Steel Strip

LUXEMBOURG (Reuters) - Shares in takeover target Arcelor  were suspended on Wednesday while directors of the steel group held a board meeting in Luxembourg, pending a statement from the company.
French regulators asked the company, fighting off a 22.7 billion euro bid from Mittal Steel  and wanting to merge with Russia’s Severstal , to clarify the [...]

MOSCOW -(Dow Jones)- Russian coal and steel producer Evraz Group SA isn’t in talks to merge with U.K.-based Corus Group and has no plans to do so, an Evraz manager said Tuesday.
Andrei Teterkin, head of strategy at Evraz, told a conference: “We are not in any talks about any sort of potential joining [...]

Income from the football World Cup, according to one analyst, could add one-third of 1 percent to Germany’s gross domestic product this year. But while football fans from around the world gather in Germany this month to follow their national teams, other factors are helping to propel the country’s steel industry and its domestic market [...]

LONDON, June 20 — The Russian billionaire Aleksei Mordashov changed the terms today under which he would buy a big stake in the European steel giant Arcelor, in an effort to salvage a deal that is facing increasing opposition from shareholders.
Mr. Mordashov said that he was now planning to acquire a stake of just [...]