ArcelorMittal stock recently plunged to a 52-week low of $4.29 a share and remains mired under $5 a share at a time when the steel industry as a whole is struggling. Analysts have called on the ...
GENT, Belgium, May 22, 2024 (GLOBE NEWSWIRE) -- ArcelorMittal and partners Mitsubishi Heavy Industries, Ltd. (MHI), BHP, along with Mitsubishi Development Pty Ltd (Mitsubishi Development) have ...
ArcelorMittal will idle blast furnace No. 3 at its D?browa Górnicza plant due to unviable margins driven by weak steel prices and high operational costs. The move follows a steep decline in steel ...
ArcelorMittal shares fell on Tuesday after the steelmaking giant said it would be delaying plans to replace its existing coal-fired blast furnaces with new "hydrogen ready" facilities, citing a lack ...
WARSAW, Oct 20 (Reuters) - ArcelorMittal , the world's top steelmaker, is considering temporarily closing a blast furnace at its plant in Dabrowa Gornicza, Poland, due to weaker steel demand in Europe ...
ArcelorMittal has restarted a blast furnace, which should help stabilize employment there, but also idled several production lines at its Indiana Harbor steel mill in East Chicago. The ...
ArcelorMittal MT has started constructing new premises at its site in Ghent, Belgium to build a new installation that will convert carbon-containing gas into bioethanol from its blast furnaces. In ...
ArcelorMittal today confirms the construction of an electric arc furnace (EAF) at its steelmaking site in Dunkirk – a strategic €1.3 billion investment which marks a major step in the decarbonisation ...
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