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Stock Market & Financial Investment News

News Breaks
December 16, 2012
17:08 EDTMTArcelorMittal chief scales back ambitions amid slow global economy, WSJ says
In an interview, ArcelorMittal (MT) chief Lakshmi Mittal says his goal is to improve profits rather than to grow aggressively through investments in China, India and mining, says the Wall Street Journal. 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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