The clean industrial transition is on a positive trajectory, but still requires considerable funding to reach its full potential – the latest report by the Mission Possible Partnership (MPP) shows.
The steelmaker announced that it expects to generate free cash flow (FCF) during 2025 and beyond. It also said that it would distribute half of post-dividend FCF to shareholders through share buybacks.
ArcelorMittal South Africa announces plans to wind down its Longs Business by January 2025, affecting around 3,500 jobs. The company cites high logistics, energy costs, and low-cost imports from China as key factors for this decision, with major economic consequences for the Newcastle region.
With the earnings season now halfway through, the percentage of S&P 500 companies reporting positive earnings surprises and the magnitude of earnings surprises were above their 10-year averages.
Steel is a foundational building material and a major market commodity with important taxing rules and import guidelines, the enforcement of which benefits economic advancement and safeguards the nation's infrastructure.
U.S. Steel accused Cleveland-Cliffs of sabotaging a deal, but Cliffs presents evidence countering the claims and criticizes U.S. Steel's mismanagement. ArcelorMittal is testing a carbon capture unit, U.S. GoldMining prepares for field season, and Southern Copper's Tia Maria mine is expected to break ground.
Arcelor Mittal's stock surges in premarket trading after projecting 3%-4% steel demand growth in FY24, supported by upbeat Q1 results and optimistic outlook.
Shares of Skillsoft Corp. (NASDAQ: SKIL) fell sharply during Tuesday’s session after the company reported mixed fourth-quarter financial results and issued FY25 revenue guidance below estimates.
