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
10/28/201404:36:18ArcelorMittal's M&A, China, India Head Sudhir Maheshwari To Leave...
10/07/201403:35:51Linde to Build Unit to Supply Gases to ArcelorMittal Steel Plant
09/09/201411:09:04EUROPE MARKETS: Morrisons, L'Oréal: Europe's Big Stock Moves
09/09/201411:08:09EUROPE MARKETS: Morrisons, L'Oreal: Europe's Big Stock Moves
09/08/201423:06:05EUROPE MARKETS: Electrolux Rallies, U.K. Banks Slump: Europe's...
08/26/201412:47:13EUROPE MARKETS: ArcelorMittal Climbs; Antofagasta Slides: European...
08/26/201406:03:37European Stocks Pause as Investors Still Mull Draghi's Hint at...
08/25/201417:30:50French Economy Minister's Exit Reflects Divisions
08/14/201413:35:30ArcelorMittal Said to Send Letter of Intent for Ilva Steel Plant...
08/08/201419:32:21Ebola Virus Outbreak Is Public Health Emergency, World Health...
08/08/201413:10:15ArcelorMittal Contractor Moving Workers out of Liberia
08/01/201419:46:16ArcelorMittal Warns on Profit as Lower Iron-Ore Price Takes Toll--Update
08/01/201412:11:04EUROPE MARKETS: ArcelorMittal, Iliad Slump In Europe; AXA Climbs
08/01/201405:15:49ArcelorMittal Agrees to Buy Stake in Guinea's Mount Nimba Iron-Ore...
08/01/201404:13:50ArcelorMittal Warns on Profit as Lower Prices Take Toll -- Update
07/21/201416:40:37Severstal to Sell Its North American Units -- Update
05/13/201420:08:11U.S. Steel Imports Spark Wave of Trade Complaints - Update
05/13/201407:23:53Retooled ThyssenKrupp Raises Profit Outlook--Update
05/09/201417:44:09ADR Shares End Mixed; ArcelorMittal, Alcatel-Lucent Shares Active
05/09/201416:05:35ArcelorMittal Loss Narrows -- 4th Update

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 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad