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ArcelorMittal

ArcelorMittal Q3 earnings

October 28, 2009

ArcelorMittal announced Q3 2009 earnings this morning.  See the press release here and the results presentation here.  As can be seen on the Nerds of Steel earnings spreadsheet, shipments rose from 18.7 to 20.1 million tons and EBITDA per ton rose to $79 in Q3 from $65 in Q2.   The company has now achieved its […]

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Jeannot Krecké to be appointed* to ArcelorMittal’s Board of Directors

August 10, 2009

Luxembourg, 9 December 2009 – ArcelorMittal today announces that Georges Schmit will step down from his position as a member of the Board of Directors on 31 December, due to his appointment as Consul General of Luxembourg based in San Francisco.
In replacement of Mr. Schmit, the Board has co-opted Jeannot Krecké as an interim board member starting 1 January 2010. …

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ArcelorMittal Divests Minority Interest in Wabush Mines

August 8, 2009

Luxembourg, 9 October 2009 – ArcelorMittal has today signed a definitive agreement to divest its minority interest in Wabush Mines, Canada. ArcelorMittal’s 28.6% stake in Wabush Mines is being sold to Consolidated Thompson Iron Mines Ltd.(TSX Venture: CLM). ArcelorMittal will receive a consideration of USD34.28 million for the stake.
 ArcelorMittal’s stake in Wabush Mines is no longer a core part of the company’s mining strategy. …

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ArcelorMittal Q2 2009 earnings

July 29, 2009

This morning ArcelorMittal reported Q2 2009 financial results.  See the press release here.  EBITDA per ton improved to $65 in Q2, up from $50 in Q1.   This is the best number reported thus far among companies tracked in the Nerds of Steel earnings spreadsheet.

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ArcelorMittal Q1 2009 results

April 29, 2009

ArcelorMittal reported Q1 results this morning.  You can access the press release here and a slide presentation here.  The company had positive EBITDA per ton of $50 and expects slightly better results in Q2.  ArcelorMittal’s results have been added to the Nerds of Steel earnings spreadsheet.

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ArcelorMittal to launch an offer for joint control of a leading Indian re-roller

March 7, 2009

Luxembourg, 4 September 2009 (7.30 pm CET) – ArcelorMittal today announces its intention to launch a tender offer on Monday 7 September 2009 for the acquisition of 29.4% shares in Uttam Galva Steels Limited (“Uttam Galva”), a leading producer of cold rolled steel, galvanized products (comprising plain and corrugated) and colour coated coils & sheets based in Western India. The Company is listed on the major stock exchanges of India. …

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