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ArcelorMittal swung to a first-quarter profit of $679 million, compared with a net loss of $1.06 billion a year earlier. Revenue jumped 23% to $18.65 billion from $15.12 billion.

Boosted by strong demand in emerging markets, ArcelorMittal swung to a fourth-quarter profit of $1.07 billion, compared with a net loss of $2.63 billion a year ago. Revenue dropped 16% to $18.64 billion.

ArcelorMittal announced it will cut 10,000 jobs, mostly affecting workers in Europe and the U.S. The steelmaker also said it will increase production to raise capacity utilization to 70% by the end of the year from 61% in the third quarter.

Affected by $1.2 billion in inventory write-downs and costs, steelmaker ArcelorMittal reports a second-quarter loss of $792 million from a profit of $5.84 billion a year earlier, and a 60% drop in revenue to $15.2 billion. In related news, Nippon Steel Corp. reports a first-quarter net loss of 42.25 billion yen from a profit of 82.76 billion yen a year earlier.

Affected by declining steel demand, ArcelorMittal reports a first-quarter net loss of $1.06 billion, and a 49% drop in sales to $15.12 billion. The steel producer is operating at about 50% capacity and will continue to shift production to lower production costs. ArcelorMittal plans to offer $3 billion in shares to lower its debt and shore up its finances.

U.S. Steel Corp. reports a first-quarter net loss of $439 million, and a 47% drop in sales to $2.75 billion. The company plans to offer 18 million shares of common stock and cut quarterly dividends to raise cash and reduce its debt. Capital expenditures in 2009 will be cut by $330 million. U.S. Steel expects a loss in its second quarter.

Steel giant ArcelorMittal reports a fourth-quarter net loss of $2.6 billion, and a drop in revenue of 21% to $22.09 billion. In the same quarter, the company reduced its net debt by $6 billion to $26.5 billion, and cut its steel production by 45% in response to plummeting demand. ArcelorMittal plans to reduce its workforce by an additional 9,000 workers to conserve cash.

U.S. Steel Corp. reports a rise in fourth-quarter net income to $308 million from last year's $35 million, and a slight rise in sales to $4.57 billion from a previous $4.54 billion. Affected by plummeting steel demand, the company expects to post operating losses. In related news, Nucor Corp. reports a 71% fourth-quarter net income drop to $105.9 million, and a drop in sales of 5.6% to $4.15 billion. Bogged down by charges, rival firm AK Steel reports fourth-quarter losses of $430.6 million.

Citing a drop in demand, U.S. Steel Corp. plans to reduce its North American workforce by 13%, or 3,500 salaried and union workers. U.S. Steel has also undertaken production cutbacks including facility shutdowns in an effort to stabilize plummeting steel prices.

Steel giant ArcelorMittal reports a 29% third-quarter net profit increase to $3.82 billion, and a 38% sales increase to $35.2 billion. In response to falling demand and prices, the company also announced it will more than double its planned production cuts to at least 35%.

Helped by rising demand and price increases, U.S. Steel Corp.'s second-quarter net income more than doubled to $668 million while sales grew 60% to $6.74 billion. U.S. Steel's shares rose 14% to close at $165.76 on the New York Stock Exchange. Because of additional planned price hikes, the company expects to post strong results for its third fiscal quarter.

The article discusses the impact on the global steel industry of uncertainty over how much steel China produces and consumes. Figures on steel production from the Chinese government don't include output from hundreds of independently-managed steel mills. Consequently, steel makers in the U.S., Europe, and Asia have no reliable data from China on which to base production decisions.

The article reports that higher industry output coupled with declining demand are exerting downward pressure on global steel prices. In China steel prices have fallen up to 10% amid a 16% increase in steel production. Although steel prices in the U.S. have remained strong, economist Peter Marcus said they could be heading downward too.

The article discusses subdued expectations among steel companies for the fourth quarter of 2010. Chief executive Lakshmi Mittal of ArcelorMittal said orders for steel have fallen as customers work through their inventories. Chief executive John Surma of U.S. Steel Corp. noted that demand in most of its markets has declined.

The article discusses China's steel industry and its affect on global competitors. President Deng Qilin of steel maker Wuhan Iron & Steel Group Corp. has said China's steel industry needs to consolidate more and improve the quality of its output, views shared by the Chinese government. Foreign steel makers are responding to the prospect of stiffer Chinese competition by forming partnerships with Chinese companies, investing in emerging markets, and modernizing their own facilities.

