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ArcelorMittal Q2 2010 Earnings Call TranscriptSat, Aug 7, 2010
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Miranda Technologies Q1 2010 Earnings Call TranscriptWed, Jun 2, 2010
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at CNBC.com (May 10, 2013)
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at MarketWatch.com (May 10, 2013)
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at CNBC.com (May 10, 2013)
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at CNBC.com (May 10, 2013)
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at CNBC.com (Apr 1, 2013)
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at MarketWatch.com (Mar 14, 2013)
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at MarketWatch.com (Mar 11, 2013)
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at CNBC.com (Mar 6, 2013)
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at MarketWatch.com (Mar 4, 2013)
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at MarketWatch.com (Feb 6, 2013)
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at CNBC.com (Feb 6, 2013)
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at CNBC.com (Jan 10, 2013)
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at MarketWatch.com (Jan 9, 2013)
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at MarketWatch.com (Jan 4, 2013)
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at MarketWatch.com (Jan 2, 2013)
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at CNBC.com (Jan 2, 2013)
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at CNBC.com (Dec 21, 2012)
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at MarketWatch.com (Dec 21, 2012)
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at CNBC.com (Dec 21, 2012)
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at CNBC.com (Nov 15, 2012)
MT vs. ETF Alternatives
- All
- | Earnings
- | Dividends
- | M&A
- | On the move
- Wednesday, January 2, 9:02 AM Markets like ArcelorMittal's (MT) agreement to sell a 15% stake in its Canadian iron ore unit to a consortium of Asian investors, believing it will help the steelmaker reduce its substantial debt. Macquarie says the deal's implied $7.3B valuation for the mining operations is “an excellent result” for MT, and could be a sign the company "believes the iron ore cycle is past its peak.” MT +2.2% premarket. Comment! [Commodities, M&A, On the Move]
- Tuesday, January 1, 7:22 AM Posco confirms that it is part of a group that has agreed to acquire a 15% stake in iron-ore company ArcelorMittal Mines Canada (MT) for $1.1B. Earlier today, it was reported that China Steel will invest $540M and Posco $270M, with the South Korean firm looking to bring in other potential investors. (Previously) 2 Comments [M&A, Commodities]
- Tuesday, January 1, 6:02 AM Posco (PKX) says it has agreed to acquire a stake in ArcelorMittal Mines Canada, although the South Korean company hasn't decided how big a holding it will buy or how much it will spend. Different reports said that Posco will purchase 15% for $1.1B, or that the firm will acquire the holding as part of a group that includes China Steel. In October, ArcelorMittal (MT) was reported to be considering selling 30% of the Canadian iron ore unit. (Previously) 3 Comments [M&A, Commodities]
- Thursday, December 13, 2012, 5:21 AM ArcelorMittal (MT) CEO Lakshmi Mittal confirms the company could be interested in acquiring ThyssenKrupp's (TYEKF.PK) steel plant in Alabama. Credit Suisse's Michael Shillaker reckons that buying the facility, likely to fetch $1B-1.5B, "could be a smart move," but probably would add to MT's high net debt. On France, where MT has had its problems, Mittal says it's still a "place we can do business" in. Comment! [M&A, Commodities]
- Tuesday, December 4, 2012, 3:21 AM A Posco (PKX) led group is reportedly in exclusive negotiations to acquire a 10% stake in ArcelorMittal Mines Canada (MT) after the consortium was named as the preferred bidder for the holding, which is worth $1B. Previous speculation said the South Korean steelmaker would invest $200M-300M in the iron-ore miner, with the rest coming from its partners. Comment! [M&A, Commodities]
- Thursday, November 15, 2012, 8:53 AM ArcelorMittal (MT) agrees to sell its 50% stake in South African manganese explorer Kalagadi Manganese for 3.9B rand ($447M) as it continues to sell non-core assets to pay down debt. The three farms on which Kalagadi holds mining rights are believed to contain 960M metric tons of manganese ore. Comment! [Commodities, M&A, Global & FX]
- Wednesday, November 14, 2012, 4:26 AM South Korean steelmaker POSCO (PKX) is part of a consortium seeking to acquire a 10% stake in ArcelorMittal Mines Canada (MT) for $1B, South Korean publication Money Today reports. POSCO would invest $200M-300M in the iron-ore miner, with the rest coming from its partners. POSCO would only confirm that it's looking at buying a stake in the ArcelorMittal unit. Comment! [Commodities, M&A]
- Tuesday, October 2, 2012, 4:52 AM ThyssenKrupp (TYEKF.PK) is considering selling its two-year old $5B high-tech steel plant in Alabama and its $6.8B facility in Brazil after a strategy to transport slabs from the latter facility for processing into high-grade sheets in the U.S. factory led to massive losses. Those officially or unofficially interested in the Alabama plant include Nucor (NUE), U.S. Steel (X) and ArcelorMittal (MT). 1 Comment [M&A, Commodities, Top Stories]
- Wednesday, July 25, 2012, 2:36 AM ArcelorMittal (MT) agrees to sell its 48.1% stake in Paul Wurth Group to SMS GmbH, as part of the company's strategy to divest non-core assets. Financial terms weren't disclosed. (PR) Comment! [M&A, Commodities]
