ArcelorMittal Launches Voluntary Separation Programmes

ArcelorMittal is today meeting with its European Works Council to present voluntary separation programmes to be launched across the group. This is to help achieve the company’s stated aim of reducing SG&A (Selling, General and Administrative) expenditure by US$1 billion in response to the current... Read more..

Arcelormittal is Confident on a Sustainable Steel Pricing Environment

ArcelorMittal believes that due to the cost increases in raw materials and steel equipment, steel pricing will continue to remain structurally strong. Yesterday’s announcement from South Africa reflects specific currency developments and local price mechanisms. However globally ArcelorMittal will generally... Read more..

ArcelorMittal and Kalagadi Manganese Announce the Unconditional Participation of ArcelorMittal in Kalagadi Manganese

Following the announcement on 20 November 2007, in which Kalagadi Manganese and ArcelorMittal announced the finalisation of an agreement confirming the selection of ArcelorMittal as a joint venture partner in developing Kalagadi’s manganese deposits, the Parties have today announced that all conditions... Read more..

ArcelorMittal Takes Full Control of Its Stainless Service Centre in Turkey and Will Gradually Double Its Operations

ArcelorMittal and Primex (Germany) have reached an agreement whereby ArcelorMittal Stainless International is acquiring the 35% stake in Uginox Sanayi ve Ticaret Limited Sirketi (“Uginox”) which was owned by Primex. Uginox was formed in 1997 as a 65/35 joint venture between Arcelor and Primex. Uginox... Read more..

ArcelorMittal Enhances Its Distribution Activities in United Arab Emirates

ArcelorMittal, the world’s largest integrated metals and mining company, announces that it intends to acquire 60% of the entire issued share capital of DSTC FZCO, a newly incorporated company located in the Dubai free zone. Together with DSTC FZCO, ArcelorMittal is widening its offering in the Middle... Read more..

Champion Minerals Completes Initial Field Work on Fermont Iron Property

CHAMPION MINERALS INC. provide shareholders with an update on results of the initial field work completed to date as part of the Phase 1 exploration program on the 15 mineral concessions (refer to the appended table for a complete listing of concessions), of the Fermont Iron Property (the “Property”)... Read more..

Harsco Receives $60 Million Contract for On-site Environmental Services to Steel Plant

Worldwide industrial services company Harsco Corporation (NYSE:HSC) announced that its worldwide mill services division has been awarded a new ten-year contract valued at more than $60 million over its duration to provide on-site environmental services to ArcelorMittal’s massive Dunkirk steel works... Read more..