By Pierre Bertrand ArcelorMittal, the Luxembourg-based steelmaker, announced a decrease in second-quarter earnings due to a decline in steel shipments and lower average steel selling prices. The company reported $1.86 billion in net profit for the quarter, a significant decrease from the prior year's $3.92 billion, with revenue falling by 16% to $18.61 billion. Earnings before … [Read more...] about ArcelorMittal Reports Lower Q2 Earnings
ArcelorMittal
European Commission Approves State Aid for Decarbonization Efforts of Thyssenkrupp and ArcelorMittal
By Pierre Bertrand The European Commission has given its approval for state aid measures amounting to a total of €2.85 billion ($3.19 billion) to be allocated towards decarbonizing the operations of Thyssenkrupp and ArcelorMittal. Thyssenkrupp's Steel Europe Business Thyssenkrupp's Steel Europe business will receive a grant of up to €550 million from the German government. The … [Read more...] about European Commission Approves State Aid for Decarbonization Efforts of Thyssenkrupp and ArcelorMittal
