Don’t miss the announcement about the ArcelorMittal and Borusan venture in Turkey. I am not surprised ArcelorMittal had something bigger planned in Turkey since they didn’t get what they wanted with Erdemir.
Here’s some of the largest steel company data from Metal Bulletin. Just click on the link below to be taken to a full version of the spreadsheet snapshot shown here.
Arcelor Mittal is facing a shareholder revolt in Europe led by a group of hedge funds who want more for their shares than the Mittal formula currently offers. They go to court on Tuesday. This is similar - but less financially signifcant - to the revolt Mittal faced in Brazil earlier this year. Let’s just see if the link at the end of this story does its job.
They’re still fighting shareholders in Europe to complete the massively complex acquisition of Arcelor
AM announced an investment in a very modest long products mill in Western Russia. What does this mean?
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