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ArcelorMittal


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JPM sees stronger EU protectionism as likely tailwind for domestic steel demand

BUZZ-JPM sees stronger EU protectionism as likely tailwind for domestic steel demand ** J.P.Morgan sees stronger EU protectionism measures as a likely tailwind for domestic steel consumption and places ArcelorMittal MT.AS on positive Catalyst Watch into Q2 results ** It estimates that new measures could reduce HRC import volumes by nearly 2Mt/year,
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Nippon Steel's Mori returns to US this week for talks on US Steel takeover

Nippon Steel's Mori returns to US this week for talks on US Steel takeover By Yuka Obayashi, Katya Golubkova and Ritsuko Shimizu TOKYO, June 3 (Reuters) - Nippon Steel's vice chairman 5401.T plans to return to the United States this week for more talks over the proposed acquisition of U.S. Steel X.N and would study selling some assets if necessary for the deal to go through.
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U.S. Steel's proposed $14.9 billion merger with Nippon Steel

TIMELINE-U.S. Steel's proposed $14.9 billion merger with Nippon Steel Updates with details on non-US regulatory approvals May 30 (Reuters) - U.S. Steel Corp X.N and Nippon Steel 5401.T said on Thursday they had received all regulatory approvals outside of the United States related to their proposed $14.9 billion merger. The two steelmakers reaffirmed they expect the deal to be completed in the second half of 2024, even amid mounting political opposition to the merger in the U.S.
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US Steel, Nippon Steel receive all non-US approvals for merger

UPDATE 2-US Steel, Nippon Steel receive all non-US approvals for merger Adds details and background throughout May 30 (Reuters) - U.S. Steel Corp X.N and Japan's Nippon Steel 5401.T have received all regulatory approvals outside of the United States for their proposed $14.9 billion merger, the companies said on Thursday. Nippon had clinched the deal to buy U.S.
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Vietnamese EV maker VinFast considers delaying $4 bln US plant, source says

EXCLUSIVE-Vietnamese EV maker VinFast considers delaying $4 bln US plant, source says Company says it is reviewing construction for US factory The planned North Carolina plant was hailed by Biden Loss-making VinFast is struggling to boost US sales Adds comment by North Carolina officials in paragraph 5 By Phuong Nguyen, Francesco Guarascio and Ben Klayman May 29 (Reuters) - Vietnamese electric car maker VinFast VFS.O is looking at further delaying a planned $4 billion factory in North Carolina,
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Vietnamese EV maker VinFast considers delaying $4 bln US plant, source says

EXCLUSIVE-Vietnamese EV maker VinFast considers delaying $4 bln US plant, source says Company says it is reviewing construction for US factory The planned North Carolina plant was hailed by Biden Loss-making VinFast is struggling to boost US sales By Phuong Nguyen, Francesco Guarascio and Ben Klayman May 29 (Reuters) - Vietnamese electric car maker VinFast VFS.O is looking at further delaying a planned $4 billion factory in North Carolina, a person briefed on the matter said, as the loss-making
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US ITC probes ArcelorMittal complaint that VinFast violated aluminum patents

UPDATE 2-US ITC probes ArcelorMittal complaint that VinFast violated aluminum patents Adds VinFast response in paragraphs 4-5, file photo By David Shepardson WASHINGTON, May 20 (Reuters) - The U.S. International Trade Commission said Monday it is investigating a complaint filed by ArcelorMittal .AS> that Vietnamese automaker VinFast violated its patents related to high-strength aluminum and aluminum alloy-coated steel in imported vehicles.
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US ITC probes ArcelorMittal complaint that VinFast violated aluminum patents

UPDATE 2-US ITC probes ArcelorMittal complaint that VinFast violated aluminum patents Adds VinFast response in paragraphs 4-5, file photo By David Shepardson WASHINGTON, May 20 (Reuters) - The U.S. International Trade Commission said Monday it is investigating a complaint filed by ArcelorMittal .AS> that Vietnamese automaker VinFast violated its patents related to high-strength aluminum and aluminum alloy-coated steel in imported vehicles.
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GS says ArcelorMittal's focus on growth comes at a cost, starts at 'neutral'

BUZZ-GS says ArcelorMittal's focus on growth comes at a cost, starts at 'neutral' ** Goldman Sachs initiates coverage of ArcelorMittal MT.AS with a "neutral" saying that the world's second-largest steelmaker's focus on growth, while right strategy long term, comes at a cost ** It says that ArcelorMittal's strategic r ealignment by divesting low yie
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Arkema, Fuller Smith & Turner, Siemens Energy

EUROPE RESEARCH ROUNDUP- Arkema, Fuller Smith & Turner, Siemens Energy May 9 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Arkema, Fuller Smith & Turner and Siemens Energy, on Thursday. HIGHLIGHTS * Arkema SA AKE.PA : HSBC raises target price to EUR 117 from EUR 107 * Bytes Technology Group Plc BYIT.L : Deutsche Bank initiates coverage with buy rating * Fuller Smith & Turner Plc FSTA.L : Deutsche Bank initiates coverage with buy
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Adecco Group, Centrica, UBS

