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ArcelorMittal

ArcelorMittal launches Clean Technology VC Fund

July 11, 2008

As if in response to point 5 of this article on how to respond to high steel prices, ArcelorMittal is putting money into a venture capital fund investing in clean technologies in addition to establishing a carbon fund to generate carbon credits that will help in complying with the EU Emissions Trading Scheme. The venture […]

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ArcelorMittal Q1 2008 Earnings Results

May 14, 2008

ArcelorMittal reported its Q1 2008 earnings today achieving $157/ton of EBITDA for the quarter, the same rate as Q4 2007. You can compare the EBITDA result against a number of other steel producers on the Nerds of Steel earnings spreadsheet. Or you can see the full set of company reports including video and audio of […]

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Steel Manufacturers’ Association Presentation

February 27, 2008

Below is a presentation I made recently at the SMA Board of Directors meeting in Florida. It deals with the issue of organizational size in today’s steel industry and asks some questions (more than providing any answers) about how the structure of steel organizations will change as they deal with much different dimensions of scale […]

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ArcelorMittal and Gerdau Ameristeel Q4 and 2007 financial results

February 13, 2008

ArcelorMittal and Gerdau Ameristeel both released Q4 and 2007 full year results today. These results have been added to the NoS quarterly financial results spreadsheet. With the exception of US Steel, all the companies we have entered into the spreadsheet so far have achieved very similar EBITDA/ton results for 2007.  Excluding US Steel, the range […]

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ArcelorMittal and Borusan hot strip mill venture in Turkey

October 23, 2007

Don’t miss the announcement about the ArcelorMittal and Borusan venture in Turkey.  I am not surprised ArcelorMittal had something bigger planned in Turkey since they didn’t get what they wanted with Erdemir.

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The best big organization will win

September 27, 2007

A senior steel industry manager who had just been offered a promotion to head office was reflecting on his choice. Looking for guidance, he asked a colleague for advice. ‘Just add value,’ was the terse reply. His implication of course was that corporate ‘overhead’ usually doesn’t. His deeper implication was that real value is only […]

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