Tag #Arcelormittal

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lefigaro.fr

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May 29, 04:10

ArcelorMittal Cuts 600 Jobs Amidst European Steel Crisis

ArcelorMittal France announced over 600 job cuts and cancelled a major investment in its Dunkerque plant due to decreased European steel demand, global overproduction, unfair competition, and high energy costs, highlighting the crisis in the European steel industry.

ArcelorMittal Cuts 600 Jobs Amidst European Steel Crisis

ArcelorMittal France announced over 600 job cuts and cancelled a major investment in its Dunkerque plant due to decreased European steel demand, global overproduction, unfair competition, and high energy costs, highlighting the crisis in the European steel industry.

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What are the primary factors contributing to ArcelorMittal's job cuts and reduced investment in its French operations?

ArcelorMittal France, the French branch of the world's second-largest steel producer, announced the suppression of over 600 jobs due to the cancellation of a planned investment to modernize its Dunkerque plant. This decision follows a decrease in steel consumption in Europe and increased competition from countries like China. The company's president stated that the French steel market has halved in the last decade, from 9 million to under 4 million tons.

lefigaro.fr

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May 20, 22:11

ArcelorMittal to Cut 636 Jobs in France Amidst Market Decline

ArcelorMittal France announced a plan to cut 636 jobs, primarily due to declining steel market performance, impacting sites including Dunkerque. The French president was not informed in advance because the plan was finalized later. Despite this, the company plans to continue dividend payments and se...

ArcelorMittal to Cut 636 Jobs in France Amidst Market Decline

ArcelorMittal France announced a plan to cut 636 jobs, primarily due to declining steel market performance, impacting sites including Dunkerque. The French president was not informed in advance because the plan was finalized later. Despite this, the company plans to continue dividend payments and se...

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How do ArcelorMittal's financial decisions, such as dividend payments, relate to its justification for job cuts?

The job cuts at ArcelorMittal are a response to poor financial performance in late 2024 and early 2025, necessitating restructuring. While the company cites market downturn as justification, critics point to reduced maintenance investment as a contributing factor. Dividend payments to shareholders continue despite job losses, reflecting the company's prioritization of shareholder interests.

lemonde.fr

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May 13, 16:11

ArcelorMittal France Job Cuts Spark Protests, Nationalization Proposal

On May 13th, hundreds of ArcelorMittal employees protested in Saint-Denis, France, against the company's plan to cut over 600 jobs, raising concerns about the future of steel production in France and prompting a proposed nationalization by LFI deputies.

ArcelorMittal France Job Cuts Spark Protests, Nationalization Proposal

On May 13th, hundreds of ArcelorMittal employees protested in Saint-Denis, France, against the company's plan to cut over 600 jobs, raising concerns about the future of steel production in France and prompting a proposed nationalization by LFI deputies.

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How do ArcelorMittal's investment decisions, particularly regarding decarbonization, relate to the announced job cuts and broader economic concerns?

The protest highlights broader concerns about the future of the French steel industry and ArcelorMittal's investment strategies. The company's decision to suspend a €1.8 billion decarbonization project in Dunkerque, despite receiving €800 million in government aid, fuels these concerns. A proposed nationalization of ArcelorMittal reflects the urgency felt by some to protect domestic steel production.

lefigaro.fr

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May 1, 16:13

French Socialists Propose State Control of ArcelorMittal's Dunkirk Site

The French Socialist Party announced a bill to put ArcelorMittal's Dunkirk site under state control, responding to planned job cuts (636 in France, 1400 transferred to India) and accusing the company of broken commitments, prompting calls for nationalization, stronger industrial policy, and protecti...

French Socialists Propose State Control of ArcelorMittal's Dunkirk Site

The French Socialist Party announced a bill to put ArcelorMittal's Dunkirk site under state control, responding to planned job cuts (636 in France, 1400 transferred to India) and accusing the company of broken commitments, prompting calls for nationalization, stronger industrial policy, and protecti...

