ArcelorMittal

ArcelorMittal posted slightly better-than-expected underlying earnings for the fourth quarter despite a negative impact from the disposal of its Kazakh operations, and said it sees improving steel demand conditions in 2024. ArcelorMittal posted slightly better-than-expected underlying earnings for the fourth quarter despite a negative impact from the disposal of its Kazakh operations, and said it sees improving steel demand conditions in 2024. FOLLOW US ON GOOGLE NEWS Read original article here Denial of…

ArcelorMittal’s India-based design and engineering arm will also be posting its engineers at the site for providing design and engineering expertise and overseeing the project.ArcelorMittal has partnered with the Indian Institute of Technology Madras to construct Asia’s first Hyperloop testing facility at their campus in Chennai, which is expected to be operational by March this year.AM/NS India – a joint venture between ArcelorMittal and Nippon Steel – will supply 400…

This story was originally published by Grist. Sign up for Grist’s weekly newsletter here.What Is Carbon Capture? With Gizmodo’s Molly Taft | TechmodoIn the Mon Valley of western Pennsylvania, steel was once a way of life, one synonymous with the image of rural, working-class Rust Belt communities. At its height in 1910, Pittsburgh alone produced 25 million tons of it, or 60 percent of the nation’s total. Bustling mills linger along the Monongahela River and around Pittsburgh, but employment has been steadily winding down…

AMSTERDAM—A big winner from the energy crisis in Europe: the U.S. economy.Battered by skyrocketing gas prices, companies in Europe that make steel, fertilizer and other feedstocks of economic activity are shifting operations to the U.S., attracted by more stable energy prices and muscular government support.  As wild swings in energy prices and persistent supply-chain troubles threaten Europe with what some economists warn could be a new era of deindustrialization, Washington has unveiled a raft of incentives for…

ArcelorMittal SA, MT 1.62% one of the world’s largest steelmakers, said it plans to close two of its plants in Germany amid soaring electricity costs. Steelmaking is particularly energy intensive, alongside other industries like fertilizer and chemical production and glass making. Steelmakers have also been hit by efforts to reduce emissions and by lower metals prices, as slowing global growth impacts order books.…