Market Chatter: ArcelorMittal Drops CLN Joint Venture Takeover After Italian Government Restrictions

MT newswire2026/09/01 11:36

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07:36 AM EDT, 09/01/2026 (MT Newswires) -- ArcelorMittal (MT) dropped its planned takeover of the 51% stake it does not own in its joint venture with struggling auto-parts maker CLN-Coils Lamiere Nastri after Italy imposed conditions on the deal, Bloomberg reported Tuesday. The report said the Italian government used its so-called "golden power" rules to require approval for workforce and structural changes and to maintain existing operations for five years. ArcelorMittal did not immediately respond to MT Newswires' request for comment. (Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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The U.S. Energy Information Administration (EIA) has raised its forecast for average Brent crude oil prices in 2026 and 2027 to $97 and $86, respectively, reflecting pressures from global inventory declines, Middle East supply disruptions, and rising transportation costs. As oil production in the Middle East gradually recovers and global inventories rebound from low levels, the EIA expects the average spot price of Brent crude to fall to $87 per barrel in the second quarter of 2027, and further decline to $77 per barrel by the fourth quarter.

华尔街见闻•2026/11/10 18:41