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What immediate actions are being taken by the French Socialist Party in response to ArcelorMittal's job cuts and relocation plans?

ArcelorMittal's announced plan to cut 636 jobs in France and transfer 1400 support positions to India has prompted a strong reaction from French Socialists, who are proposing a bill to place the company's Dunkirk site under state control. This follows accusations that ArcelorMittal has failed to meet its commitments and invest in French production. The proposed legislation aims to ensure continued operation and job preservation, potentially leading to a sale or partial nationalization.

lemonde.fr

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Mar 25, 13:11

ArcelorMittal Indicted for Industrial Pollution in France

A French court indicted ArcelorMittal for endangering lives and fraud due to industrial pollution near Fos-sur-Mer, France, following complaints from 300 residents and associations; the company denies the accusations and faces significant financial penalties.

ArcelorMittal Indicted for Industrial Pollution in France

A French court indicted ArcelorMittal for endangering lives and fraud due to industrial pollution near Fos-sur-Mer, France, following complaints from 300 residents and associations; the company denies the accusations and faces significant financial penalties.

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What are the immediate consequences of ArcelorMittal's indictment for industrial pollution in Fos-sur-Mer, and what does it signal regarding environmental regulations in France?

ArcelorMittal, a steel producer, was indicted in France for endangering lives and fraud due to industrial pollution near Fos-sur-Mer. The company, which denies the accusations, faces a €250,000 bail and a €1.7 million bank guarantee. Approximately 300 residents and associations initiated the legal action.

forbes.com

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Dec 12, 19:12

ArcelorMittal: Projected Revenue Growth and Earnings Potential

ArcelorMittal projects a 14% revenue increase by 2028, adding $9 billion, driven by strong EBITDA growth and diversification, despite market challenges and geopolitical risks. This could double earnings and significantly increase the stock price.

ArcelorMittal: Projected Revenue Growth and Earnings Potential

ArcelorMittal projects a 14% revenue increase by 2028, adding $9 billion, driven by strong EBITDA growth and diversification, despite market challenges and geopolitical risks. This could double earnings and significantly increase the stock price.

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What is the primary driver of ArcelorMittal's projected earnings growth, and what are the immediate consequences of this growth?

ArcelorMittal, a leading steel producer, is projected to achieve a 14% revenue increase by 2028, adding $9 billion. This growth, coupled with rising EBITDA/ton (from $89 to $133 in the first nine months of 2024), suggests a potential doubling of earnings. Current market conditions, while challenging, haven't hindered profitability due to investments and cost control.

elpais.com

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May 22, 16:14

Spain Urges EU Action to Counter Industrial Relocation

Spain's Minister of Industry and Tourism, Jordi Hereu, urged the European Commission to implement measures to bolster industrial relocation within the EU, prompted by ArcelorMittal's decision to move administrative services to India. This request comes amidst global trade tensions and aims to protec...

Spain Urges EU Action to Counter Industrial Relocation

Spain's Minister of Industry and Tourism, Jordi Hereu, urged the European Commission to implement measures to bolster industrial relocation within the EU, prompted by ArcelorMittal's decision to move administrative services to India. This request comes amidst global trade tensions and aims to protec...

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What immediate actions is Spain requesting from the European Commission to counteract the trend of industrial relocation, specifically in light of ArcelorMittal's decision?

ArcelorMittal's decision to relocate administrative services from Europe to India prompted Spain's Minister of Industry and Tourism, Jordi Hereu, to request EU intervention. Hereu emphasized the strategic importance of the steel, aluminum, and automotive sectors for Europe and Spain, advocating for measures to strengthen industrial relocation. This follows the EU's March plan to support the European steel industry amidst global trade tensions.

forbes.com

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May 16, 16:11

ArcelorMittal's Low Margins Despite Stock Surge Raise Investor Concerns

ArcelorMittal (NYSE:MT) reported a Q1 2025 net income margin of 5.4%, significantly lower than industry peers, due to higher European costs, sluggish demand, and operational inefficiencies compared to US competitors like Nucor and Steel Dynamics, raising investor concerns despite recent stock gains.

