Global steel giant ArcelorMittal has reduced its loss to USD 390 million during the fourth quarter ended December 31, 2024.

ArcelorMittal reported a Q4 loss of USD 390 mn, down from USD 2,966 mn in 2023. Crude steel production rose to 14 MT in Q4, ...

Geneos Wealth Management Inc. boosted its stake in ArcelorMittal by 89.6% during the 4th quarter. Geneos Wealth Management Inc. now owns 1,134 shares of the basic materials company’s stock ...

ArcelorMittal also owns a steel plant in Vereeniging that uses scrap steel as a raw material to produce specialised steel required by the automotive sector. It should be kept open. If ...

Jindal has built an end-to-end steel business with assets across Europe, the Middle East and Africa..In Italy, Jindal is ...

IndustryWeek editors write about that and trends in CEO hiring, big investments from three companies to support electricity-hungry industries and a new contract for GE ...

President Donald Trump unveiled higher tariffs on steel and aluminium imports on Monday night in a measure that UK producers ...

A $US100m debt facility which GFG Alliance was relying on to bolster cashflow and provide “critical” capital into Whyalla’s ...

Europe's defense stocks have risen by a weighted average of around 200% since Russia's full-scale invasion of Ukraine in February 2022, and so it is very likely they will pull back if a cease-fire is ...

The cessation of operations at the Pokrovske mining group, which includes the Pokrovske Coal, due to changes on the frontline ...