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People familiar with the matter said ThyssenKrupp was in exclusive talks to sell Calvert to a consortium of ArcelorMittal and Nippon Steel & Sumitomo Metal. Photograph: Ina Fassbender/Reuters

Germany’s ThyssenKrupp said it was nearing a long-awaited sale of its US steel plant and had reached an agreement to settle a cartel lawsuit, clearing(...)

A worker at an  Arcelor steel plant. The company, which makes 6-7 per cent of global steel and is a broad gauge for the health of the global manufacturing industry, says it believes it had passed the low point of the economic cycle. Photograph: Yves Herman/Reuters

ArcelorMittal, the world’s largest steelmaker, says its two-year slump was over and prospects for 2014 were looking up, after higher US steel shipment(...)

The $500-billion-a-year industry, which is  a gauge of the global economy, has been hit hard by falling demand from austerity-ravaged Europe and slowing growth in China. Photograph: Reuters

ArcelorMittal, the world’s largest steelmaker, defied fears of a profit warning yesterday and kept its earnings forecast for this year, helped (...)

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