ArcelorMittal

He said the issue would "improve ArcelorMittal's capital structure" and help reduce net debts by the end of the year to just over $22bn.

ArcelorMittal is now trying to secure land at a different location in Jharkhand, says spokeswoman Mandakini Sud.

On Friday, Ukrainian president Viktor Yanukovych said ArcelorMittal would not lose the plant and that the case would not reach court.

ArcelorMittal yesterday strenuously denied it was contemplating such a step.

Since then, however, ArcelorMittal has confirmed the partial closure, transferring nearly 600 workers elsewhere within the company.

ArcelorMittal said its attempt to acquire a minority interest in Laiwu Steel will formally end at the end of the month.

Yet should one of those options to raise money be via a Rio Tinto-style deal with China, ArcelorMittal should think again.

ArcelorMittal, the world's biggest steelmaker, pulled out of a joint acquisition of Australia's Macarthur Coal .

However, we believe that the current quarter may mark the low point of the performance for ArcelorMittal within the current year.

Still, ArcelorMittal has a track record of building for the long term from initially small stakes.

After Ms Chen abandoned her takeover attempt, ArcelorMittal paid $647m for her 28 per cent stake.

ArcelorMittal was therefore careful to emphasise that its deal with Mr Han was subject to Chinese government anti-trust clearance.

The forecast came after ArcelorMittal unveiled a more than doubling of net income in the second quarter, well above analysts' estimates.

ArcelorMittal, the world's largest steelmaker, is moving aggressively to boost its self-sufficiency within the market for coking coal.

ArcelorMittal yesterday declined to comment, but it is expected that it will comply with the regulatory demands.

ArcelorMittal yesterday said it would make no comment on market speculation.

ArcelorMittal's shift reflects that the global steel market isn't seeing the same signs of rebound that have appeared in some other sectors.

Big customers such as ArcelorMittal (steel) or Danone (food products) want fast, pan-European freight services that do not stop at borders.

European stocks fell after UBS AG reported a surprise investment-banking loss and ArcelorMittal forecast a decline in earnings.

The new steel firm would be the world's second- largest, after ArcelorMittal of Luxembourg.

ArcelorMittal's share purchase offer was not originally extended to other shareholders.

Indian citizen and London resident , Lakshmi Niwas Mittal, is the chairman and CEO of the global steel company, ArcelorMittal .

Named after the Hindi Goddess of Wealth , Lakshmi Mittal is the owner of the world's largest steel manufacturer, ArcelorMittal.

More recently, though, ArcelorMittal has been expanding in the Ukraine and South America and recently restarted an idled mill in Romania.

ArcelorMittal is the second-largest shareholder in Macarthur with a 16. 2- percent stake, according to its website.

ArcelorMittal says it is not contemplating permanent shut-downs or divestments.

some firms are now raising equity to restore their finances, ArcelorMittal being the most recent example.

China meanwhile needs iron ore, which ArcelorMittal has, plus the expertise Mr Mittal could bring.

Thus was born Arcelor Mittal, the first steel company with an annual output of more than 100m tonnes.

Given such pressures, ArcelorMittal will struggle to pass on higher iron ore and coking coal costs.

If ArcelorMittal should need fresh funds, Rio is an example of how not to get them.

ArcelorMittal, the world's largest steelmaker by output, said it will reopen its wire rod mill in Georgetown, S. C. , next Tuesday.

ArcelorMittal, the world's biggest steel company, has taken a hybrid approach to Chinese joint ventures.

Neither China Oriental nor ArcelorMittal wanted to comment.

ArcelorMittal bought a 15% stake in an Australian coal producer, Macarther Coal.

Self-sufficiency allows some flexibility: ArcelorMittal produces 50-60 per cent of its ore and coal needs.

An employee monitors the blast furnace at the ArcelorMittal Ostrava steel plant in Ostrava, Czech Republic, on Thursday, Jan.

With net debt of $22bn, 3. 4 times ebitda, ArcelorMittal would be perilously close to the 3. 5 level that triggers debt covenants.

In the short term, ArcelorMittal's recovery from the global economic slowdown has been slow.

Under the terms of the deal, ArcelorMittal would own 40 percent of Macarthur, while Peabody would own a 60 percent stake.

ArcelorMittal said it is confident that auto makers will end up paying the surcharges.

It now emerges that ArcelorMittal is unlikely to win approval by Beijing to buy all the shares it wanted from existing investors.

Accidents in Kazakhstan, where ArcelorMittal employs 50, 000 people, have killed 191 of the company's workers in the past 12 years.

ArcelorMittal, the world's largest steelmaker, settled early with Vale on long-term contracts at the 65%-to-71% price rise.

ArcelorMittal's general offer, if accepted, would put the onus on the Chinese government.

Can ArcelorMittal continue to grow and thrive?

Arcelor Mittal, based in Luxembourg, is the world's largest steel firm.

ArcelorMittal forecasts global steel demand to rise 6% year-on-year in 2011, compared with an expected 10% rise in 2010.

The first iron ore, from a mine run by Luxembourg-based ArcelorMittal, is due in mid-2011.

According to an agreement with Jharkhand, ArcelorMittal would have access to 20 million tons of iron ore annually for 30 years.

As a result, ArcelorMittal will be left with a stake of 29 per cent.

Arcelor Mittal, the world's largest steel producer, has a profit margin of just 3. 7% and return on assets of 2. 7%.

In the first three months of 2008, ArcelorMittal's net income came to $2. 37bn, after $2. 25bn in the corresponding period in 2007.

both ArcelorMittal and Mr Han are advised by experienced practitioners familiar with [Hong Kong's Takeover] Codes.

Last year, ArcelorMittal paid $647m for Ms Chen's 28 per cent stake in China Oriental.

European Stocks Retreat as UBS, ArcelorMittal, Cairn Energy Lead Declines

ArcelorMittal will be waiting in the wings