ArcelorMittal ADR (MT) News
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Latest MT News From Around the Web
Below are the latest news stories about ARCELORMITTAL that investors may wish to consider to help them evaluate MT as an investment opportunity.
Designated person notificationWith reference to Article 19(3) of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (Market Abuse Regulations), ArcelorMittal announces that notifications of share transaction by a Designated Person (i.e. Directors or Executive Officers) are available in the Luxembourg Stock Exchange’s electronic database OAM on www.bourse.lu and on ArcelorMittal’s web site www.arcelormittal.com under Investors > Share Transactions by Management: https:// |
ArcelorMittal South Africa Decides on Winding Down Longs BusinessWeak domestic markets for long steel products have led MT's South Africa division to wind down its Longs business. |
ArcelorMittal South Africa to shut down long steel productionSteel production at the facility is set to halt by the end of January 2025, with the closure of remaining operations planned in the first quarter (Q1). |
ArcelorMittal South Africa To Cut 3,500 Jobs Amid Economic StrugglesArcelorMittal South Africa, a unit of steel manufacturing company ArcelorMittal (NYSE:MT) has made a major restructuring decision to wind down its Longs Business, having significant consequences on its workforce. Production at the Longs Business is expected to halt by the end of January 2025, and the remaining processes will wind down by the first quarter of the year. The company stated that this move will impact approximately 3,500 direct and indirect jobs, with an even larger economic impact o |
ArcelorMittal to Close South Africa Site With 3,500 Jobs at Risk(Bloomberg) -- ArcelorMittal South Africa Ltd. will close its business making long-steel products, after months of consultations with the government failed to stave off the threat to thousands of jobs.Most Read from BloombergIs This Weird Dome the Future of Watching Sports?NYC Congestion Pricing to Take Effect After Years of DelaysNYC Congestion Pricing Takes Effect After Years of DelaysDon’t Shrink the BusCan American Drivers Learn to Love Roundabouts?The Johannesburg-listed subsidiary of Laksh |
Romanian Steel Industry Feels the Pinch of Economic SlowdownArcelorMittal Hunedoara, a major Romanian steel producer, is reducing production and cutting worker hours due to a lack of orders and economic difficulties. |
Blue Chip Companies Are Ditching ESG Terms From Their Loans(Bloomberg) -- Some companies that once saw a benefit in adding ESG claims to their borrowing are now backing away.Most Read from BloombergNYPD Car Chases Are Becoming More Frequent — and More DangerousMercedes-Benz Group AG, Equinor ASA and ArcelorMittal SA have all dropped dropped ESG (environmental, social, governance) labels from revolving credit facilities this year, according to data compiled by Bloomberg that has been confirmed by the companies.Norway’s biggest oil and gas company rolled |
ArcelorMittal & LanzaTech Announce Ethanol Production MilestoneMT's Steelanol factory facility can produce 80 million liters of advanced ethanol per year, which accounts for roughly half of Belgium's current consumption. |
ArcelorMittal and LanzaTech Announce Ethanol Production Milestone and Shipment of First Barge from Flagship Steelanol Facility in BelgiumCHICAGO, Dec. 11, 2024 (GLOBE NEWSWIRE) -- LanzaTech Global, Inc. (NASDAQ: LNZA) (“LanzaTech”), the carbon recycling company transforming above-ground carbon into sustainable fuels, chemicals, materials, and protein, and ArcelorMittal S.A. (NYSE: MT) (“ArcelorMittal”), the world’s leading integrated steel and mining company, today announced that ethanol from ArcelorMittal's commercial flagship Steelanol facility in Ghent, Belgium, has achieved a production milestone whereby ethanol volumes have |
ArcelorMittal Announces Pricing of Bond IssueArcelorMittal priced yesterday an offering of €500,000,000 3.125 per cent notes due 13 December 2028 (the “2028 Notes”) and €500,000,000 3.500 per cent notes due 13 December 2031 (the “2031 Notes” and together with the 2028 Notes, the "Notes"). The Notes will be issued under ArcelorMittal’s €10,000,000,000 wholesale Euro Medium Term Notes Programme. The proceeds of the issuance will be used for general corporate purposes and refinancing of existing indebtedness. The offering is scheduled to clos |