| |
| 24hGold - Publicnow |
| ArcelorMittal announces publication of its 2016 half-year report |
| About ArcelorMittal
ArcelorMittal is the world's leading steel and mining company, with a presence in 60 countries and an industrial footprint in 19 countries. Guided by a philosophy to produce safe, sustainable steel, we are the leading supplier of quality steel in the major global steel markets including automotive, construction, household appliances and packaging, with world-class research and development and outstanding distribution networks.
Through our core values of sustainability, quTuesday, August 2, 2016 |
|
| 24hGold - Publicnow |
| ArcelorMittal releases film to mark the company’s first decade |
| London, 1 August, 2016 - ArcelorMittal has released a film to mark the first decade since the creation of the world's leading steel and mining company. It is ten years since the merger of the company on 1st August 2006.
The 15-minute film, 'ArcelorMittal - Our Ten Year Journey...', features news footage and interviews with ArcelorMittal's chairman and CEO Lakshmi Mittal, CFO and CEO of Europe Aditya Mittal, many of the group's senior executives as well as employees from across the global compaMonday, August 1, 2016 |
|
| 24hGold - Publicnow |
| “Steelmaking is our passion and it is this passion that will continue to drive ArcelorMittal for many years to come” – ArcelorMittal chairman and CEO Lakshmi Mittal issues tenth anniversary statement |
| On 1 August 2006, Arcelor and Mittal Steel merged to create the world's leading steel company. Today, the company is marking its ten-year anniversary.
Some key numbers:
Global economic contribution in excess of US$700bn
More than 890 million tonnes of finished steel products, shipped to customers in more than 160 countries
More than 250 new steels invented, R&D spend of US$2.5bn
Recycled 260 million tonnes of steel, saving 341 million tonnes of CO
Lost time injury frequency rate ofMonday, August 1, 2016 |
|
| 24hGold - Associated Press |
| ArcelorMittal posts 2Q profit |
| LUXEMBOURG (AP) _ ArcelorMittal SA (MT) on Friday reported second-quarter net income of $1.11 billion.
The Luxembourg-based company said it had net income of 38 cents per share.
The steel producer posted revenue of $14.74 billion in the period.
ArcelorMittal shares have increased 53 percent since the beginning of the year. The stock has declined 28 percent in the last 12 months.
_____
This story was generatFriday, July 29, 2016 |
|
| 24hGold - Publicnow |
| Cliffs Natural Resources Inc. Reports Second-Quarter 2016 Results |
| NEWS RELEASE
Cliffs Natural Resources Inc. Reports Second-Quarter 2016 Results
7/28/2016
Reports Net Income of $30 million
Achieves Adjusted EBITDA(1) of $102 million
Reports Earnings of $0.07 per diluted share
Cost of goods sold decrease by 8 percent to $405 million
U.S. Iron Ore cash production costs(2) decrease 17 percent to $46 per long ton
Asia Pacific Iron Ore cash production costs(2) decrease 17 percent to $28 per metric ton
CLEVELAND, July 28, 2016 /PRNewsThursday, July 28, 2016 |
|
| 24hGold - Publicnow |
| Canaf announces financial results for Q2 ended 30 April 2016 |
| June 14, 2016, Vancouver, British Columbia - Canaf Group Inc. (TSXV: CAF), ('Canaf') the Canada-registered mining related group, is pleased to announce the release of its Financial Statements, and Management Discussion and Analysis for the 3-month period ended April 30, 2016.
Despite continued challenging trading conditions, the Company is pleased to announce a significant improvement in the results for the 3-month period ended 30 April, 2016, compared to the previous quarter. Sales further redTuesday, June 14, 2016 |
|
| 24hGold - Yahoo |
| IRON What Drove Management’s Guidance for US Iron Ore Volumes |
| Concerns Outweigh Upside for Cliffs Natural Resources after 4Q15(Continued from Prior Part) US iron ore volumes
The volumes shipped by a company usually depend on the demand from end consumers and adjustments made by the company to its production profile. This is one of the functions along with realized prices to arrive at company’s revenues.
