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ArcelorMittal SA (MT)

MT on New York Consolidated

29.34USD
19 Oct 2017
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Latest Key Developments (Source: Significant Developments)

Arcelormittal announces offers to purchase for cash up to $1.25 bln combined purchase price of the outstanding notes
Thursday, 28 Sep 2017 10:19am EDT 

Sept 28 (Reuters) - Arcelormittal SA ::Arcelormittal announces offers to purchase for cash up to $1,250,000,000 combined aggregate purchase price of the outstanding notes listed below.Arcelormittal sa - ‍notes may be validly tendered at any time on or before 11:59 p.m., new york city time, on October 26, 2017, unless extended​.  Full Article

Arcelormittal says German cartel authorities searched its offices
Monday, 4 Sep 2017 09:13am EDT 

Sept 4 (Reuters) - Arcelormittal :Says German cartel authorities searched its offices in late august on suspected antitrust violations.  Full Article

Arcelormittal CFO says Chinese steel exports down, but still very significant
Thursday, 27 Jul 2017 02:40am EDT 

July 27 (Reuters) - Arcelormittal :Arcelormittal cfo says steel imports into europe from january to may are up 13 percent.Arcelormittal cfo says chinese steel exports down, but still very significant.  Full Article

Arcelormittal ups global apparent steel consumption forecast to +2.5-3.0 pct in 2017 ‍​
Thursday, 27 Jul 2017 02:25am EDT 

July 27 (Reuters) - ARCELORMITTAL SA ::ARCELORMITTAL UPS GLOBAL APPARENT STEEL CONSUMPTION FORECAST TO +2.5-3.0% IN 2017 (VERSUS. +0.5-1.5% FORECAST IN FEB)‍​.ARCELORMITTAL SAYS GLOBAL OVERCAPACITY REMAINS A THREAT TO SUSTAINABLE RETURNS ON CAPITAL‍​.ARCELORMITTAL SAYS H1'17 STRONGEST FIRST HALF EBITDA SINCE 2012.ARCELORMITTAL SAYS DEMAND IN CORE MARKETS IS GROWING, WITH PMI READINGS CURRENTLY AT HIGHEST LEVEL SINCE 2011.ARCELORMITTAL SAYS SHIPMENTS IN H2 WILL FOLLOW STRONGER THAN NORMAL SEASONAL PATTERN.  Full Article

Arcelormittal publishes conclusions in relation into deposition of residues in Florange
Tuesday, 25 Jul 2017 01:10pm EDT 

July 25 (Reuters) - ARCELORMITTAL SA ::PUBLISHES MAIN CONCLUSIONS OF ITS INTERNAL INVESTIGATION INTO DEPOSITION OF RESIDUES IN FLORANGE.CONCLUDED INVESTIGATION INTERNALLY AND WITH ITS SUBCONTRACTORS ACCORDING TO ALLEGATIONS ON CO DUMPING "ACID" INTO THE WILD.MAIN POINTS OF THE INVESTIGATION SUBMITTED TO AUTHORITIES.SAYS FILED COMPLAINT AGAINST X IN CONNECTION WITH THESE ALLEGATIONS AND SAYS WORKS CLOSELY WITH POLICE AND JUDICIARY.  Full Article

Hiolle Industries registers order of 3.9 million euros
Tuesday, 18 Jul 2017 11:35am EDT 

July 18 (Reuters) - HIOLLE INDUSTRIES SA ::REGISTERS ORDER OF EUR 3.9 MILLION FOR MODERNIZATION OF FRENCH STEEL INDUSTRY.FRENCH STEEL INDUSTRY ORDER WILL BE FULLY INTEGRATED WITH CO'S 2017 CONSOLIDATED TURNOVER.  Full Article

ArcelorMittal Atlantique et Lorraine files complaint against X to Parquet de Thionville
Friday, 7 Jul 2017 11:08am EDT 

July 7 (Reuters) - ARCELORMITTAL SA ::ARCELORMITTAL ATLANTIQUE ET LORRAINE FILED A COMPLAINT AGAINST X TO PARQUET DE THIONVILLE.  Full Article

