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Stock Market & Financial Investment News

News Breaks
December 13, 2012
07:14 EDTMTArcelorMittal CEO 'much more optimistic' on U.S. economy, FT says
Lakshmi Mittal, chairman and CEO of ArcelorMittal (MT), the world’s leading steelmaker by sales, said the impact of cheap shale gas has made him “much more optimistic” than he was two years ago about the prospects for the U.S. economy, reported Financial Times. Mittal also confirmed his company is weighing a potential bid for a steel plant in Alabama owned by ThyssenKrupp, the report noted. 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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