EUROPE RESEARCH ROUNDUP-Adecco Group, Centrica, UBS May 8 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Adecco Group, Centrica and UBS, on Wednesday. HIGHLIGHTS * Adecco Group AG ADEN.S : RBC raises to outperform from sector perform * Centrica CNA.L : UBS raises to buy from neutral * Direct Line Insurance DLGD.L : Morgan Stanley resumes coverage with equal-weight rating * Lindt & Spruengli LISN.S : Barclays raises to equal weight
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EU approves $14.9 bln purchase of U.S. Steel by Japan's Nippon

TIMELINE-EU approves $14.9 bln purchase of U.S. Steel by Japan's Nippon Updates with details on EU approval April 12 (Reuters) - The European Commission on Monday approved U.S. Steel's X.N $14.9 billion buyout by Japan's Nippon Steel 5401.T , allaying competition worries, even as the deal faces regulatory scrutiny and political opposition in the U.S.
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Ceres Power Holdings, Spirent Communications, Workspace

EUROPE RESEARCH ROUNDUP-Ceres Power Holdings, Spirent Communications, Workspace May 3 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Ceres Power Holdings, Spirent Communications and Workspace, on Friday. HIGHLIGHTS * 3I Group Plc III.L : Barclays raises target price to 3050p from 2815p * Ceres Power Holdings Plc CWR.L : Peel Hunt cuts target price to 500p from 550p * Iomart Group Plc IOMG.L : Deutsche Bank initiates coverage with
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Intervene, rinse, repeat

LIVE MARKETS-Intervene, rinse, repeat Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com INTERVENE, RINSE, REPEAT Sudden yen rallies and a 5.5 trillion yen ripple in Japan's money markets seem to put us in the midst of another round of intervention .
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ArcelorMittal Still Expects World Ex-China Apparent Steel Consumption To Grow By 3%-4% In 2024

BRIEF-ArcelorMittal Still Expects World Ex-China Apparent Steel Consumption To Grow By 3%-4% In 2024 May 2 (Reuters) - ArcelorMittal SA MT.LU : ARCELORMITTAL S.A.: ARCELORMITTAL REPORTS FIRST QUARTER 2024 RESULTS THE COMPANY CONTINUES TO FORECAST WORLD EX-CHINA APPARENT STEEL CONSUMPTION ("ASC") TO GROW +3.0% TO +4.0% IN 2024 HAS REPURCHASED A FURT
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Intervene, rinse, repeat

MORNING BID EUROPE-Intervene, rinse, repeat A look at the day ahead in European and global markets from Tom Westbrook Sudden yen rallies and a 5.5 trillion yen ripple in Japan's money markets seem to put us in the midst of another round of intervention . The latest yen surge came in the thin morning of the Asia day, an hour after daybreak in Wellington.
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ArcelorMittal SA <MT.N> expected to post earnings of 92 cents a share - Earnings Preview

ArcelorMittal SA expected to post earnings of 92 cents a share - Earnings Preview ArcelorMittal SA MT.N , MT is expected to report resultson May 2 for the period ending March 31 2024 The Luxembourg Luxembourg-based company is expected to report revenue of $16.238 billion, according to the mean estimate from 2 analysts, based on LSEG data. ​LSEG's mean analyst estimate for ArcelorMittal SA is for earnings of 92 cents per share.
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France corporate earnings week ahead

DIARY-France corporate earnings week ahead April 26 - Diary of France (.FCHI) corporate earnings for the week ahead FRANCE EARNINGS Start Date Start Time (GMT) RIC Company Name Event Name 02-May-2024 BMO MT.AS ArcelorMittal SA Q1 2024 ArcelorMittal SA Earnings Release 03-May-2024 BMO SOGN.PA Societe Generale SA Q1 2024 Societe Generale SA Earnings Release 03-May-2024 BMO LEGD.PA Legrand SA Q1 2024 Legrand SA Earnings Release 03-May-2024 05:00 CAGR.PA Credit Agricole SA Q1 2024 Credit Agricole SA
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Arcelormittal Calvert to receive $280.5 million in US tax credits

Arcelormittal Calvert to receive $280.5 million in US tax credits April 22 (Reuters) - ArcelorMittal Calvert has been awarded $280.5 million in investment tax credits from the U.S government for its planned electrical steel facility in Alabama, its parent company ArcelorMittal MT.LU said on Monday. Reporting by Olivier Sorgho; Editing by Jan Harvey
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ArcelorMittal Calvert Awarded $280.5 Mln Support From IRS

BRIEF-ArcelorMittal Calvert Awarded $280.5 Mln Support From IRS April 22 (Reuters) - ArcelorMittal SA MT.LU : U.S. DEPARTMENT OF ENERGY ANNOUNCES FINANCIAL SUPPORT FOR ARCELORMITTAL’S ANTICIPATED WORLD-CLASS ELECTRICAL STEEL FACILITY IN ALABAMA ARCELORMITTAL CALVERT HAS BEEN AWARDED $280.5 MILLION IN INVESTMENT TAX CREDITS FROM THE U.S. INTERNAL
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