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Stock Market & Financial Investment News

News Breaks
January 25, 2013
07:13 EDTMTArcelorMittal Liege announces intention to permanently close coke plant
AcelorMittal Liege yesterday informed the local works council of its intention to permanently close a number of additional assets due to a further weakening of the European economy and the resultant low demand for its products. in order to respond to these structural market changes and further adapt to the reality of demand in Europe, the following six flexible lines need to be closed:- The hot strip mill in Chertal - One of the two cold rolling flows in Tilleur - Galvanisation lines 4 and 5 in Flémalle - Electrogalvanizing lines HP3 and 4 in Marchin. Additionally, the company is proposing that the coke plant, which is no longer viable due to the excess supply of coke in Europe, also be permanently closed. The company plans to continue to operate the five core lines which employ approximately 800 people. These five lines are strategic due to their dedicated high quality products, specialized processes and technological innovation.
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August 14, 2014
13:03 EDTMTArcelorMittal expresses interest in Italian steelmaker Ilva, Reuters says
ArcelorMittal is said to have sent a non-binding expression of interest for Italian steelmaker Ilva, says Reuters. Reference Link
August 12, 2014
09:59 EDTMTArcelorMittal shares attractive, says Bernstein
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06:38 EDTMTArcelorMittal Brazil boss says local price view solid, Reuters says
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August 8, 2014
11:31 EDTMTArcelorMittal comments on Liberia options
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