SMU has been asked about the status of the negotiations regarding the sale of the ThyssenKrupp Steel Americas assets. This includes ThyssenKrupp Steel USA and their sister facility in Brazil which produces slabs – CSA. We understand the due diligence process continues and a number of mills have been through both facilities. Based on SMU […]
Written by: Sandy Williams ArcelorMittal announced Wednesday that it will offer common stock and mandatorily convertible subordinated notes (MCNs) for an expected amount of $3.5 billion in an effort to reduce indebtedness. The company expects the sale of stock and notes, along with other initiatives, to enable ArcelorMittal to reduce its current debt to $17 […]
Written by: Sandy Williams ArcelorMittal will sell a 15 percent interest in ArcelorMittal Mines Canada to a consortium led by POSCO and China Steel Corporation for $1.1 billion. The deal will be completed over the first and second quarters of 2013. “We are committed to growing ArcelorMittal’s mining business,” said Peter Kukielski, Chief Executive of […]