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Latest ArcelorMittal SA Stories

2011-07-11 05:10:00

ST. LOUIS, July 11, 2011 /PRNewswire/ -- Peabody Energy (NYSE: BTU) and ArcelorMittal SA (NYSE: MT) today confirmed that they have jointly submitted an indicative proposal to the board of directors of Macarthur Coal Ltd. (ASX: MCC) to acquire all of the shares of the company. Under the proposal by a newly formed company, owned 60 percent by Peabody and 40 percent by ArcelorMittal, Macarthur shareholders would be offered a cash price of A$15.50 per share through an off-market takeover...

2008-09-05 00:00:19

ArcelorMittal SA said Wednesday that it is not planning to reduce steel prices across the board despite a move to cut prices in South Africa. The world's largest steelmaker has raised prices this year on soaring costs for energy and iron ore, as it also faced less competition from lower-priced Asian rivals. ArcelorMittal shares sank in South African trading on Tuesday after a company official was quoted in a news report as saying that it would cut prices for steel used in construction --...

2008-08-28 00:00:30

By Daniel Lovering PITTSBURGH - The United Steelworkers union has asked more than 14,000 members at facilities run by ArcelorMittal, the world's largest steelmaker, to allow it to call a strike if ongoing contract negotiations fail. The Pittsburgh-based labor union said in a notice distributed at 14 plants nationwide that a "lack of progress" in the talks, which began four months ago, prompted the strike authorization vote scheduled for today. The union has been negotiating with...

2008-08-05 18:00:29

By Chris Buckley, The Valley Independent, Monessen, Pa. Aug. 5--MONESSEN -- For most of the veteran workforce at the coke plant, Monday's informal meeting with company officials was something they had seen before. The current employer was announcing that the 67-year-old coke plant was being sold. The difference this time was the workers left the plant at day's end confident they will be punching timecards for years to come. On Monday, Koppers Holdings Inc., of Pittsburgh, announced...

2008-08-05 03:00:34

By Joe Napsha, The Pittsburgh Tribune-Review Aug. 5--Koppers Holdings Inc. of Pittsburgh said Monday it is selling its Monessen coke plant to the world's largest steelmaker for $160 million in a deal that will end its involvement in the coke-making business. Koppers Inc., a subsidiary of Koppers Holdings, said it expects the sale to ArcelorMittal SA of Luxembourg to be completed in the fourth quarter. The deal is subject to regulatory approvals. The sale would affect about 180...

2008-08-05 00:00:29

By Joe Napsha Koppers Holdings Inc. of Pittsburgh said today it signed a deal to sell its metallurgical coke-producing plant in Monessen to ArcelorMittal SA for about $160 million. Koppers operates the coke plant in southern Westmoreland County. It expects the sale to be completed in the fourth quarter, subject to regulatory approvals. ArcelorMittal, the world's largest steelmaker, currently purchases all of the coke produced at the plant. The Monessen plant has an annual production of...


Word of the Day
glogg
  • Scandinavian punch made of claret and aquavit with spices and raisins and orange peel and sugar.
This word comes from the Swedish 'glogg,' which is an alteration of 'glodgat,' mulled (wine).
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