship With Severstal Despite Breaking The Deal

AHN

The European steel group Arcelor kept in contact with Severstal despite earlier breaking its deal with the Russian company to merge with Mittal Steel. Luxembourg Foreign Minister Jean Asselborn said "As far as I know, contacts and ties are being kept up," hoping that "they will find common...

Mittal Steel may not buy out Arcelor Brazil units

YAHOO

Reuters - Mittal Steel , which is taking over rival steelmaker Arcelor , said on Tuesday it might not have to buy out minority shareholdings in Arcelor's two Brazilian subsidiaries, Acesita S.A. and Arcelor Brasil S.A., as previously expected.

	Categories		Latest Steel News		Related:
	Business Links Trade links		Mittal announces final timetable for Arcelor offer YAHOO Reuters - Mittal Steel Co NV said on Wednesday it was announcing the final approval and timetable of its agreed tender offer for rival steelmaker Arcelor . Sources: YAHOO SABMiller To Buy Two Drink Brands For $215 Million AHN Miller will purchase two alcoholic drink brands for $215 million. SABMiller Plc, the parent company of the Miller Brewing Co. will buy the McKenzie River Corp. to acquire Sparks, a caffeinated alcohol malt beverage, and Steel Reserve, a lager beer.... Sources: AHN Severstal's Mordashov may drop Arcelor bid: report YAHOO Reuters - Russian steelmaker Severstal's owner Alexei Mordashov may drop his bid for a stake in Arcelor and accept 140 million euros (97 million pounds) in compensation, a Russian newspaper said on Thursday. Sources: YAHOO Severstal eyeing bid for Corus: dealers YAHOO Reuters - Russian steel firm Severstal is mulling a bid for Anglo-Dutch rival Corus , just days after its merger attempt with Luxembourg's Arcelor was derailed, dealers said on Wednesday. Sources: YAHOO Mittal told French MPs confident about Arcelor vote YAHOO Reuters - Mittal Steel Chairman Lakshmi Mittal told French members of parliament on Wednesday he was confident Arcelor shareholders would reject a link with Russia's Severstal , a French lawmaker said. Sources: YAHOO Mittal heads for Luxembourg to toast Arcelor deal YAHOO Reuters - Steel magnate Lakshmi Mittal will outline on Monday his vision for the world's largest steelmaker, forged by the merger of Mittal Steel and Arcelor in Luxembourg where five months ago he was spurned as a corporate raider. Sources: YAHOO Arcelor agrees to merger deal with Mittal Steel YAHOO Reuters - European steel maker Arcelor has agreed to a 100 percent takeover bid made by world sector leader Mittal Steel , creating a global steel giant that will dwarf its rivals, its chairman said on Sunday. Sources: YAHOO Mittal Wins Arcelor Deal AHN Mittal Steel Co. on Sunday won the historic Arcelor deal ending the five-month old takeover war to forge the world's largest steel firm. Sources: AHN Mittal, Arcelor agree deal: report YAHOO Reuters - Two Indian television channels on Sunday reported that steel makers Mittal Steel and Arcelor had reached a merger agreement in principle and the new company would be called Arcelor Mittal. Sources: YAHOO Severstal gets positioned to counter Mittal: source YAHOO Reuters - Russian steelmaker Severstal was on Saturday jostling to thwart any potential raised Mittal Steel offer for rival steelmaker Arcelor as the battle for Arcelor nears its climax, said a source familiar with the matter. Sources: YAHOO Arcelor and Mittal said near peace deal YAHOO Reuters - Steel firms Mittal and Arcelor are drawing close to a friendly merger deal that would end a six-month hostile bidding war and forge the world's largest steel company, French newspaper La Tribune reported on Friday. Sources: YAHOO Mittal faces pressure to up Arcelor bid YAHOO Reuters - The world's biggest steelmaker Mittal faced further pressure to raise its 23-billion-euro ($29-billion) bid for rival Arcelor after Russian suitor Severstal improved its friendly merger offer. Sources: YAHOO Mittal Steel says outcome of Arcelor talks uncertain YAHOO Reuters - Mittal Steel , the world's largest steel producer by volume, said on Tuesday that talks with takeover target Arcelor were continuing but the likely result was uncertain. Sources: YAHOO Mittal more confident of Arcelor bid success: report YAHOO Reuters - Mittal Steel is increasingly confident it can convince Arcelor shareholders to back its offer to buy the European steel maker and pressure management into dropping its resistance, Mittal's chief executive said in a newspaper interview. Sources: YAHOO Arcelor says met with Mittal, more talks to come YAHOO Reuters - Arcelor and Mittal , the world's two largest steel companies, have begun talks about a possible takeover, Arcelor said, more than four months after rejecting Mittal's overtures. Sources: YAHOO Arcelor to make statement on Mittal decision YAHOO Reuters - Arcelor's chairman said the steelmaker would issue a statement at 0500 GMT on Monday about its board's decision on a 22 billion euro ($27.9 billion) takeover offer from rival Mittal Steel . Sources: YAHOO Arcelor board faces decision on rebel shareholders YAHOO Reuters - Arcelor's board meets on Sunday on how to respond to shareholders opposed to a "white knight" deal that would save the steelmaker from Mittal Steel's unsolicited 22 billion-euro ($27.8 billion) bid. Sources: YAHOO Gold producers see good times ahead YAHOO Reuters - Some of the froth has been blown off the top of the gold market, but that has not rattled the big producers who agree that prices are unlikely to drop to levels seen just before the millennium turned six years ago. Sources: YAHOO U.S. service economy grows at slower pace YAHOO AP - The service sector of the U.S. economy expanded in May, but at a slower pace than in April, a private survey of supply managers said on Monday. Sources: YAHOO Mittal says Arcelor-Severstal Eurocentric: paper YAHOO Reuters - Lakshmi Mittal, chief executive of Mittal Steel , says takeover target Arcelor's proposed acquisition of Russia's Severstal would create a company that is too dependent on European demand, according to a newspaper interview. Sources: YAHOO		Other aggregators

Pages:

[1] [2] [3]

Add Steel headlines to your website!