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ArcelorMittal SA (ADR)

MT.N

Latest Trade

22.43USD

Change

-0.69(-2.98%)

Volume

1,105,507

Today's Range

22.38

 - 

22.82

52 Week Range

6.65

 - 

25.75

As of on the New York Stock Exchange ∙ Minimum 15 minute delay

Latest Developments

Arcelormittal Extends Conversion Date For USD 1 Bln Mandatory Convertible Bond

Dec 22 (Reuters) - ARCELORMITTAL SA <MT.LU>::ARCELORMITTAL EXTENDS CONVERSION DATE FOR $1BN MANDATORY CONVERTIBLE BOND.EXTENSION OF CONVERSION DATE FOR $1 BILLION PRIVATELY PLACED MANDATORY CONVERTIBLE BOND (MCB) ISSUED ON 28 DECEMBER 2009 BY ONE OF ITS WHOLLY-OWNED LUXEMBOURG SUBSIDIARIES.MANDATORY CONVERSION DATE OF THE BOND HAS BEEN EXTENDED TO 31 JANUARY 2024.BOND WAS PLACED PRIVATELY WITH CREDIT AGRICOLE CORPORATE AND INVESTMENT BANK AND IS NOT LISTED.OTHER MAIN FEATURES OF MCB REMAIN UNCHANGED.

ArcelorMittal And Nippon Steel Sign Definitive Agreement To Build EAF

Dec 22 (Reuters) - ARCELORMITTAL SA <MT.LU>::ARCELORMITTAL AND NIPPON STEEL SIGN DEFINITIVE AGREEMENT TO BUILD EAF (ELECTRIC ARC FURNACE) AT AM/NS CALVERT.CONSTRUCTION OF THE 1.5 MILLION TONNE CAPACITY EAF, WHICH WILL COST C. $775 MILLION, WILL COMMENCE IN 2021 AND COME ONSTREAM IN THE FIRST HALF OF 2023.PROJECT WILL BE FUNDED BY AM/NS CALVERT.A 50:50 JOINT VENTURE BETWEEN ARCELORMITTAL AND NIPPON STEEL.

Saudi Arabia's TAQA To Sell Its Stake In JESCO To ArcelorMittal Tubular Products Jubail

Dec 20 (Reuters) - INDUSTRIALIZATION AND ENERGY SERVICES COMPANY (TAQA): :SAYS HAS SIGNED AN AGREEMENT TO SELL ITS 72% STAKE IN JUBAIL ENERGY SERVICES COMPANY (JESCO) TO ARCELORMITTAL TUBULAR PRODUCTS JUBAIL (AMTPJ).TRANSACTION IS PART OF AMPTJ’S PROPOSED ACQUISITION OF 100% OF JESCO.THE COMPLETION OF THE TRANSACTION IS SUBJECT TO CERTAIN CLOSING CONDITIONS.TAQA WAS ASSISTED ON THIS TRANSACTION BY LAZARD AS FINANCIAL ADVISOR AND HERBERT SMITH FREEHILLS AS LEGAL COUNSEL. ((Reuters.Briefs@thomsonreuters.com;)).

Arcelormittal Enters Into Separate Agreements With Certain Holders Of Its 5.50% Mandatorily Convertible Subordinated Notes Due 2023

Dec 15 (Reuters) - ArcelorMittal SA <MT.LU>::ARCELORMITTAL ENTERS INTO SEPARATE AGREEMENTS WITH CERTAIN HOLDERS OF ITS 5.50% MANDATORILY CONVERTIBLE SUBORDINATED NOTES DUE 2023.PURSUANT TO EXCHANGE AGREEMENTS, COMPANY WILL EXCHANGE $246.8 MILLION IN AGGREGATE PRINCIPAL AMOUNT OF NOTES.COMPANY WILL NOT RECEIVE ANY PROCEEDS FROM DELIVERY OF SUCH SHARES OF COMMON STOCK.

ArcelorMittal Signs Investment Agreement With Invitalia

Dec 10 (Reuters) - ArcelorMittal SA <MT.LU>::REG-ARCELORMITTAL SIGNS INVESTMENT AGREEMENT WITH INVITALIA.ARCELORMITTAL - FIRST INVESTMENT OF EUR 400 MILLION WILL BE MADE BY 31 JANUARY 2021, PROVIDING INVITALIA WITH JOINT CONTROL OVER AM INVESTCO.SECOND TRANCHE OF UP TO EUR 680 MILLION IS PAYABLE ON CLOSING OF AM INVESTCO'S PURCHASE OF ILVA'S BUSINESS.ARCELORMITTAL - INVESTMENT AGREEMENT WILL RESULT IN A RECAPITALIZATION OF AM INVESTCO, ARCELORMITTAL'S SUBSIDIARY.CO WILL ALSO INVEST UP TO EUR 70 MILLION, TO EXTENT NECESSARY TO RETAIN A 40% SHAREHOLDING AND JOINT CONTROL OVER COMPANY.AM INVESTCO'S GOVERNANCE WOULD BE BASED ON PRINCIPLE OF JOINT CONTROL STARTING FROM INVITALIA'S FIRST INVESTMENT.