ArcelorMittal's Low Margins Despite Stock Surge Raise Investor Concerns

ArcelorMittal (NYSE:MT) reported a Q1 2025 net income margin of 5.4%, significantly lower than industry peers, due to higher European costs, sluggish demand, and operational inefficiencies compared to US competitors like Nucor and Steel Dynamics, raising investor concerns despite recent stock gains.

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What are the key reasons for ArcelorMittal's significantly lower net income margin compared to its industry peers, and what are the immediate implications for investors?

ArcelorMittal's Q1 2025 net income margin was a low 5.4%, significantly below industry peers like Barrick Gold (17.4%) and Kinross Gold (24%). This underperformance, despite a 16% stock increase, is primarily due to higher energy and environmental costs in Europe and sluggish demand recovery.

lemonde.fr

🌐 85% Global Worthiness

May 1, 16:13

French May Day Protests Highlight Unemployment, Social Unrest

Widespread protests across France on May 1st, 2024, driven by rising unemployment and ArcelorMittal's planned job cuts, attracted 100,000-150,000 participants, with clashes in Nantes resulting in arrests, while left-wing political figures participated in the demonstrations.

French May Day Protests Highlight Unemployment, Social Unrest

Widespread protests across France on May 1st, 2024, driven by rising unemployment and ArcelorMittal's planned job cuts, attracted 100,000-150,000 participants, with clashes in Nantes resulting in arrests, while left-wing political figures participated in the demonstrations.

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How did the protests reflect broader concerns beyond unemployment and job security?

The protests, attracting an estimated 100,000-150,000 participants according to police sources, underscore broader socio-economic discontent. Specific examples include demonstrations in Dunkerque against ArcelorMittal and clashes in Nantes between protestors and law enforcement, resulting in arrests and property damage. This highlights the tension between economic anxieties and government policies.

lemonde.fr

🌐 85% Global Worthiness

May 1, 19:18

Large-Scale May Day Protests in France Amid Rising Unemployment and Geopolitical Concerns

Over 300,000 people protested across France on May Day, driven by rising unemployment, concerns over global instability, and opposition to job cuts at ArcelorMittal; clashes erupted between protesters and police in several cities, including Paris and Nantes.

Large-Scale May Day Protests in France Amid Rising Unemployment and Geopolitical Concerns

Over 300,000 people protested across France on May Day, driven by rising unemployment, concerns over global instability, and opposition to job cuts at ArcelorMittal; clashes erupted between protesters and police in several cities, including Paris and Nantes.

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What were the key demands and concerns expressed by protesters during the May 1st demonstrations in France?

On May 1st, over 300,000 people protested across France, with 100,000 in Paris alone, according to the CGT union. The protests, fueled by rising unemployment and concerns about global instability, included demonstrations against ArcelorMittal's planned job cuts. Multiple left-wing political figures participated in the events.",

lemonde.fr

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Feb 25, 04:08

EU Steel Ministers to Meet Amidst 25% US Tariff Increase

European steel ministers will meet in Paris on Thursday to address a 25% US tariff increase, adding to existing challenges from cheap Chinese steel and high energy prices, threatening over 300,000 European jobs and prompting calls for a coordinated response.

EU Steel Ministers to Meet Amidst 25% US Tariff Increase

European steel ministers will meet in Paris on Thursday to address a 25% US tariff increase, adding to existing challenges from cheap Chinese steel and high energy prices, threatening over 300,000 European jobs and prompting calls for a coordinated response.

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What immediate actions will European steel industry ministers take in response to the 25% US tariff increase on steel imports?

European steel industry ministers will meet in Paris on Thursday to discuss countermeasures against a 25% US tariff increase imposed by the Trump administration. The sector, employing over 300,000 in Europe, already faces challenges from cheap Chinese steel and high European energy prices. A joint declaration with concrete proposals is expected.

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