ArcelorMittal To Sell Skyline Steel To Nucor …

ArcelorMittal, the largest steel producer in the world, announced in a press release on Friday that they will be selling Skyline Steel and Astralloy to Nucor Corporation for $605 million. The press release detailed that Aditya Mittal, CFO and member of the Group Management Board for AcrelorMittal, stated: Skyline Steel and Astralloy are strong specialist … ArcelorMittal To Sell Skyline …
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Beware falling iron ore: Fortescue

IRON ore prices will fall 19 per cent before finding a ”long-term, sustainable” level as China’s economy slows, says Fortescue Metals chief executive Neville Power. The steel-making raw material will drop to about $US110 a tonne, Mr Power told ABC television’s Inside Business yesterday. Iron ore traded at $US135 a tonne on…
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