The Fensch ( French pronunciation: [fɛnʃ] ) or Fentsch is a river in the Moselle department of the Grand Est region of France. It is a left tributary of the Moselle , and thus a sub-tributary of the Rhine .
37-552: The Fensch is 15.2 kilometres (9.4 mi) long. It rises in Fontoy in the west of the Moselle department. It then crosses Knutange , Nilvange , Hayange , Serémange-Erzange and Florange before discharging from the left into the Moselle between Metz and Thionville on the border of the commune of Illange . It generally flows from west to east. Originally, as shown by the Cassini map ,
74-471: A 10 kilometres (6.2 mi) long conduit. The Fensch crosses seven communes and four cantons in the department of Moselle. From upstream to downstream these are Fontoy (source), Knutange , Nilvange , Hayange , Serémange-Erzange , Florange and Illange (mouth). In terms of cantons, the Fensch originates in the canton of Algrange , crosses the canton of Hayange and canton of Fameck , and has its mouth in
111-632: A condition of approval of Mittal Steel’s takeover of Arcelor SA, including the Bethlehem Steel plant in Lackawanna, New York , to the Russian company Severstal . Other plants were closed by the company due to economic reasons, including LTV Steel in Hennepin, Illinois . After purchase of Kryvorizhstal , Ukraine's largest steel producer, employment was scaled back from 57,000 employees to 30,000. In 2010,
148-469: A cost of €40.37 per share, approximately $ 33 billion total. Mittal Steel launched a hostile takeover bid, which replaced a previously planned merger between Arcelor and Severstal that had lacked sufficient shareholder approval. The resulting merged business was named ArcelorMittal and was headquartered in Luxembourg City . The resulting firm produced approximately 10% of the world's steel, and
185-493: A five-year dry period, which is far from severe. Floods are moderately important, given the small size of its watershed. They are proportionally more or less half as large as those of its neighbor, the Orne . The 2-year and 5-year peak instantaneous flows are 7.6 cubic metres per second (270 cu ft/s) and 9.5 cubic metres per second (340 cu ft/s). The 10-year peak flow is 11 cubic metres per second (390 cu ft/s),
222-516: A mixture of cost-cutting, increased production and a focus on higher-value forms of steel". Chairman Lakshmi Mittal announced doubled earnings the following year in May 2017. Along with the increase in capital, the company also sold its 35% stake in Gestamp Automacion for $ 979 million, with the goal of reducing ArcelorMittal's debt to less than $ 12 billion. By February 2016, the company made about 6% of
259-929: A new company, Aperam . As of 2012 , due to overcapacity and reduced demand in Europe, it had idled 9 of 25 blast furnaces; in October 2012 it permanently shut down two blast furnaces at Florange , France. On 31 October 2012, the company reported a third-quarter loss of $ 709 million as compared to a $ 659 million profit for the same period a year ago, citing the slow down in China 's economy . In 2012 ArcelorMittal had $ 22 billion of debt. In January 2013, ArcelorMittal bid $ 1.5 billion to acquire ThyssenKrupp AG's rolling mill in Calvert, Alabama , United States. On 26 February 2014, ThyssenKrupp sold their Calvert carbon steel facility to ArcelorMittal and Nippon Steel for $ 1.55 billion, as
296-543: A new joint venture. The facility was renamed AM/NS Calvert through the 50/50 joint partnership with Nippon Steel & Sumitomo Metal Corp. The firm also entered into a $ 2.2 billion contract to develop an iron ore deposit in Senegal . This included construction of a 750 km (466 mi) railway line. After it stalled on the contract and failed to build according to schedule, the Government of Senegal sued. In September 2013,
333-601: A notice to terminate the Ilva lease agreement, citing as reasons that the Italian Parliament had removed the legal protection necessary for the company to implement its environmental plan without the risk of criminal liability and that a recent decision by the criminal court of Taranto would effectively force Mittal to close blast furnace #2 by 13 December 2019. A legal and media battle with the Italian state started immediately, as Ilva
370-562: Is a commune in the Moselle department in Grand Est in north-eastern France . It contains the source of the Fensch river. This Arrondissement of Thionville geographical article is a stub . You can help Misplaced Pages by expanding it . ArcelorMittal ArcelorMittal S.A. is a Luxembourg-based multinational steel manufacturing corporation headquartered in Luxembourg City . It
407-439: Is estimated to be around $ 94 billion. ArcelorMittal was formed from the acquisition of Arcelor by Mittal Steel; Mittal Steel was in turn formed from the merger of ISPAT International and LNM Holdings. The company traces its history back to 1976. ArcelorMittal was created by the takeover of Western European steel maker Arcelor (Spain, France, and Luxembourg) by Indian -owned multinational steel maker Mittal Steel in 2006, at
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#1733111261952444-561: Is not only the single primary steel mill Mittal operates in Italy but also the largest employer in Taranto. On 28 September 2020, the company sold its US business to Cleveland-Cliffs for approximately $ 1.4 billion. Lakshmi Mittal (owner of Mittal Steel) is the executive chairman. His family owns 40% of the shares and voting shares in the company. After a $ 3 billion rights issue earlier in April 2016,
481-490: Is ranked 123 in the 2017 Fortune Global 500 ranking of the world's biggest corporations. By March 2017, ArcelorMittal was leading a consortium bidding for Ilva . An Italian company, Ilva owns the Taranto steelworks in southern Italy , which has Europe's largest steel output. The steelworks had been accused of toxic emissions linked to local cancer rates, and had been nationalized by the government years prior. The buyers were
518-754: The Steel Authority of India Ltd (SAIL) agreed on preliminary terms to form a $ 913 million joint venture to export a fifth of the auto-grade steel made by the venture. In March 2017, the company proposed a new US$ 6.5 billion steel project in Karnataka , after entering into a pact with the Karnataka government in February 2017. In April 2017, Sanjeev Gupta 's Liberty House Group announced it had agreed to acquire ArcelorMittal's Georgetown Steelworks in South Carolina . It
555-519: The canton of Yutz . The river has four tributaries: The Fensch is fed by a fairly high rainfall. It also receives significant amounts of mine water from mines in the region, which helps to increase the flow. The flow was observed for a period of 35 years (1968–2002) in Florange, a locality in the Moselle department at its confluence with the Moselle. The total area of the river's watershed is 82.6 square kilometres (31.9 sq mi). The average flow of
592-821: The government of Senegal won a court case before an international tribunal to rescind a $ 2.2 billion deal with ArcelorMittal after the company suspended work on an iron ore mine in the country. In June 2014, the International Chamber of Commerce's arbitration court in Paris awarded Senegal $ 150 million. Dealing with price and demand fluctuations in the steel market, from 2012 to 2014 ArcelorMittal restructured its European division by reducing employee numbers and closing plants. In May 2014, ArcelorMittal, citing economic self-interest, declared its opposition to sanctions on Russia. As of June 2014, ArcelorMittal accounted for 7 per cent of world steel production. After being shut out of
629-455: The 20-year peak flow is 12 cubic metres per second (420 cu ft/s) and the 50-year peak flow is 14 cubic metres per second (490 cu ft/s). The highest instantaneous flow recorded at Florange was 12.3 cubic metres per second (430 cu ft/s) on 12 April 1983, with an average flow of 11.5 cubic metres per second (410 cu ft/s) that day. This flood was of a two-year order, and therefore not at all exceptional. Overall,
666-703: The AM Investco consortium, which beyond ArcelorMittal included Marcegaglia and Banca Intesa Sanpaolo . In May 2017, ArcelorMittal was announced as the preferred bidder over a different consortium led by JSW Steel , after it was able to pledge a production increase and guarantee employment levels. The final decision was waiting on Italy's ministry of economic development. On 5 June 2017, ArcelorMittal won approval to purchase Ilva for €1.8 billion. In its bid, AM Investco had pledged to make investments into Ilva of €2.4bn until 2023. On 1 November 2018, ArcelorMittal assumed ownership of Ilva steel operations and ArcelorMittal Italia
703-523: The CAGR of −7.2% since 4Q'18. The company is involved in research and development , mining , and steel . ArcelorMittal in 2016 produced around 90 million tons of steel. As of May 2017, the company made 200 unique steel grades for automotive purposes, half of which were introduced since 2007. Among the steel varieties are Usibor 2000, which the company announced in June 2016 and released later that year. Upon release,
740-643: The Chinese steel industry in 2005, along with other foreign companies, in 2014 the company announced it was planning new plants in China. In 2014, the company had an annual crude steel production of 98.1 million tons. Following an investigation first launched in 2008, in August 2016 the Competition Commission (South Africa) found the company guilty of price fixing. ArcelorMittal was fined US$ 110.9 million and, as part of
777-530: The Fensch is a very abundant river, more than most rivers of the Moselle basin, particularly those of the Moselle department. Annual rainfall in its basin is 789 millimetres (31.1 in), which is more than twice that of France as a whole and well above the average of the French part of the Moselle basin, which is 445 millimetres (17.5 in) per year. The river's flow reaches 24.9 litres per second (0.88 cu ft/s) per 1 square kilometre (0.39 sq mi) of
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#1733111261952814-506: The basin. The Fensch Valley is known for its iron and steel industry. Part of the course of the river is even covered where it crosses the town of Hayange and by facilities of the ArcelorMittal ironworks of Florange. The foundation stone for the Sollac mill was laid on 23 December 1949 in the small village of Serémange on the banks of Fensch river. U.S. Ambassador David K. E. Bruce said at
851-405: The city of Temirtau , Kazakhstan where an ArcelorMittal plant is located. Local citizens complained that the pollution was caused by an ArcelorMittal plant. A spokesperson for ArcelorMittal explained that the discoloration of the snow was caused by a lack of wind which would otherwise blow the pollution away. On 4 November 2019, Arcelor Mittal (Am Investco Italy) sent to Ilva's Commissioners
888-534: The company by 21 April 2016 had a share value of 16,616 million euros, distributed in 3,065,710,869 shares. Acquired by Mittal Steel Company : Acquired by Arcelor : Comprised as follows by nine people as of June 2017: As of 2012, the company had thousands of workers at 12 major facilities in the United States, in states such as Indiana, Ohio and Pennsylvania. All non-salary employees in North America, with
925-461: The company the "worst performer" in the FTSEurofirst300 index. The CEO said the company had performed poorly in 2015 due to "Chinese exports depressing prices". Early in 2016, the company announced it had raised $ 3 billion in new investment capital to help reduce debt to $ 11.7 billion of debt. In early 2016 the company also announced a program to boost core profit by $ 3 billion by 2020 "through
962-410: The company's operating income had fallen to $ 4.9 billion, with sales down 10 per cent from the year earlier, and income down 50 per cent as steel prices slumped. In 2011, the company began curtailing its European production to match the reduced demand for steel. It also sold Skyline Steel and Astralloy to a rival, Nucor , for $ 605 million. On 26 January 2011, the stainless steel division split off as
999-676: The exception of the Dofasco facility in Hamilton, Ontario, are represented by the United Steelworkers union, the largest industrial union in North America. Also, at the time around 100,000 of the company's 260,000 employees were in Europe. As of 31 December 2013, the company employed over 232,000 people, of which 37% were in the EU, with a further 16% in non-EU European countries, 17% in Asia, 16% in North America,
1036-495: The flow gradually decreases to the low summer-fall waters that occur from July to October. The average monthly flow decreases to a consistent flow of about 1.30 cubic metres per second (46 cu ft/s) in September. The fluctuations are more pronounced over short periods or between years. [REDACTED] At low water level, the 3 consecutive-day minimum flow can drop to 0.54 cubic metres per second (19 cu ft/s) during
1073-556: The groundbreaking ceremony, which was attended by the French Foreign Minister Robert Schuman and Minister of Industry Robert Lacoste , that he hoped the French iron-steel industry would soon be the first in Europe". The region inspired Bernard Lavilliers 's Fensch Vallée , the title song of his fourth album, Les Barbares (1976). Fontoy Fontoy ( French pronunciation: [fɔ̃twa] ; German : Fentsch ; Lorraine Franconian : Fensch )
1110-828: The remainder split between South America and the Middle East and Africa. ArcelorMittal is also Luxembourg 's largest private employer. At the beginning of 2014, it employed 4,600 employees in the Grand Duchy. By 2020 the company had over 18,000 employees in North and South America. The head office of ArcelorMittal is in Luxembourg City . The building was the head office of Arbed before that company merged with Aceralia and Usinor . Operated by ArcelorMittal: Joint ventures: ArcelorMittal reported Total CO2e emissions (direct + indirect) for 31 December 2020 at 150.8 Tg ( teragram ) (-31,100 /-17.1% y-o-y). The decline accelerated compared to
1147-484: The river at Florange is 2.06 cubic metres per second (73 cu ft/s). The Fensch has very moderate seasonal fluctuations of flow, which is rarely the case in northern Lorraine. High water events occur in winter and are characterized by average monthly flows in the range of 2.37 to 3.25 cubic metres per second (84 to 115 cu ft/s) from December to April inclusive (with a maximum in February). Beginning in April,
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1184-485: The settlement, also agreed to invest R4.64 billion in capital over five years. According to the findings, the firm had been part of a 17-member-steel group nicknamed "Club Zürich", that later became known as "Club Europe". Between January 1984 and September 2002, the companies fixed the market, prices, and exchanged confidential corporate information. In 2015, the company had a net loss of $ 7.9 billion. Between February 2015 and February 2016, share value dropped 60%, making
1221-509: The waters of the lower part of the Fensch combined with the waters of the Veymerange and fed the moat around the town of Thionville before joining the Moselle. After the removal of the fortifications, the Fensch was diverted to its current course to supply water to the new ironworks installed a little south of this locality. The springs of Morlange (now part of Fameck ) and of Ranguevaux were captured in 1886 and carried by gravity to Thionville by
1258-483: The world's steel. It ranked 108th in the 2016 Fortune Global 500 ranking of the world's biggest corporations. In February 2017 ArcelorMittal announced its first annual profits in five years. In February 2017, ArcelorMittal and Votorantim announced plans to combine their long steel operations in Brazil . Under the deal, Votorantim Siderurgia became a subsidiary of ArcelorMittal Brasil. In late May 2017, ArcelorMittal and
1295-504: Was by far the world's largest steel company. Total revenues in 2007 were $ 105 billion. By February 2008, the company had 320,000 employees in 60 countries. In October 2008, the market capitalisation of ArcelorMittal was over $ 30 billion, after peaking at $ 32.5 billion in September 2008. At the end of 2008, the company reported operating income of around $ 12 billion. In December 2008, ArcelorMittal announced several plant sales, to which it had been ordered by U.S. antitrust authorities as
1332-445: Was formed in 2006 from the takeover and merger of Arcelor by Indian-owned Mittal Steel . ArcelorMittal is the second largest steel producer in the world , with an annual crude steel production of 78 million metric tonnes as of 2022 . It is ranked 197th in the 2022 Fortune Global 500 ranking of the world's largest corporations. It employs around 154,000 people and its market capital is $ 20 billion. The total value of company assets
1369-569: Was formed. In July 2017 the company reported a 19.3 per cent year-on-year rise in its earnings for the year's second quarter. The amount was lower than predicted by analysts, with the company citing the volatility in market prices. Also, in July 2017, the European Court of Justice ruled against ArcelorMittal in its lawsuit against how the EU allocates free carbon permits. In January 2018, black snow fell in
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