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/ 10 February 2010
ArcelorMittal SA on Wednesday said it posted a full-year headline loss on low demand for steel.
The world’s top two steelmakers and leading carmakers said on Wednesday any return to growth would be gradual.
Global analysts Lehman Brothers wondered out loud on Friday morning whether some notably hawkish statements by Reserve Bank Governor Tito Mboweni on Thursday might be a signal that a rate hike of 100 basis points could be on the cards come June 12.
ArcelorMittal chief executive Lakshmi Mittal became chairperson of the steelmaker on Tuesday, increasing his control over the company. ”I could not have asked for a better chairman during the time of integration,” Mittal told the company’s annual shareholder meeting.
The world’s biggest steel producer, Luxembourg-based ArcelorMittal, will buy a 16% stake in South African coal producer Coal of Africa (CoAL), CoAL said in a statement on Monday. ArcelorMittal will pay £66,7-million for new shares "representing approximately 16% of CoAL’s issued capital", the statement said.
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/ 5 February 2008
The JSE changed course to turn negative by midday on Tuesday as weaker world markets and a bit of local profit -taking set in. By noon, the broader all-share index had given up 0,99%. Banks pulled back 2,39% and financials retreated 1,87%. Industrials lost 1,08% and the gold-mining index dipped 0,95%.
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/ 4 February 2008
The JSE had been lifted into the black by noon on Monday as firmer world markets and advances in the bank sector helped enliven the bourse after its soft opening. By noon, the broader all-share index had gained 0,92% to 29 016,26 points. Banks perked up 2%, while financials advanced 1,63% and industrials collected 1,66%.
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/ 23 October 2007
The Green Scorpions have shut down ArcelorMittal operations at its Vaal waste site over its dumping of hazardous waste and air and water pollution, it was announced on Tuesday. The move followed numerous ”futile attempts” at getting the steel company to clean up its act, Gauteng’s department of agriculture, conservation and environment said in a statement.