Reportedly, French Industry Minister Arnaud Montebourg on Monday said that ArcelorMittal was not keeping promises to French government over the plant issue in Florange industry. Suffered from the profit losses over years, ...
Tags: the profit losses, the world's largest steelmaker, blast furnaces
BBC News reported that Mr Arnaud Montebourg French minister for industrial recovery, accusing the steelmaker of lying and disrespecting the country, has said that ArcelorMittal is no longer welcome in France. Mr Montebourg told French ...
Tags: French minister, Arnaud Montebourg, ArcelorMittal, furnace
French media reported that French President Mr François Hollande will meet with Mr LN Mittal CEO of ArcelorMittal on Tuesday as a showdown over the company's French operations continues a day after a government minister criticized ...
Tags: Francois Hollande, LN Mittal, steel magnate
PTI reported that Vedanta group firm Sesa Goa may have to resort to imports of iron ore for feeding its 625,000 tonnes pig iron plant in Goa, expanded from 250,000 tonnes in August 2012, due to a mining ban in the state. Mr PK Mukherjee ...
Tags: pig iron plant, Sesa Goa, iron ore, iron
Steel demand worldwide is growing slower than forecast, eroding profit at producers including ArcelorMittal and Tata Steel Ltd. (TATA) and forcing investors to revise their 2012 outlook for the $430 billion industry. Global use of the alloy ...
Tags: Market View, steel, raw material