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Arcelormittal To Produce 'Green Steel' Starting In 2020
ArcelorMittal Sets 2050 Group Carbon Emissions Target Of Net Zero
ArcelorMittal Announces Share Buyback Program
ArcelorMittal S.A. (ArcelorMittal) is a holding company. The Company, together with its subsidiaries, owns and operates steel manufacturing and mining facilities in Europe, North and South America, Asia and Africa. ArcelorMittal operates through five segments, which include NAFTA; Europe; Brazil; Africa and Commonwealth of Independent States (ACIS), and Mining. The NAFTA segment produces flat, long and tubular products. The Brazil segment includes the flat operations of Brazil, and the long and tubular operations of Brazil and neighboring countries. The Europe segment is the flat steel producer in Europe. The ACIS segment produces a combination of flat, long products and tubular products. The Mining segment comprises all mines owned by ArcelorMittal in the Americas, Asia, Europe and Africa. It produces a range of finished and semi-finished steel products (semis). The Company operates through its subsidiary Exosun.
Iron & Steel
24-26 Boulevard d'Avranches
Lakshmi Narayan Mittal
Chairman of the Board, Chief Executive Officer, Member of the Management Committee, Member of the Executive Board
President, Chief Financial Officer, Member of the Executive Board, Member of the Management Committee, Chief Executive Officer ArcelorMittal Europe
Brian E. Aranha
Executive Vice President, Member of the Executive Board, Member of the Management Committee, Head of Strategy, CTO, R&D, CCM, and Global Automotive
Executive Vice President, Head of Human Resources, Member of the Management Committee, Member of the Executive Board
Jefferson de Paula
Executive Vice President, Member of the Executive Board, Member of the Management Committee, Chief Executive Officer ArcelorMittal South America Long
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ArcelorMittal <MT.LU>, the world's largest steelmaker, committed on Wednesday to being carbon neutral by 2050, although it said a level playing field with green border adjustments and abundant, affordable clean energy would be required to get there.
Steel producer ArcelorMittal South Africa <ACLJ.J> said on Tuesday it would restart the second blast furnace at its Vanderbijlpark operations in January due to higher steel demand.
Cleveland-Cliffs Inc <CLF.N>, the largest U.S. producer of iron ore pellets, has agreed to buy the U.S. assets of the world's largest steelmaker ArcelorMittal SA <MT.LU> for about $1.4 billion in cash and shares.
Cleveland-Cliffs Inc, the largest U.S. producer of iron ore pellets, said on Monday it had agreed to buy U.S. assets of the world's largest steelmaker ArcelorMittal SA for about $1.4 billion. (Reporting by Rama Venkat in Bengaluru; Editing by Shounak Dasgupta)
ArcelorMittal SA, the world's largest steelmaker, is exploring a deal to merge its U.S. operations with Cleveland-Cliffs Inc, the largest U.S. producer of iron ore pellets, people familiar with the matter said on Sunday.
* Shares up 1.9% on Thursday, but still down 37% this year (Updates with share price, analyst comments)
ArcelorMittal, the world's largest steelmaker, reported higher than expected second quarter earnings and said it core markets were showing sign of recovery, albeit from exceptionally low levels.
Twenty-one workers at a steel plant owned by ArcelorMittal in the Mexican port city of Lazaro Cardenas have died from COVID-19, the steelworkers' trade union said Saturday.
ArcelorMittal on Thursday outlined plans and costs for steelmaking processes that produce less carbon, but also called for investment support from European Union states as well as carbon border taxes.
- The Italian government rejected ArcelorMittal's <MT.LU> latest plan for the loss-making Ilva steel plant on Tuesday which it said included major job cuts and went back on investment pledges as workers held a strike to protest the plan.
ArcelorMittal resumed output at its Bosnia steel plant on Thursday after a 10-day stoppage due to a drop in demand caused by the coronavirus crisis, its spokesperson told Reuters.
ArcelorMittal said on Wednesday it had halted output at its Bosnia steel plant and at mines that supply it with iron ore for 10 days due to a drop in demand caused by the coronavirus crisis, a move that angered its workforce.
ArcelorMittal halted production at its steel mill in the central Bosnian town of Zenica after workers there went on strike in solidarity with colleagues furloughed over the coronavirus crisis, the company and unions said on Tuesday.
Privately owned Liberty Steel Group said on Monday it has appointed a former executive of ArcelorMittal to a top role in the firm.
ArcelorMittal <MT.AS>, the world's largest steelmaker, is issuing $2 billion of shares and convertible notes at a deep discount to accelerate debt reduction plans that have been slowed by the COVID-19 pandemic.
ArcelorMittal, the world's largest steelmaker, forecast its steel shipments would fall by up to a third in the second quarter, leading to sharply lower profits as coronavirus restrictions hit demand.
* NET LOSS OF $1.1BN IN 1Q 2020 (ADJUSTED NET LOSS OF $0.6BN, EXCLUDING IMPAIRMENT AND EXCEPTIONAL ITEMS)
* WILL PROVIDE UPDATED GUIDANCE ON OUR 2020 CASH REQUIREMENTS, INCLUDING CAPITAL EXPENDITURE, WHEN WE ANNOUNCE OUR Q1 2020 RESULTS ON 7 MAY 2020
Japan's biggest steelmaker Nippon Steel Corp said on Tuesday its joint venture with ArcelorMittal has signed a $5.15 billion loan agreement with Japanese banks, including Japan Bank for International Cooperation.
ArcelorMittal <MT.AS> said on Wednesday it had signed a deal that would see a significant injection of Italian state funding into the Ilva steelworks and would suspend a bid to walk away from the troubled plant, which it took over in 2018.
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