ArcelorMittal led consortium reaches agreement regarding Ilva lease and purchase agreement
Friday, 16 Jun 2017 11:01am EDT 

June 16 (Reuters) - ARCELORMITTAL SA ::INVESTCO ITALY SRL HAS CONCLUDED EXCLUSIVE NEGOTIATION PHASE AND REACHED BINDING AGREEMENT CONCERNING LEASE AND OBLIGATION TO PURCHASE ILVA S.P.A AND ITS SUBSIDIARIES WITH ITALIAN GOVERNMENT.IDENTIFIED SYNERGIES OF EUR 310 MILLION TARGETED BY 2020.PURCHASE PRICE OF EUR 1.8 BILLION, WITH ANNUAL LEASING COSTS OF EUR 180 MILLION TO BE PAID IN QUARTERLY INSTALLMENTS.START OF LEASE EXPECTED AROUND YEAR-END 2017.LEASE PERIOD TO BE MINIMUM OF TWO YEARS.INVESTMENTS OF C. EUR 2.4 BILLION (C. EUR 2.1 BILLION NET OF RIVA GROUP CONTRIBUTION) OVER A SEVEN-YEAR PERIOD.ILVA EXPECTED TO BE EBITDA ACCRETIVE TO ARCELORMITTAL IN YEAR ONE, AND FREE CASH FLOW ACCRETIVE IN YEAR THREE.INTESA SANPAOLO WILL FORMALLY JOIN CONSORTIUM BEFORE TRANSACTION CLOSING.FINISHED STEEL SHIPMENTS TO SYSTEMATICALLY INCREASE TO 9.5 MILLION TONNES, BY 2023.EUR 10 MILLION START-UP INVESTMENT IN NEW RESEARCH AND DEVELOPMENT (RESEARCH AND DEVELOPMENT) CENTRE IN TARANTO.ASSETS WILL BE TRANSFERRED TO AM INVESTCO FREE OF LONG TERM LIABILITIES AND FINANCIAL DEBT AND INCLUDES EUR 1 BILLION OF NET WORKING CAPITAL.  Full Article

Andritz to supply two walking beam furnaces to Arcelormittal Burns Harbor, USA‍​
Wednesday, 7 Jun 2017 02:26am EDT 

June 7 (Reuters) - ANDRITZ AG ::TO SUPPLY TWO WALKING BEAM FURNACES TO ARCELORMITTAL BURNS HARBOR, USA‍​.START-UP OF THE FURNACES, WHICH WILL REPLACE THE EXISTING PUSHER FURNACES, IS SCHEDULED FOR 2020.  Full Article

ArcelorMittal Q1 net result turns to profit of $1.00 billion
Friday, 12 May 2017 01:11am EDT 

May 12 (Reuters) - ArcelorMittal ::Q1 NET PROFIT ATTRIBUTABLE TO EQUITY HOLDERS OF THE PARENT $ 1,002 MILLION VERSUS LOSS OF $416 MILLION YEAR AGO.EBITDA OF $2.2 BILLION IN 1Q 2017, 34.3% HIGHER AS COMPARED TO $1.7 BILLION IN 4Q 2016.Q1 EBITDA/TONNE $ 106 VERSUS $43 YEAR AGO.Q1 SALES $ 16.09 BILLION VERSUS $16.68 BILLION IN REUTERS POLL.Q1 OWN IRON ORE PRODUCTION 14.0 MT VERSUS 14.1 MT YEAR AGO.Q1 IRON ORE SHIPPED AT MARKET PRICE 8.7 MT VERSUS 7.8 MT YEAR AGO.Q1 CRUDE STEEL PRODUCTION 23.6 MT VERSUS 23.2 MT YEAR AGO.Q1 STEEL SHIPMENTS 21.1 MT VERSUS 21.4 MT IN REUTERS POLL.EXPECT MARKET CONDITIONS TO BE BROADLY STABLE IN Q2.  Full Article

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ArcelorMittal offers EU concessions over Ilva

BRUSSELS Luxembourg-based steelmaker ArcelorMittal has offered concessions in a bid to allay EU antitrust concerns over its planned takeover of Italian steel plant Ilva, a filing on the European Commission website showed on Thursday.