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Express News | Syquant Capital's hedge fund employees are being investigated for providing insider information to relatives, involving 22 companies.
ArcelorMittal S.A.: ArcelorMittal's XCarb India Accelerator Programme for Breakthrough Climate Tech Start-ups Announces Winners
16 July, 2024 ArcelorMittal today announces it has selected three start-ups as the joint winners of its inaugural XCarb India Accelerator Programme. The programme attracted over 50 applications and
Unusual Options Activity: SQ, USFD and Others Attract Market Bets, SQ V/OI Ratio Reaches 159.4
EST Jul 12th Afternoon Delivery - In the last two hours of trading, 10 options with a high V/OI ratio were detected. With the market volatile, it's crucial to stay informed on the latest options
ArcelorMittal Seems an Attractive Buy as Steel Prices Trough, Citi Says -- Market Talk
1019 GMT - ArcelorMittal is an attractive buy and investors ought to feel tactically bullish about the Luxeumbourg-based steel company, Citi analysts say in a research note. Steel prices are weak
Jefferies Financial: Steel prices have nearly reached the bottom, and demand recovery may be delayed until 2025.
Jefferies Financial stated that steel prices have reached bottom and infrastructure-related demand is expected to rebound after the 2024 US Presidential Election or in the second half of 2025. The outlook comment for the coming quarter is expected to be cautious. The bank's top picks remain ArcelorMittal SA, Cleveland-Cliffs, and United States Steel, all of which are rated "buy". The report stated that ArcelorMittal is in a favorable position and will benefit from demand, restocking, and steel price recovery in 2025, while negative factors such as the recent Mexican strike and market weakness are reflected in the stock price.
Express News | The government stated that Mexican miners refused to reach a "favorable" agreement with ArcelorMittal SA.