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News

SMS group, Germany, waiting for major orders

June 11, 2010

On June 9th, 2010, German Plantbuilder SMS informed of their 2009 business activities. Heinrich Weiss, chairman of the managing board of SMS GmbH, Düsseldorf, reviewed the recent and current situation in the worldwide steel industry and the willingne…

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Vale Draws Big Straddle Bet (at TheStreet.com)

June 11, 2010
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ArcelorMittal buys remaining stake in Czech unit (AP)

June 11, 2010

Steel maker ArcelorMittal SA said Friday that it would acquire the remaining minority stake in its Czech unit for $89 million.

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Texas Targets Decades Of Abandoned Ships Off Coast – NPR

June 11, 2010

Lexington Herald LeaderTexas Targets Decades Of Abandoned Ships Off CoastNPRThe rusted steel will then be shipped off for salvage as part of the Texas General Land offices' fight to clean up Texas waterways. Associated Press A piece …Texas target…

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ArcelorMittal Launches Offer to Acquire Minority Shareholding In ArcelorMittal Ostrava a.s. (Business Wire)

June 11, 2010

LUXEMBOURG—-Regulatory News:

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Vale Downgraded (Zacks)

June 11, 2010

We downgrade our recommendation on Brazil-based Vale S.A. from Outperform to Neutral due to the instability in the Chinese market.

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