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Stock Market & Financial Investment News

News Breaks
September 17, 2012
11:43 EDTMTArcelorMittal plant in Liege may be fully closed, Reuters says
ArcelorMittal (MT) has abandoned its plan to invest $181.4M in a steel plant in Belgium and may close the plant completely after the company failed to agree with unions the details of job losses surrounding the closing of 'liquid phase' operations at the site, reports Reuters. Reference Link
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May 13, 2013
08:26 EDTMTArcelorMittal calls for protection from Chinese competition, FT says
The chairman of ArcelorMittal, Lakshmi Mittal, has urged Europe to consider applying higher tariffs on imports of Chinese-produced steel, or for a surcharge on imported steel from "countries where environmental standards are very low,” according to Financial Times. Reference Link
May 10, 2013
10:13 EDTMTArcelorMittal gaps up after Q1 report, guidance, levels to watch
The shares are up over 5% at time of writing to $13.22. At that price, next resistance is at $13.75. Support is at $13.03.
08:57 EDTMTArcelorMittal backs guidance for FY13 EBITDA above $7.1B
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08:55 EDTMTArcelorMittal reports Q1 revenue $19.75B, one estimate $20.86B.
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