Lakshmi Mittal News

The majority of European steelmakers are against the implementation of subsidies to help troubled companies to survive, the president of European steel association EUROFER said on Thursday.

The world's largest steel maker by revenue said before the market opened Friday that steel markets are stabilizing, it's sharply reduced its debt, and efforts to focus on higher-margin segments are yielding results.

Top Stories Dollar rises above 100, Nikkei Soars. For the first time since April of 2009, the yen fell through the 100-level against the dollar, helping the Nikkei rally nearly 3% on the session and almost 7% on the week.

ArcelorMittal SA, the world's largest steelmaker, slumped to a first-quarter loss, even as the company's chief executive said restructuring efforts are starting to pay off and the steel market is stabilizing after a big reverse in the middle of last year.

ArcelorMittal SA, the global steel-making giant, has reported a loss for the first quarter, even as restructuring efforts are beginning to pay off and the steel market is stabilizing after a sharp decline in mid-2012. The net loss was 345 million euros , compared to a profit of 92 million euros in the first quarter of 2012.

Ted is a member of The Motley Fool Blog Network -- entries represent the personal opinion of the blogger and are not formally edited.

The love affair is over: Then French President-elect Francois Hollande stops to speak to the media as he greets supporters outside his campaign headquarters in Paris just before assuming office in May 2012.

The Warner Music Group owner has a 25-metre swimming pool, divided between indoor and outdoor sections, which property experts said is probably unique in central London.

The freshly cut inscription on the marble "tombstone" was savage and to the point: "Betrayal! Here lie the promises of F. Hollande which were made to workers and their families in Florange on 24 February 2012.

The film chronicles the take over of the nearly bankrupt club in 2007 by a consortium of billionaires and their effort to promote the team to the Premier League by 2011.

Indian-origin steel tycoon Lakshmi Mittal, who spent eight years at the top of the Sunday Times Rich List, has dropped down to fourth position this year while leading NRI industrialist Lord Swraj Paul has emerged as the wealthiest Peer in the House of Lords.

AFTER eight years at the top of an annual survey of the wealthiest people in Britain, steel magnate Lakshmi Mittal has conceded his place to Russian billionaire Alisher Usmanov.

A Turbulent year in the City left its mark on the Sunday Times Rich List, as steel magnate Lakshmi Mittal was toppled from the top spot by mining and media mogul Alisher Usmanov.

Note: We do not store your email address but your IP address will be logged to prevent abuse of this feature.

It still has to make net profit, but Mukesh Ambani's quest for profit at retailing may be just what flagship RIL needs in longer term.

ArcelorMittal CEO Lakshmi Mittal said on Saturday he regretted that the steel giant was having to permanently close two French blast furnaces but high labour and energy costs kept France at a competitive disadvantage.

Alisher Usmanov, who owns a 30% stake in Arsenal Football Club, replaces Lakshmi Mittal at the top of the Sunday Times Rich List.

Russian tycoon Alisher Usmanov has topped the Sunday Times ranking of the wealthiest people in Britain and Ireland with a fortune of A 13.3bn. Warner Music's Len Blavatnik comes next in the 25th annual list with A 11bn but steel magnate Lakshmi Mittal's A 10bn sees him drop from first to fourth.