Mittal Steel Company NV

ArcelorMittal SA, the world's largest steelmaker, said Wednesday that profit climbed 5 percent in the first quarter to $2.37 billion as strong worldwide demand allowed it to hike prices despite higher costs. Chief Executive Lakshmi Mittal said demand...

Bloomberg News OAO Severstal on Friday agreed to buy ArcelorMittal's Sparrows Point steel plant in Baltimore, as Russia's largest steelmaker bets against a prolonged economic slump in the U.S. Severstal will pay $810 million in cash for Sparrows...

A series of multibillion-dollar acquisitions gave Wall Street a modest advance Monday although many investors remained cautious ahead of the Federal Reserve's decision on interest rates later in the week. Investors were cheered by news from mining...

Each day, rail cars carrying steel slabs minted some 300 miles east at Baltimore County's Sparrows Point mill arrive at Esmark Inc.'s Wheeling-Pittsburgh plant here. Huge trucks with claws in their underbellies grab the slabs and haul them to Wheeling-...

For the better part of three decades, as Richard Offley grew from a boy to a man on the peninsula between the Patapsco and Back rivers, the Sparrows Point steel mill was at the center of community life. Back then, it was still owned by Bethlehem Steel...

The prospective owner of Sparrows Point steel mill told workers yesterday that he plans to run the Baltimore County plant at full capacity and invest in new facilities, which could lead to more jobs and construction on the 3,000-acre site. Craig...

A multinational joint venture that has pledged to reverse years of downsizing at the Sparrows Point steel mill said yesterday that it has won Justice Department approval to buy the Baltimore County plant for $1.35 billion. E2 Acquisition Corp., the...

Official word began trickling in by e-mail, fax and cell phone before dawn yesterday to workers on the early shift. By midday, one way or another, most all of the 2,100 or so hourly workers at the Sparrows Point steel mill had been told the name of the...

The Justice Department's order that Mittal Steel Co. NV sell its Sparrows Point mill in Baltimore County raises questions about the future for the plant and its workers. Here's a look at some of the issues: Why did the government order Mittal to sell...

Russian steelmaker OAO Severstal completed yesterday its $810 million acquisition of the Sparrows Point steel mill from ArcelorMittal with plans to invest significantly in the Baltimore County plant and rev up production. Sparrows Point management and...