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Steelmaker News

22 Aug 2016

ArcelorMittal to pay $110 million fine for price fixing in South Africa

Steelmaker ArcelorMittal has agreed to pay a $110-million (88-million-euro) fine for illegal price fixing in South Africa, the country`s competition watchdog announced Monday.

27 May 2015

Citigroup cuts long-term iron ore forecast to $55 as demand shrinks

Global demand for the steelmaking commodity is likely to decline by more than 60 million tonnes between 2018 and 2025, said Citigroup,

21 Apr 2015

POSCO Q1 profit up 20%, low iron ore costs outweigh weaker steel prices

That compared with 518 billion won in operating profit in the same period a year earlier, and 632 billion won in the October-December quarter.

18 Mar 2015

Banks may extend Bhushan Steel's nearly $6 bn loan

Banks owed nearly $6 billion by Bhushan Steel Ltd could extend the maturity of the steelmaker`s debt under a Reserve Bank of India scheme that would spare the lenders from booking hefty provisions, bankers said.

24 Jul 2014

Posco Q2 profit jumps 102.6%

The company said global steel demand would rise three percent this year thanks to fast recovery in advanced markets including the United States.

04 Jul 2014

ArcelorMittal mulls bid for Italian steelmaker Lucchini

ArcelorMittal, the world`s biggest steelmaker, is considering making an offer later this month for Italy`s second largest steel producer Lucchini, according to Italian union CGIL FIOM.

04 Jul 2014

ArcelorMittal mulls bid for Italian steelmaker Lucchini

According to Venturi, ArcelorMittal is carrying out due diligence on Lucchini in parallel with its assessment of Ilva.

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