The article discusses rising steel prices. One contributing factor has been production cutbacks in China imposed to meet government targets for energy use. In China several steel makers including BaoSteel have imposed price increases for several types of steel, as have South Korean steelmaker Posco and Indian firm Tata Steel.

The article examines the U.S. steel industry. Prices for steel fell sharply in June, 2010 and steel mills have limited production as a result. The price and production decline are considered as economic indicators of a slowdown in overall manufactures and continued economic weakness in the U.S. The effects on imports on steel prices are discussed.

The article reports that rising production at steel mills around the world could exert downward pressure on steel prices. By one estimate, steel output in 2010 could exceed demand by up to 200 million metric tons. Surplus steel from China in particular has begun to appear in export markets. Some buyers are refraining from purchases in the expectation that prices will fall.

The article discusses efforts by steel makers in the U.S. to downsize their operations. Evraz Inc. has yet to set a date for restarting an Oregon plant it shut down in July, 2009. U.S. Steel Corp. indicated two furnaces it idled for maintenance may stay offline longer than expected. ArcelorMittal has closed plants in Lackawana, New York and Hennepin, Illinois.

The article discusses declining steel prices. Since August, 2009 the price of hot-rolled steel has fallen around 8%. Several steel makers including ArcelorMittal and Baosteel Group Co. increased production in response to government programs to stimulate economic growth. However, Thomas Ludwig of Klockner & Co. notes that much added production has gone to replenishing inventories, and that demand remains weak.

The article discusses a quarterly earnings report from U.S. Steel Corp. Although the firm disclosed a $392 million loss, chief executive John Surma indicated prices for certain steel products had improved in both the U.S. and Europe. The company recalled several hundred laid-off workers to its Granite City, Illinois flat-rolling mill.

The article discusses a U.S. steel mill built by Indian firm Welspun-Gujarat Stahl Rohren Ltd. Conceived at a time when demand for steel was robust, the Little Rock, Arkansas facility opened in May, 2009 amid greatly diminished demand. Welspun-Gujarat chairman B.K. Goenka sees the plant as an opportunity to establish a U.S. presence and prepare for an improving economy.

The article reports that an antidumping lawsuit was filed by the U.S. steel industry against China. In terms of international trade law, dumping is defined as the act of a manufacturer in one country exporting a product to another country at a price which is either below the price it charges in its home market or is below its costs of production. Commentary is provided by Roger Schagrin, one of the lead attorneys for the group of seven U.S. companies that brought the suit to court.

The article reports that steady and significant increases in the price of steel are having marked effects on the world economy. Major construction projects are being slowed or stopped, as are investments in shipbuilding and oil and gas exploration. India's government has imposed a three-month freeze on steel prices as a response. ArcelorMittal, the world's largest steel making company, announced a 20 percent price hike on May 14, 2008.

Examines the steel industry and how steelmakers are required to use more sophisticated and technological equipment now than during steel's heyday. Profile of Steel Dynamics Inc. of Fort Wayne, Indiana; Roles of various workers at Steel Dynamics using spectrometers and cameras in the production of steel; Number of employees expected to be working for Steel Dynamics when the company is operating at full capacity, suggesting that technology has reduced the number of people required to make steel.

The article reports that steelmaker ArcelorMittal has posted its highest worldwide production in the first quarter of 2011 since the recession began and has announced plans to invest more in the expansion and purchasing of iron-ore and coal mines.

The article reports that U.S. steelmakers have put price increase clauses in their sales contracts due to rising iron-ore prices.

The article reports on the plan of the steel company ArcelorMittal to increase prices as global market recovers in 2010.

The article reports on the move by chief executive officers (CEO) of major U.S. steelmakers to lobby against proposed limits on carbon emissions and reduced spending on infrastructure projects under climate-control and energy laws.

The article reports on the weak 2009 fourth-quarter results posted by steel manufacturers in the U.S. including U.S. Steel Corp. and Nucor Corp., indicating a slow pace of recovery.

The article reports on the increasing demand for steel in China in 2010, which is expected to dominate the steel industry as never before. It cites the move of steelmakers that idled their production when the global economy slowed to increase their output. This year, the nation is expected to produce 600 million metric tons of steel, which is said to be about half of the total output of the world. In 2009, steel exports of the nation fell between 10% and 50%, depending on the product and country.

The article reports that the U.S. International Trade Commission (ITC) is set to rule on December 30, 2009 on the claims of U.S. steel manufacturers that they have been severely affected by the subsidized Chinese steel which was dumped into the U.S. According to a ruling held by the Department of Commerce, steel pipe and tube producers in China dumped subsidized steel into the U.S. and imposed preliminary duties. It notes that in the steel case, the domestic industry has framed its case in relation to potential job loss.

