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Liberia: ArcelorMittal Cars Are Not 'Free Gifts'

A Presidential aspirant from the Free Democratic Party (FDP) in the 2005 elections in the country, Mr. David Farhat, has disclosed that the 100 pick-ups recently donated to government by Arcelor Mittal Steel Company are not free gifts.

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HCL counter bid: its yesterday once more

There was a feeling of deja vu when HCL Technologies made a counter bid for Axon Plc on late Friday evening. India should remember the fierce battle waged by Mittal Steel and Tata Steel to acquire Arcelor and Corus a couple of years ago.

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Mittal Reacts to Civil Society Groups

Mittal Steel has sharply reacted to statements by groups from the civil society alleging that the 100 pick-ups recently donated to the government of Liberia by the company were intended to as bribery to win favor.

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Mittal Gift Sign of Pepperbush

Following the donation of pick-ups to the Government of Liberia by Mittal Steel, Catholic Justice and Peace and Commission (JPC) Executive Director Cllr. Augustine Toe has indicated that the donation from the world's largest company is another means of bribery intended to soften anything that will not be in its favor.

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Fire damages control room at Riverdale steel plant

A control room at a long-standing steel plant in south suburban Riverdale was badly damaged during a fire Tuesday night. A fire started about 8:30 p.m. inside a control room at Mittal Steel, 13500 S. Perry Ave., and was contained to the single room, a Riverdale Fire Department firefighter said. The fire was extinguished about 9:15 p.m. The [...]

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Property Fund For Imposing Fines On Germany's Mittal Steel For Breaking Purchase And Sale Agreement On Kryvorizhstal

Deputy head of the Property Fund Anatolii Hrynenko has announced this at a meeting of a special Verkhovna Rada's controlling commission for privatization in Kryvyi Rih.

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Lazard Lures Away Citi’s European Metals Banking Head

Lazard said Thursday that it has hired Spiro Youakim, the former head of Citigroup’s European metals and mining banking group, to serve in a similar function in London. Mr. Youakim, 40, was involved in some of the biggest deals in the red-hot sector over the past two years, including Mittal Steel’s takeover of Arcelor; Severstal’s mergers [...]

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Tymoshenko Says Mittal Steel Adheres To Kryvorizhstal Sale And Purchase Agreement

She announced this at a press briefing in the Cabinet of Ministers.

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Mittal Steel Sales Spike As Cummins Sells Trucks to China

This market likes heavy metal Yesterday, it was U.S. Steel (X) blowing away estimates. This morning, $118 billion (market cap) Arcelor Mittal (MT), based in Luxembourg, reported sales and profit for the second quarter ended June 30 that easily exceeded estimates as sales volume and revenue rose across the company’s geographies. Revenue of $37.8 billion in [...]

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Mittal’s Business Still Under Risk in Kazakhstan

As we reported earlier, Arcelor Mittal’s enterprise in Kazakhstan has been facing severe criticism for the conditions of work on the mines. Hundreds of miners perished in repeated accidents on Mittal Steel Temirtau, but only in last year the authorities of Kazakhstan took a firm stand in this issue after a series of workers’ [...]

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Ukraine: Kryvorizhstal

Ukrainiana writes on whether Arcelor Mittal Steel's Kryvorizhstal is to change hands again.

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Steel: The Top Is In II & III

Greg Newton submits: LONDON: The steel magnate Lakshmi Mittal joined the board of Goldman Sachs (GS) as an independent director, the company [Mittal Steel (MT)] announced Sunday, underlining the growing mutual dependence of the developing world and Wall Street's titans. Complete Story »

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Steel: The Top Is In Parts II, III

Greg Newton submits: LONDON: The steel magnate Lakshmi Mittal joined the board of Goldman Sachs (GS) as an independent director, the company [Mittal Steel (MT)] announced Sunday, underlining the growing mutual dependence of the developing world and Wall Street's titans. Complete Story »

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Pulling together a mammoth integration

Few industrial mergers in recent years have captured the business world's imagination quite like the combination of giants Arcelor and Mittal Steel.

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Mittal steel projects on schedule

Keonjhar, May 26: ArcelorMittal officials today exuded confidence that they would be able to commission its proposed greenfield steel plants in Orissa and Jharkhand on schedule.