Cliffs Natural Resources’ (CLF) US Iron Ore (or USIO) segment mainly sells iron ore to integrated steel companies in the United States and Canada. The coTuesday, February 2, 2016 |
|
| 24hGold - Yahoo |
| 7:01 am McEwen Mining has regained compliance with the NYSE's continued listing standards regarding the minimum price of its common stock |
| 6:03 pm Voyager Therapeutics promotes Jeff Goater to CFO (VYGR) : Co announces it has promoted Jeff Goater, former senior vice president of finance and business development, to CFO. In this new role, Goater will be responsible for overseeing the company's financial strategy and planning, investor and public relations, corporate operations and business development.Prior to Voyager, Goater spent nearly a decade on Wall Street, most recently as a managing director at Evercore Partners (EVR).5:47Tuesday, February 2, 2016 |
|
| 24hGold - Yahoo |
| 10:36 am Duke Energy displays strong relative strength as it extends last week's breakout momentum towards multi-month highs near $77 vicinity |
| 6:03 pm Voyager Therapeutics promotes Jeff Goater to CFO (VYGR) : Co announces it has promoted Jeff Goater, former senior vice president of finance and business development, to CFO. In this new role, Goater will be responsible for overseeing the company's financial strategy and planning, investor and public relations, corporate operations and business development.Prior to Voyager, Goater spent nearly a decade on Wall Street, most recently as a managing director at Evercore Partners (EVR).5:47Monday, February 1, 2016 |
|
| 24hGold - Yahoo |
| 6:01 am Cabot provides medical update on CEO Patrick M. Prevost; not yet ready to resume responsibilities |
| 6:03 pm Voyager Therapeutics promotes Jeff Goater to CFO (VYGR) : Co announces it has promoted Jeff Goater, former senior vice president of finance and business development, to CFO. In this new role, Goater will be responsible for overseeing the company's financial strategy and planning, investor and public relations, corporate operations and business development.Prior to Voyager, Goater spent nearly a decade on Wall Street, most recently as a managing director at Evercore Partners (EVR).5:47Monday, February 1, 2016 |
|
| 24hGold - Yahoo |
| 6:55 am CONSOL Energy beats by $0.01, beats on revs |
| 9:54 am UPS gap higher start pauses at Jan high of 96.10 -- session high 96.00 (UPS) : Strong performance off the open in the wake of earnings with the opening run stalling just shy of its Jan peak at 96.10. It is currently vacillating back near its 50 day ema at 95.55.9:45 am Alphabet A gap higher start breaks Dec peak at 798 to set new all time high of 804.49 (GOOGL) : Strong post earnings start pauses after setting a new all time high with it currently drifting slightly under the Dec peak.9:4Sunday, January 31, 2016 |
|
| 24hGold - Yahoo |
| Is There More Downside to U.S. Steel’s Average Selling Price |
| Why U.S. Steel’s 4Q15 Results Sparked a Selling Spree(Continued from Prior Part) U.S. Steel’s average selling price
Steel companies’ earnings are sensitive to changes in steel prices. In recent quarters, steel companies’ earnings have been negatively impacted by falling steel prices. Steel prices in the US (VTI) have been weak for more than a year. In this part of the series, we’ll look at how U.S. Steel’s (X) average steel selling prices played out in 4Q15.
Prices fell
U.S. Steel’s Flat-RolFriday, January 29, 2016 |
|
| 24hGold - Yahoo |
| U.S. Steel’s 4Q15 Shipments Slid on Pressure from Imports |
| Why U.S. Steel’s 4Q15 Results Sparked a Selling Spree(Continued from Prior Part) U.S. Steel’s 4Q15 shipments
Shipments are a key driver of steel companies’ performance. Generally, shipments depend on demand from end consumers as well as any portfolio actions undertaken by the company. However, steel companies’ shipments have been negatively impacted by the higher amount of steel imports amid decent end user demand. Let’s see how U.S. Steel’s (X) shipments shaped up in 4Q15.