- Friday, May 18, 2012, 1:17 AM Nucor (NUE) announced late yesterday it will acquire the membership interests of Skyline Steel LLC and its subsidiaries from ArcelorMittal (MT) for ~$605M. Skyline had been a distributor of Nucor's piling products for more than two decades. Comment! [M&A]
- Tuesday, October 25, 2011, 6:04 AM ArcelorMittal (MT) quits a joint bid with Peabody Energy (BTU) to buy Macarthur (MACDF.PK) for A$4.9B ($5B). Peabody will therefore gain ownership of ArcelorMittal's existing 16.07% stake in the Australian miner. Yesterday, the companies said they had obtained a 59.85% majority interest in Macarthur. (previous) Comment! [Commodities, M&A]
- Monday, October 24, 2011, 5:26 AM Peabody (BTU) and ArcelorMittal (MT) obtain a 59.85% majority interest in Australia's Macarthur Coal (MACDF.PK), ensuring success for their A$4.9B ($5B) bid. (previous) Comment! [Commodities, M&A]
- Friday, October 21, 2011, 3:13 AM Peabody (BTU) and ArcelorMittal (MT) receive a major boost in their quest to buy Macarthur (MACDF.PK) after China's Citic (CTJHF.PK) says it will support the companies' A$4.9B ($5B) bid for the Australian miner. Citic's 25.2% in Macarthur will give Peabody and ArcelorMittal over 49% of the firm. (PR) Comment! [Top Stories, M&A, Commodities]
- Thursday, October 20, 2011, 11:54 AM Peabody Energy (BTU) and ArcelorMittal (MT) extend their A$4.9B ($5.1B) takeover offer for Macarthur Coal (MACDF.PK) for the third time as they work to convince major shareholders to back the bid. Comment! [Energy, M&A]
- Monday, September 19, 2011, 4:23 AM Peabody (BTU) and ArcelorMittal (MT) extend their sweetened $5.2B takeover bid for Macarthur Coal (MACDF.PK) to October 14. The bid was due to expire Sept. 27. Comment! [M&A]
- Thursday, September 8, 2011, 3:10 AM Anglo American (AAUKY.PK) backs away from making a counterbid for Macarthur Coal (MACDF.PK), leaving the way open for Peabody Energy (BTU) and ArcelorMittal (MT), which have offered A$4.83B ($5.12B), or A$16 a share. China's Citic, owner of 24.5% in Macarthur, wants A$18. Comment! [M&A, Commodities]
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XRTrader: Also, keep in mind when you listen to Mittal vs other Steel execs - the South American/Brazil, and some overseas units in MT have done well
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XRTrader: So, this mitigates the slower areas of the world for them. This is a very different picture than a more regional steel company may paint.
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XRTrader: YEAH! Love it. Hope we can break through back into the old trading range of $14 to 18...
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Energysystems: I think most of these material movers(today), have to do with that better than expected $AA report. Everything is popping. -
XRTrader: Energy. Yeah - i agree but its strange, because AA is not popping nearly as much as the ones that are supposedly popping on the AA news!
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vireoman: The answer is no. I thought I was done buying MT in the 13s, but got more shares today. If it goes lower, I'll scramble for more cash.
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Energysystems: As a long term position, I think it's a great entry point. Beaten down, but globally and vertically integrated.
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XRTrader: Energy - yeah, I agree. Largest steel maker in Brazil. Huge asian supplier. Huge auto footprint. Lots of good businesses in this company.
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LATEST REPLIES
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- View all 9 replies
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XRTrader: Also, keep in mind when you listen to Mittal vs other Steel execs - the South American/Brazil, and some overseas units in MT have done well
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XRTrader: So, this mitigates the slower areas of the world for them. This is a very different picture than a more regional steel company may paint.
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- View all 1 replies
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- View all 1 replies
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XRTrader: YEAH! Love it. Hope we can break through back into the old trading range of $14 to 18...
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- View all 6 replies
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Energysystems: I think most of these material movers(today), have to do with that better than expected $AA report. Everything is popping.
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XRTrader: Energy. Yeah - i agree but its strange, because AA is not popping nearly as much as the ones that are supposedly popping on the AA news!
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- View all 1 replies
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vireoman: The answer is no. I thought I was done buying MT in the 13s, but got more shares today. If it goes lower, I'll scramble for more cash.
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- View all 4 replies
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Energysystems: As a long term position, I think it's a great entry point. Beaten down, but globally and vertically integrated.
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XRTrader: Energy - yeah, I agree. Largest steel maker in Brazil. Huge asian supplier. Huge auto footprint. Lots of good businesses in this company.
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Energysystems: Can't say I'm suprised by the divi cut. Hard to be in any steel these days, red flags abound. Altho I really like MTs vertical integration
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