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Latest Mittal Steel Company Stories

2010-10-12 14:07:00

KIEV, Ukraine, October 12, 2010 /PRNewswire/ -- The representatives of Arcelor-Mittal have expressed their willingness to get back to negotiations of the investment agreement with the Ukrainian government. They made this statement after the Kyiv City Commercial Court had droppedthe case upon the withdrawal of the General Prosecutor's claim. Cristophe Cornier, Vice President and Management Board Member, Arcelor-Mittal, said "We welcome the decision to stop these proceedings. We are...

2008-10-03 00:00:17

Koppers Holdings Inc. of Pittsburgh said Wednesday it completed previously announced $160 million sale of its metallurgical coke plant in Monessen to Arcelor Mittal Holdings Inc. Koppers expects to get $90 million in cash from the sale. Arcelor Mittal had been buying all of the Monessen plant's annual production of 320,000 metric tons of coke. Arcelor Mittal said the acquisition is a step toward increasing its self-sufficiency in coke production. Originally published by The Tribune-Review....

2008-10-01 09:00:31

Text of report by Indian news agency PTI New Delhi, [Tuesday] 30 September: World's leading steel makers including Posco and Arcelor Mittal have asked the government to speed up allocation of iron ore mines, saying they are critical for their green field projects planned in India. The steel majors also want the centre to ensure mineral linkages and fast statutory clearances for timely completion of their billion- dollar steel projects. "Among the major impediments that the investors...

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...

2008-08-27 21:00:00

By Fred O. Williams Steelworkers in Lackawanna and around the nation are voting today on whether to authorize a strike against ArcelorMittal, the owner of an endangered mill here with over 200 jobs. A key issue in contract talks is the global steelmaker's commitment to invest in its U.S. plants, said William J. Pienta, District 4 director of the United Steelworkers of America in Cheektowaga. "If the company doesn't want to reinvest, they don't have to tell you they're shutting down," he...

2008-07-30 03:00:35

Regulatory News: ArcelorMittal (referred to as "ArcelorMittal", or "the Company") (New York: MT; Amsterdam: MT; Madrid: MTS; Paris: MTP; Brussels: MTBL; Luxembourg: MT), the world's leading steel company, today announces results for the three and six month periods ended June 30, 2008. H108 highlights: -- Sales of $67.6 billion, up 31% compared with H107 -- EBITDA(1) of $13.1 billion, up 35% compared with H107 -- Net Income of $8.2 billion, up 65% as compared with...

2008-07-16 15:00:45

Excerpt from report by Interfax-Ukraine news agency Dnipropetrovsk, 16 July: The trade union of steel industry workers and miners of Ukraine [TUSIWMU] and the trade union committee of the Arcelor Mittal Kryvyy Rih steel plant (formerly known as Kryvorizhstal) have got no complaints about the fulfilment of social programmes by the plant's owner [one of the world's largest steel producers, Mittal Steel], the head of the TUSIWMU's central committee, Volodymyr Kazachenko, said. "I do not want...

2008-07-15 09:01:06

Text of report by commercial, news-based 5 Kanal TV on 15 July The Mittal Steel company, the owner of the Kryvyy Rih steel plant [formerly known as Kryvorizhstal], has said in a press release that it has fulfilled all the investment obligations the company committed itself to when purchasing Kryvorizhstal. Mittal Steel released the statement after the State Property Fund of Ukraine said that the agreement on the Kryvorizhstal sale should be revoked due to [Mittal Steel's alleged] failure...

2008-07-14 21:00:24

KYIV. July 14 (Interfax) - The Ukrainian Property Fund has sent the government a letter informing it about several investment commitments that were not fulfilled in 2007 by Mittal Steel Germany GmbH as part of an agreement it signed on the purchase of a 93.02% stake in steelmaker Kryvorizhstal (now Arcelor Mittal Kryviy Rih) and has requested that 72.725 million hryvni be allocated for court processes on the annulment of this agreement, the fund said on Monday. Under the terms of the...

2008-07-14 12:00:46

Text of report by commercial, news-based 5 Kanal TV on 14 July The State Property Fund wants to return Kryvorizhstal [Ukraine's biggest steelworks] to the state. The fund believes it is necessary to terminate the agreement with Mittal Steel company, the fund's press service has reported. The reason for this is failure to meet the [investment] commitments by the international company. In particular, the new owner does not meet conditions in the public and environmental sectors. The State...


Word of the Day
holluschickie
  • A 'bachelor seal'; a young male seal which is prevented from mating by its herd's older males (mated bulls defending their territory).
This comes from the Russian word for 'bachelors.'
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