Steel makers gain on Arcelor
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Asian stocks mostly rose on Monday,  as steel makers such as POSCO gained on the prospect of global  industry consolidation, but Japan&#039;s Nikkei closed lower amid  jitters ahead of industrial output data.
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Stock in AK Steel Corp. and other publicly traded US steel companies posted large gains Monday on news of a three-way merger that&#39;ll create the world&#39;s largest steelmaker.
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Steel group Arcelor has to  convince investors why it made a 13 billion-euro (&#36;16.59  billion) deal with Russia&#039;s Severstal instead of talking to  suitor Mittal Steel, analysts and shareholders said on Monday.
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Nucor Corp. NUE.N, one of the top  U.S. steelmakers, raised its quarterly profit forecast as much  as 44 percent on Thursday due to surging steel prices, sending  its shares to more than 20-year highs.
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Arcelor Mittal , the world's largest steelmaker, will expand its leading position in Mexico with the purchase of integrated steel producer Sicartsa from Grupo Villacero for $1.439 billion.
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Steel giants Arcelor and Mittal Steel, which are to combine to create by far the biggest world steel group, said their joint net profit was 1.310 billion euros in the second quarter.
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NEW YORK/FRANKFURT  - ArcelorMittal   has ended a $1.35 billion deal to sell its Sparrows Point steel plant to E2 Acquisition Corp because E2 had been unable to secure financing, the world's largest steelmaker said on Monday.
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High steel prices help Anglo-Dutch steelmaker Corus to report its first ever profit.
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High steel prices helps the UK's biggest steelmaker Corus to report a profit for the first six months of 2004.
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PITTSBURGH -- US Steel Corp. swung to its third consecutive quarterly profit, helped by higher prices and a tax gain, to beat analysts&#39; earnings estimates.
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LONDON/MUMBAI  - India's Tata Steel  is set to become the world's fifth-biggest steelmaker after winning a battle for Anglo-Dutch steelmaker Corus Group  with a 6.2 billion pounds ($12 billion) offer.
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United States Steel will buy the Canadian steel producer Stelco for $1.1 billion, a purchase making it the worldâs fifth-largest steel maker.
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Mittal Steel said Thursday that its profits soared in the fourth quarter, and in 2004, on skyrocketing global demand for building materials.
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Mittal Steel Co NV   said  on Wednesday it was announcing the final approval and timetable  of its agreed tender offer for rival steelmaker Arcelor  .
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Major Soviet steelmaker continues U.S. buying spree.
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Shares of AK Steel and several other steel makers rose sharply Friday, despite a short trading day, on speculation that steel supplies in Japan are short.
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Arcelor, the world&#39;s largest steel maker, said third-quarter core earnings more than doubled on the back of high steel prices and merger benefits, topping forecasts, with earnings set to receive a further boost from the