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 CEO: Everybody Analyzing ThyssenKrupp Brazil, US Plant Sale

By Alex MacDonald LONDON--The chief executive of ArcelorMittal (MT), the world's largest steelmaker, said all steelmakers are reviewing ThyssenKrupp AG's (TKA.XE) proposed sale of two steel plants in the Americas. "Everyone is looking at it, analyzing it, [trying to figure out] where are the synergies and what we should do," Lakshmi Mittal told journalists in a call. "Whether it is ArcelorMittal or any other steelmaker...I can tell you that everyone is doing the analysis." Mr. Mittal said that ArcelorMittal has already held talks at its office regarding Thyssen's proposed sale of its steel plant in Mobile, Ala., and its steel plant in the state of Rio de Janeiro, Brazil. He didn't say whether there was an interest in purchasing either of the steel plants. In mid-May, Germany's ThyssenKrupp said it was considering selling the mills or bringing in partners to sustainably improve performance. At the time, ThyssenKrupp Chief Executive Heinrich Hiesinger declined to provide a timeframe for a solution, citing the complexity of such transactions. But he said ThyssenKrupp had to act after the operations accumulated losses of around 500 million euros ($624) in the first six months of the company's business year. In fiscal 2011, the losses had amounted to around EUR1 billion. ThyssenKrupp has given the sale mandate to Goldman Sachs Group Inc. (GS) and Morgan Stanley (MS). 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
08/24/201519:48:00ArcelorMittal Finds Unlikely Success in French Rust Belt
08/24/201517:37:00ADRs End Lower; Chinese, Commodities Firms Decline
08/15/201505:59:47Steelworkers to Rally for Wage, Health-Benefit Pacts
08/12/201505:00:06Global Stocks Continue to Fall on China Concerns
08/12/201504:33:07Global Stocks Continue to Fall after Yuan Devaluation
08/11/201518:20:15U.S. Steelmakers Again Ask for Tariffs on Imports
08/11/201517:50:53ADRs End Lower; Miners, Steelmakers Among Decliners
08/11/201512:57:14Global Stocks Fall After Yuan Move -- 7th Update
08/11/201511:40:16Global Stocks Fall After Yuan Move -- 6th Update
08/11/201510:37:16Global Stocks Fall After Yuan Move -- 5th Update
08/11/201509:33:50Global Stocks Fall After Yuan Move -- 4th Update
08/11/201508:14:10Global Stocks Fall After Yuan Move -- 3rd Update
08/06/201519:28:16Steelmakers Try to Stay Out in Front in Auto Industry
08/06/201509:20:00Review on Steel and Iron Industry Stocks -- A.K. Steel Holding...
08/05/201512:45:41Tata Steel Confirms Talks to Sell European Long Products Have...
08/05/201511:58:33Tata Steel Confirms Talks to Sell European Long-Products Have...
08/03/201513:56:18Report of Foreign Issuer (6-k)
07/31/201519:50:39Steelmaker Seeks Cost Cuts
07/31/201514:29:20ArcelorMittal Plans U.S., South Africa Restructuring -- Update
07/31/201512:51:38Report 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 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad