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ArcelorMittal SA (ISPA.AS)

ISPA.AS on Amsterdam Stock Exchange

24 Feb 2017
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Latest Key Developments (Source: Significant Developments)

Arcelormittal Brasil and Votorantim combine Brazilian long steel businesses
Thursday, 23 Feb 2017 08:24am EST 

Arcelormittal SA : Arcelormittal Brasil and Votorantim sign agreement to combine their Brazilian long steel businesses . Votorantim’s long steel businesses in Brazil, Votorantim siderurgia, will become a subsidiary of Arcelormittal Brasil .Votorantim to hold a minority stake in Arcelormittal Brasil.  Full Article

Arcelormittal Q4 net profit at $403 million, beats Reuters poll
Friday, 10 Feb 2017 01:00am EST 

Arcelormittal SA : Q4 revenue $14.13 billion versus $14.64 billion in Reuters poll . Q4 EBITDA $1.66 billion versus $1.59 billion in Reuters poll . Q4 EBITDA/tonne 83 $/t versus 56 $/t year ago . Q4 net profit attributable to equity holders of the parent $403 million versus $229.4 million in Reuters poll . Q4 own iron ore production 13.9 Mt versus 15.5 Mt year ago . Q4 iron ore shipped at market price 8.1 Mt versus 9.9 Mt year ago . Q4 crude steel production 21.8 Mt versus 21.6 Mt year ago . Q4 steel shipments 20.0 Mt versus 19.7 Mt year ago . Says Capex spend in 2017 is expected to increase to $2.9 billion (from $2.4 billion in 2016) . In 2017 interest expense is expected to decline to $0.9 billion (as compared to $1.1 billion in fy 2016) . In 2017 cash taxes and contributions to fund pensions are expected to increase by a total of $0.2 billion .Expects the cash needs of the business in 2017 to increase to $5.0 billion (from $4.5 billion in 2016).  Full Article

Air Liquide strengthens partnership with ArcelorMittal in France, Benelux
Monday, 9 Jan 2017 11:38am EST 

Air Liquide SA : Strengthens its long-term partnership with ArcelorMittal in France and Benelux .In the frame of this new contract, Air Liquide will extend its pipeline network in Benelux.  Full Article

SunCoke Energy announces Brazil Coke Facility Transactions
Tuesday, 29 Nov 2016 05:00pm EST 

SunCoke Energy Inc : SunCoke Energy, Inc. announces Brazil Coke Facility Transactions . SunCoke Energy -Arcelormittal Brasil S.A. redeeming SunCoke's indirectly held preferred and common equity interest in sol coqueria for cash consideration of $41 million . With redemption, SunCoke will no longer receive its approximately $9.5 million annual dividend from Arcelormittal . Says SunCoke will continue to operate Brazil Facility on behalf of Arcelormittal . SunCoke Energy -Received $20.5 million in cash at closing and will receive remaining $20.5 million in cash, plus accrued interest, on April 1, 2017 . Additionally, starting in 2016, SunCoke will receive an incremental $5.1 million in technology fees per year through 2023 . Total impact of these transactions is a net reduction of $4.4 million to annual adjusted EBITDA . SunCoke Energy Inc says will continue to operate Brazil facility on behalf of Arcelormittal .Company reaffirmed its 2016 adjusted EBITDA guidance of $210 million to $235 million.  Full Article

Arcelormittal signs an order with STX France
Monday, 21 Nov 2016 06:00am EST 

Arcelormittal : Arcelormittal signs an order with STX France an order for the supply of steel for two new vessels . Deliveries of Arcelormittal products will run until the end of 2018 for both vessels Further company coverage: [ISPA.AS] (Gdynia Newsroom) ((Gdynia.newsroom@thomsonreuters.com; +48 58 772 0920;)).  Full Article

Arcelormittal Q3 net income down at $0.7 billion versus Q2
Tuesday, 8 Nov 2016 01:37am EST 

