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Arcelormittal Q3 EBITDA Down At $1.1 Bln
AM InvestCo Italy Ends Lease And Purchase Agreement For Ilva Business
Arcelormittal Files For Withdrawal From Contract Purchase Of Ilva
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, Group Chief Financial Officer, Member of the Executive Board, Member of the Management Committee, Chief Executive Officer ArcelorMittal Europe
B 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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Italy's government filed an urgent court appeal on Friday to try to stop ArcelorMittal <MT.AS> walking away from a 2018 deal to buy the troubled Ilva steel plant, as a union said the group was preparing to leave on Dec 4.
Italy's FIM-CISL union said on Friday that ArcelorMittal had confirmed it would hand over the troubled Ilva steel plant to state-appointed administrators on Dec. 4 and had already begun winding down operations.
India's Supreme Court cleared the path on Friday for steelmaker ArcelorMittal SA <MT.AS> to take over bankrupt Essar Steel, following a legal tussle that has dragged through multiple courts for over two years.
India's Supreme Court cleared the path on Friday for steelmaker ArcelorMittal SA to take over bankrupt Essar Steel, following a legal tussle that has dragged through multiple courts for over two years.
ArcelorMittal Poland will temporarily halt its blast furnace and steel plant in Krakow, southern Poland, on Nov. 23, due to a weakening outlook for the market, the company said on Tuesday.
The Italian government will fight ArcelorMittal <MT.AS> in the courts if it goes back on a pledge to buy steelmaker Ilva, but Rome still hopes to avoid a bruising legal showdown, Prime Minister Giuseppe Conte said on Thursday.
ArcelorMittal, the world's largest steelmaker, cut its forecasts for demand in its main U.S. and European markets but reported a higher-than-expected core profit.
ArcelorMittal, the world's largest steelmaker, reported core earnings slightly above market estimates on Thursday, but took a dimmer view of demand in its main U.S. and European markets.
Steel giant ArcelorMittal <MT.AS> wants to cut 5,000 jobs in Italy because of low production levels at its Taranto plant, Italian Prime Minister Giuseppe Conte said on Wednesday, denouncing the plan as "unacceptable".
Italy's center-left Democratic Party (PD), part of the ruling coalition, will propose restoring legal immunity to ArcelorMittal <MT.AS> for past environmental damage caused by troubled steel group Ilva, the party's leader said on Tuesday.
ArcelorMittal <MT.AS> said on Monday it was withdrawing from a deal to buy struggling Italian steelmaker Ilva after Rome reneged on a promise to give it immunity from prosecution over its heavily polluting plant.
The Italian government will summon representatives of ArcelorMittal <MT.AS> for a meeting following the group's decision to pull out of a contract to take over struggling Italian steel maker Ilva, a government source said on Monday.
ArcelorMittal said on Monday it was withdrawing from a deal to buy Italy's struggling steel firm Ilva after the government removed previously agreed guarantees of legal immunity over its operations.
Italy's ruling coalition has decided to scrap a legal guarantee it had previously granted to steelmaker ArcelorMittal <MT.AS> over its Ilva plant, a senior Democratic Party (PD) lawmaker said on Monday.
ArcelorMittal's South Africa unit said on Wednesday it may close some operations pending a review as it looks to strengthen its long-term sustainability and battle cheap imports, rising costs and a flagging local economy.
Ukraine's state tax service on Wednesday said no decisions had been made about a probe into ArcelorMittal <MT.AS> taxes, dismissing comments by one of its own officials who had said the steelmaker owed the state 9 billion hryvnias ($355 million).
Steelmaker ArcelorMittal owes 9 billion hyrvnias ($355 million) to Ukrainian authorities, Interfax Ukraine reported on Wednesday, citing the head of the government's large taxpayers' office following an investigation.
ArcelorMittal <MT.AS> will postpone the redundancy of 300 out of 800 workers at its iron ore mines in Bosnia while seeking to resolve outstanding issues with a regional government there, the company said on Friday.
ArcelorMittal said a fire that broke out at its steel plant in the Polish city of Krakow on Thursday has been extinguished but the blast furnace would be shut down for two to three days to check for damage.
ArcelorMittal's <MT.AS> Ukrainian steel mill, charged with violating environmental standards, will invest $1.8 billion over the next five years to reduce air emissions by 50-55 percent, the company said on Thursday.
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