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ArcelorMittal SA (ISPA.AS)

ISPA.AS on Amsterdam Stock Exchange

7.24EUR
28 Apr 2017
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Latest Key Developments (Source: Significant Developments)

Bekaert and ArcelorMittal extend their partnership in Brazil
Wednesday, 26 Apr 2017 07:00am EDT 

April 26 (Reuters) - NV Bekaert SA ::Bekaert and ArcelorMittal <<>> extend their partnership in Brazil.Bekaert and ArcelorMittal reached agreement on integration of co's currently wholly-owned subsidiary in Sumare (Brazil) into BMB (Belgo Mineira Bekaert Artefatos de Arame Ltda) partnership.ArcelorMittal will be the majority shareholder (55.5 pct) of the steel cord entity in Sumare and Bekaert will hold the remaining shares (44.5 pct).Transaction is subject to customary closing conditions and is expected to be completed in the Q2 of 2017.  Full Article

Arcelormittal and Marcegaglia submit offer for Ilva
Monday, 6 Mar 2017 08:30am EST 

Arcelormittal : Co and Marcegaglia submit offer for Ilva . Announces investment commitments of over 2.3 billion euros ($2.44 billion) in addition to the purchase price . Affirms intention to produce 9.5 million tonnes of finished products . Commits to build research and development centre in Taranto . Says dedicated research and development centre to be launched with initial investment of 10 million euros . Commits to implement new low-carbon steel-making technologies .Says a letter of intent to join consortium signed with Banca Intesa Sanpaolo Arcelormittal and Marcegaglia announce they have today submitted an offer for Ilva, Italian steel-making company.  Full Article

Arcelormittal's Board of Directors takes note of Wilbur Ross' resignation from Board after his confirmation as US Secretary of Commerce
Wednesday, 1 Mar 2017 04:10am EST 

Arcelormittal SA :Arcelormittal's Board Of Directors has taken note of Mr. Wilbur Ross' resignation from Board as a consequence of his confirmation as US Secretary of Commerce.  Full Article

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

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