The article reports on the weakness in the steel sector in 2009. It notes that steel demand and prices remain weak despite indications that the industry was profiting from the global stimulus plans. Steel manufacturer ArcelorMittal posted better third quarter net profit as compared to earlier quarters yet saw a drop of 76% from the previous year. It adds that optimism for the stronger prices of steel in Western Europe has waned.

The article discusses efforts by the Chinese government to promote consolidation of the nation's steel industry. Regional governments and steel employees have fought prior attempts at downsizing. Now authorities are considering plans that would free up cash for mergers by reducing taxes on steel mills, and also generate resources for helping displaced workers.

The article reports that the plan of ArcelorMittal to construct its first two steel mills in India is likely to be delayed as the company failed to acquire lands for the structures. The government has approved the plan of the steelmaker to develop the steel mills worth 20 billion U.S. dollars. One of the plants is to be located in Orissa which will produce 12 million metric tons of steel.

An interview is presented with Lakshmi Mittal, Chief Executive Officer (CEO) of the steel industry company ArcelorMittal. Mittal describes cost control measures the company initiated to cope with the effects of the global recession. He states that the company will moderate its past strategic focus on growth. Mittal says that emerging markets offer ArcelorMittal its best opportunity for further growth.

The article reports on the move by big Chinese steelmakers to redirect negotiations to the contract-prices for iron ores in 2010. It notes that the steelmakers have largely given up the effort of negotiating discounts for iron-ore purchases in 2009. Challenges to the discounts for Chinese steelmakers include a strengthening world economy and the increasing demand of the country for steel under its economic stimulus program. The steelmakers are working on getting a nearly 50% drop in the contract-prices for iron ores.

The article reports on the plan of Brazil-based mining company Vale SA not to settle iron-ore contract prices with China unless its rivals BHP Billiton Ltd. and Rio Tinto Ltd. settle with Chinese steelmakers first. Some of the contracts of BHP with Chinese buyers have already been settled as opposed to Rio Tinto which failed to reach an agreement. The aim of the plan of Vale is to avoid obtaining less money after settling ahead of its rivals like in the 2008 deal.

The article reports on a loss incurred by steelmaker ArcelorMittal after charges in the second quarter of 2009. The company expects recovery outside of the U.S. and Western Europe which prompts a moderate increase in prices and output. Another two quarters of weak demand are expected in those two markets but an overall improvement during the third quarter is seen. Lakshmi Mittal, chief executive of ArcelorMittal, commented on the performance of the company. Also noted is the net loss posted by Nippon Steel Corp. also in the second quarter of 2009.

The article reports on a new system for setting iron-ore prices being forged by the world's biggest miners and steelmakers. The new system is expected to increase the volatility of steel prices, but would make the process more transparent. The effort coincides with the tension between miners and China, which is cited as the biggest iron-ore customer. Among the miners involved in the initiative are BHP Billiton and Rio Tinto.

The article reports on the plan of steel producer ArcelorMittal to shift its focus from the developed countries to China and other emerging countries. Lakshmi Mittal, chief executive officer (CEO) of ArcelorMittal, believes that while per capita consumption of steel in developing countries remains low, there will be an increase in investment in infrastructure projects as they recover. The company also made changes in production capacity to reflect this shift, and instituted plans to counter the global recession.

The article reports on the decision of many stainless steel makers in the U.S. to increase their prices despite weak demand. The steelmakers were forced to raise prices due to high operating costs, according to Dennis Oates, chief executive officer (CEO) of Universal Stainless & Alloy Products Inc. Some of the steelmakers which have announced that they would increase prices include Allegheny Technologies Inc. and AK Steel Corp. It relates the reaction of steel service centers to the price hikes.

This article reports that the U.S. steel industry is bracing for the impact of the carbon-emissions cap and trade system legislation being considered by Congress. U.S. Steel Corp., AK Steel, ArcelorMittal SA and OAO Severstal are among the operators in the U.S. that are expected to lose much as their operations are carbon-intensive. The industry is lobbying to get credit for its reduction of carbon emissions since the 1990s.

The article discusses protests by employees for steel manufacturer ArcelorMittal. Workers violently disrupted the firm's annual meeting on May 12, 2009. ArcelorMittal's Hennepin, Illinois plant was the target of a nonviolent protest in April, 2009. Central to employees' discontent are plans by the firm to close certain facilities and delay the reopening of others.