Shipments fell
ThThursday, January 28, 2016 |
|
| 24hGold - Yahoo |
| Will Cliffs Natural Resources’ Cost-Cutting Initiatives Work |
| What to Expect from Cliffs Natural Resources’ 4Q15 Earnings(Continued from Prior Part) Cliffs Natural Resources’ cost-cutting initiatives
Cliffs Natural Resources (CLF) reduced its capex (capital expenditure) budget for 2015 from $100–$125 million to $85–$95 million. The reduction was mainly due to the spending discipline across the business. This capex figure also includes the expenditure relating to the company’s coal assets that it divested. This should drive the further decline in capex goiWednesday, January 27, 2016 |
|
| 24hGold - Yahoo |
| COAL How Will the Sale of Coal Assets Impact Cliffs Natural Resources |
| What to Expect from Cliffs Natural Resources’ 4Q15 Earnings(Continued from Prior Part) Sale of coal assets
On December 22, 2015, Cliffs Natural Resources (CLF) announced the sale of its remaining coal assets, Pinnacle Mine in West Virginia and Oak Grove Mine in Alabama, to Seneca Coal Resources. The transaction price is $268 million, which involves the assumption of liabilities associated with this business by the buyer. It does not involve any other cash inflow to Cliffs Natural Resources exceWednesday, January 27, 2016 |
|
| 24hGold - Yahoo |
| ArcelorMittal Seen Locked Out of Markets as Steel Punishes Bonds |
| Bonds of the world’s largest producer of the alloy have fallen to levels that make an immediate return to the market too costly, said Olivier Monnoyeur, a high-yield portfolio manager at BNP Paribas Investment Partners. Thirteen of ArcelorMittal’s 16 notes due by 2022 have fallen this year, with some quoted at as low as 75 percent of face value, and with some yields as high as 12 percent, according to data compiled by Bloomberg.“Yields in the market for ArcelorMittal are not sustainable and restWednesday, January 27, 2016 |
|
| 24hGold - Yahoo |
| 5:23 pm Vertex Pharma: Health Canada approves PrORKAMBI |
| 2:40 pm Major averages slip under initial post Fed lows, Nasdaq Comp -70 sets new session low -- Dow -146, S&P -12 (:TECHX) : 2:31 pm Currency Market Summary (:FOREX) : FOMC Has Little Effect on FX RatesThe U.S. Dollar Index fell 0.34% to 99.02 today as the Federal Open Market Committee voted to keep the main policy rates unchanged but took a slightly more cautious tone on the economy than Treasury investors had expected. The decline in the dollar came long before the release of the decision anTuesday, January 26, 2016 |
|
| 24hGold - Yahoo |
| 4:46 pm Vaalco Energy Board provides operational update, forms strategic committee to explore a range of strategic ... |
| 9:50 am Opening Market Summary: Indices Open Lower (:WRAPX) : The major averages have started their day in negative territory with the Dow Jones Industrial Average (-0.5%) trailing the Nasdaq (-0.5%) and the S&P 500 (-0.1%).Technology (-1.0%) sits well behind the other sectors as energy (-0.2%) trimmed its opening loss courtesy of WTI crude climbing above the 31.00/bbl price level. Meanwhile, most sectors trade close to their flat lines as countercyclical consumer staples (+0.3%) and health careTuesday, January 26, 2016 |
|
| 24hGold - Yahoo |
| 4:22 pm CMS Energy President and CEO John G. Russell to retire; Patricia Kessler Poppe will succeed as President and CEO effective July 1 |
| 12:27 pm SPDR S&P Insurance ETF follows through on break of recovery high (KIE) : Yesterday noted that the ETF was challenging its recovery high from last week at 64.06 with the breakout reaching as high as 64.30 today. PGR has provided leadership with its breakout reaching up near its 50 day ema/sma at 30.83/30.92 (session high 30.74). MET has climbed back near its 20 day ema and recovery high at 44.24/44.28 (session high 44.16).12:17 pm Currency Commentary: DXY Testing 99 Support Ahead of Fed Tuesday, January 26, 2016 |
|
| 24hGold - Yahoo |
| Zacks Industry Outlook Highlights: Steel Dynamics, United States Steel, ArcelorMittal, AK Steel Holding and Nucor |
| Chicago, IL – January 26, 2016 – Today, Zacks Equity Research discusses the Steel (Part 3), including Steel Dynamics Inc. (STLD), United States Steel Corp. ( X), ArcelorMittal (MT), AK Steel Holding Corporation (AKS) and Nucor Corporation (NUE). Industry: Steel (Part 3) Link: https://www.zacks.com/commentary/69183/what39s-going-against-the-steel-industry The steel industry is poised to benefit from solid demand in the U.S and emerging markets like India. But steel stocks have to grapple withTuesday, January 26, 2016 |
|
|
