ADVFN - Advanced Financial Network.
HOME» NYSE » M » MT Stock Price » MT Stock News

Mittal Steel Share News

 Arcelor Mittal New Stock Price
MT Stock Price
 Arcelor Mittal New Stock Chart
MT Stock Chart
 Arcelor Mittal New Stock News
MT Stock News
 Arcelor Mittal New Company Information
MT Company Information
 Arcelor Mittal New Stock Trades
MT Stock Trades

ArcelorMittal Lowers Its 2012 Global Apparent Steel Demand Forecast

By Alex MacDonald LONDON--ArcelorMittal (MT), the world's largest steelmaker by volume, lowered its global apparent steel demand forecast due slower demand growth in China and shrinking demand in the European Union where the sovereign debt crisis continues to take its toll on the regional economy and consumer sentiment. The Luxembourg-based steelmaker expects global apparent steel demand to rise 3.5% to 4% in 2012 compared with its previous forecast in May for a 4% to 4.5% rise. China, the world's largest steel producer and consumer, is forecast to see its apparent steel demand grow 4.5% to 5% in 2012 compared with previous expectations for 5% demand growth. Apparent steel demand in the EU bloc of 27 member states is forecast to drop between 3% and 5% in 2012 compared to previous expectations for a 1% to 2% decline. The only bright spot is Mexico, Canada and the U.S. which comprise the North American Free Trade Agreement region. ArcelorMittal expects apparent steel demand in the NAFTA region to rise 7% to 8% in 2012 compared with previous expectations of 6.5% to 7% growth. ArcelorMittal, which accounts for some 6% of the world's steel production, said that Chinese industrial output bottomed out in the second quarter and steel stocks are stabilizing. It noted that there are "encouraging signs in U.S. residential construction, but European construction remains depressed." -Write to Alex MacDonald at alex.macdonald@dowjones.com Subscribe to WSJ: http://online.wsj.com?mod=djnwires

Stock News for Mittal Steel (MT)
DateTimeHeadline
05/24/201611:56:31Specialized Disclosure Report (sd)
05/19/201610:00:48Report of Foreign Issuer (6-k)
05/11/201610:58:49Report of Foreign Issuer (6-k)
05/11/201610:23:00ArcelorMittal Launches Offer to Buy Back All $1.5 Billion in...
05/09/201618:43:00ADRs End Lower; AngloGold Ashanti, ArcelorMittal Decline
05/07/201603:04:00Steel Giant Expects Pain to Ease -- WSJ
05/06/201623:40:00What's News: Business & Finance
05/06/201615:14:02Report of Foreign Issuer (6-k)
05/06/201615:11:26Report of Foreign Issuer (6-k)
05/06/201609:02:00ArcelorMittal Says Steel Markets Are Stabilizing as Losses Narrow...
05/06/201607:29:00ArcelorMittal Narrows Losses, Cautions on China -- 2nd Update
05/06/201603:50:00ArcelorMittal Narrows Losses, Cautions on China
05/06/201603:04:00ArcelorMittal Narrows Losses, Cautions on China -- Update
05/06/201602:07:00ArcelorMittal Broadly Inline Says Jefferies -- Market Talk
05/05/201612:32:00ArcelorMittal Net Loss Seen Narrowing Friday - Earnings Preview
05/04/201611:13:18Report of Foreign Issuer (6-k)
05/02/201613:57:34Report of Foreign Issuer (6-k)
04/26/201613:53:00Report of Foreign Issuer (6-k)
04/26/201612:15:00ArcelorMittal to Redeem $1.4 Billion in Notes due in 2017
04/25/201613:32:29Report of Foreign Issuer (6-k)

Mittal Steel and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2015 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad