ArcelorMittal cuts Belgian finished steel production
Itri. com reports that ArcelorMittal (AMS:MT,NYSE:MT) plans to among other things, shut down a tinplate line in Q1 of 2011.
Articles Tagged "arcelormittal"
Defeated ArcelorMittal Lowers Tin Price
Following major criticism over the increase of its tin-plate prices, which were adjusted yearly by 69% to 78%, ArcelorMittal South Africa (ACLJ.J) has toned down prices. The decision was welcomed by the packaging industry. But tin prices have yet to respond significantly to the fresh supply problems in Indonesia, which may be partly due to the strong recovery in Chinese production.
ArcelorMittal SA failed to reach a price smoothing agreement
Dr Rob Davies deputy trade & industry minister of South Africa has expressed disappointment at the failure of ArcelorMittal SA to touch a price smoothing agreement with the packaging industry in order to avoid the prospect of a tin plate price spike in 2009, which was sure to increase tinned food prices. For full story, [...]
Demand for tin shoots up
It couldn't have come at a better time. Sentiment on the LME metals complex is still trapped between the conflicting signals coming from East and West, resulting in choppy, consolidatory price action. However, downside momentum has stalled across the board with predators now looking for "relative value" plays.