Arcelormittal SA : EBITDA of $1.9 billion in Q3 2016, 7.1 pct higher as compared to $1.8 billion in Q2 2016; 40.4 pct higher yoy . Q3 revenue $14.52 billion versus $14.99 billion in Reuters poll . Net income of $0.7 billion in Q3 2016 as compared to net income of $1.1 billion in Q2 2016 . Steel shipments of 20.3 Mt in Q3 2016, a seasonal decline of 8.1 pct as compared to Q2 2016 . Q3 own iron ore production 13.7 Mt versus 15.4 Mt year ago . Q3 iron ore shipped at market price 8.1 Mt versus 10.3 Mt year ago . Q3 crude steel production 22.6 Mt versus 23.1 Mt year ago . Q3 EBITDA/tonne $93 versus $64 year ago . Net debt decreased to $12.2 billion as of September 30, 2016, as compared to $12.7 billion at June 30, 2016 . Sees decline in profitability in Q4 2016 as compared to Q3 2016 .Expects cash flows from operating activities to exceed capex in 2016.  Full Article

ArcelorMittal South Africa sees continued tough trading conditions in Q4
Tuesday, 8 Nov 2016 01:00am EST 

ArcelorMittal South Africa Ltd : Unaudited Operational Information For The Quarter Ended 30 September 2016 . Q3 liquid steel production was 67 000 tonnes (6 pct) . Q3 local sales were 20 000 tonnes (3 pct) higher driven mainly by flat products. . Q3 export sales decreased by 244 000 tonnes (64 pct) . Q3 commercial coke sales were 41 000 tonnes (48 pct) lower than quarter 3 of 2015 . Despite lost production, company ran at an effective capacity utilisation of 73 pct in the quarter compared to 72 pct . Export sales are expected to increase compared to quarter 3 2016, mainly due to increased Blue Water exports .Do not expect change in fourth quarter tough trading conditions due to lower steel demand.  Full Article

S. Africa's Competition Commission says Arcelormittal to pay r1.5 billion fine
Monday, 22 Aug 2016 04:54am EDT 

: Arcelormittal to pay r1.5 billion fine for its involvement in cartels Further company coverage: [ACLJ.J] ((Bengaluru Newsroom +918067491136;)).  Full Article

Arcelormittal Q2 EBITDA $1.8 billion
Friday, 29 Jul 2016 01:15am EDT 

Arcelormittal : Q2 iron ore shipped at market price 9.6 mt versus 10.8 mt year ago . Q2 crude steel production 23.1 mt versus 24.0 mt year ago . Despite steel spread recovery losing momentum in recent weeks, impact of lagged prices will be an important support for results as we move into a period of seasonally slower steel demand . Expects cash flows from operating activities to exceed capex in 2016 . Q2 sales $14.74 billion versus $15.32 billion in Reuters poll . Increased uncertainty post brexit, is likely to slow economic recovery, albeit largest impact to be felt in uk, which represents only 2% of co's shipments . Expects fy 2016 ebitda to be in excess of $4.5 billion . In China, robust infrastructure and automotive continue to support demand, while growth in real estate has lost momentum . Operating income of $1.9 billion in 2Q . Ebitda of $1.8 billion in 2Q 2016, nearly double as compared to $0.9 billion in 1Q; $1.57 billion expected in Reuters Poll . Steel shipments of 22.1mt in 2Q 2016, an increase of 2.9% as compared to 1Q 2016 . Q2 own iron ore production 13.5 mt versus 16.4 mt year ago . Q2 steel shipments 22.1 mt versus 22.2 mt year ago . Industry continues to face challenges of structural overcapacity . Seeing better market conditions compared with second half of 2015 which lead us to be cautiously optimistic about remainder of year.  Full Article

Arcelormittal and Marcegaglia submit offer to acquire Ilva
Thursday, 30 Jun 2016 07:19am EDT 

Arcelormittal : Arcelormittal and Marcegaglia submit offer to acquire Ilva . Intention to increase Ilva's primary utilisation rate, with crude steel production rising to over 6 million tonnes per annum by 2020 .Major capital expenditure programme aimed at enhancing Ilva's asset capabilities.  Full Article

More From Around the Web


ArcelorMittal upbeat on U.S., Brazil steel, cautious on China

BRUSSELS ArcelorMittal , the world's largest steelmaker, said it was bullish on demand in the United States and Brazil but cautious on China after reporting higher-than-expected core profit for the final quarter of the year.