Arcelormittal Q3 Operating Income Up At $0.7 Billion

Nov 5 (Reuters) - ARCELORMITTAL SA <MT.LU>::ARCELORMITTAL S.A.: ARCELORMITTAL REPORTS THIRD QUARTER 2020 AND NINE MONTHS 2020 RESULTS.Q3 SALES $13.3 BILLION.Q3 LOSS PER SHARE $0.21.OPERATING INCOME OF $0.7BN IN 3Q 2020 (INCLUDING $0.6BN NET REVERSAL OF IMPAIRMENTS(3)) AS COMPARED TO AN OPERATING LOSS OF $0.3BN IN 2Q 2020.FREE CASH INFLOW OF $1.3BN IN 3Q 2020 (NET CASH PROVIDED BY OPERATING ACTIVITIES OF $1.8BN LESS $0.5BN CAPEX).COMPANY HAS NOW REACHED ITS $7BN NET DEBT TARGET, AND DELEVERAGING HAS BEEN COMPLETED.EXPECTS CERTAIN CASH NEEDS OF BUSINESS TO TOTAL $3.7 BILLION IN 2020.GROSS DEBT OF $13.7BN AND NET DEBT OF $7.0BN AS OF SEPTEMBER 30, 2020.FY 2020 CAPEX AND NET INTEREST COSTS ARE EXPECTED TO REMAIN AT $2.4 BILLION AND $0.5 BILLION, RESPECTIVELY..END-Q3 NET DEBT LOWER BY $3.7BN AS COMPARED TO $10.7BN AS OF SEPTEMBER 30, 2019.DEMAND REMAINS BELOW NORMAL AND PACE AND PROFILE OF RECOVERY IS UNCERTAIN.AGREED SALE OF 100% OF SHARES OF ARCELORMITTAL USA (WHICH IS EXPECTED TO CLOSE WITHIN 4Q 2020) COMPLETES COMPANY'S ASSET PORTFOLIO OPTIMIZATION TARGET 9 MONTHS AHEAD OF SCHEDULE.RECENT RISE IN COVID-19 CASES WORLDWIDE MAKES IT PRUDENT TO REMAIN CAUTIOUS ABOUT OUTLOOK AND WE SHOULD BE PREPARED FOR FURTHER VOLATILITY.COMPANY HAS NOW REACHED ITS $7BN NET DEBT TARGET, AND DELEVERAGING HAS BEEN COMPLETED.NET LOSS OF $0.3BN IN 3Q 2020 AS COMPARED TO NET LOSS OF $0.6BN IN 2Q 2020.

Arcelormittal To Produce 'Green Steel' Starting In 2020

Oct 13 (Reuters) - ARCELORMITTAL SA <MT.LU>::DEVELOPING NEW FACILITIES TO PRODUCE GREEN HYDROGEN USING ELECTROLYSERS.ARCELORMITTAL EUROPE DEVELOPING INDUSTRIAL-SCALE HYDROGEN PROJECTS THAT WILL START TO DELIVER CO2 EMISSIONS SAVINGS IN NEXT FIVE YEARS.ARCELORMITTAL EUROPE TO PRODUCE 'GREEN STEEL' STARTING IN 2020.

ArcelorMittal Sets 2050 Group Carbon Emissions Target Of Net Zero

Sept 30 (Reuters) - ArcelorMittal SA <MT.LU>::ARCELORMITTAL SETS 2050 GROUP CARBON EMISSIONS TARGET OF NET ZERO.ITS EUROPEAN BUSINESS TO REDUCE EMISSIONS BY 30% BY 2030.

ArcelorMittal Announces Share Buyback Program

Sept 28 (Reuters) - ArcelorMittal SA <MT.LU>::ANNOUNCES A SHARE BUYBACK PROGRAM UNDER AUTHORIZATION GIVEN BY ANNUAL GENERAL MEETING OF SHAREHOLDERS HELD ON JUNE 13, 2020.SHARES ACQUIRED UNDER PROGRAM ARE INTENDED TO MEET ARCELORMITTAL'S OBLIGATIONS UNDER DEBT OBLIGATIONS EXCHANGEABLE INTO EQUITY SECURITIES, AND/OR TO REDUCE ITS SHARE CAPITAL.

ArcelorMittal Q2 EBITDA Falls To $0.7 bln

July 30 (Reuters) - ArcelorMittal SA <MT.LU>::ARCELORMITTAL S.A.: ARCELORMITTAL REPORTS SECOND QUARTER 2020 AND HALF YEAR 2020 RESULTS.Q2 LOSS PER SHARE $0.50.Q2 SALES USD 10.98 BILLION VERSUS USD 19.28 BILLION YEAR AGO.OPERATING LOSS OF $0.3BN IN 2Q 2020 INCLUDES $0.2BN EXCEPTIONAL ITEMS(3) (1H 2020 OPERATING LOSS OF $0.6BN INCLUDES $0.8BN IMPAIRMENT AND EXCEPTIONAL ITEMS.EBITDA OF $0.7BN IN 2Q 2020 (1H 2020 EBITDA OF $1.7BN).NET LOSS OF $0.6BN IN 2Q 2020 (1H 2020 NET LOSS OF $1.7BN, WITH ADJUSTED NET LOSS OF $0.9BN EXCLUDING IMPAIRMENT AND EXCEPTIONAL ITEMS.LIQUIDITY AT END OF 2Q 2020 STOOD AT $11.2BN.Q2 CRUDE STEEL PRODUCTION 14.4 MT VERSUS 23.8 MT YEAR AGO.Q2 OWN IRON ORE PRODUCTION 13.5 MT VERSUS 14.6 MT YEAR AGO.Q2 IRON ORE SHIPPED AT MARKET PRICE 9.2 MT VERSUS 9.9 MT YEAR AGO.Q2 STEEL SHIPMENTS 14.8 MT VERSUS 22.8 MT YEAR AGO.REG-ARCELORMITTAL S.A.: ARCELORMITTAL REPORTS SECOND QUARTER 2020 AND HALF YEAR 2020 RESULTS.OUTLOOK: * WHILE SPEED AND TRAJECTORY OF DEMAND RECOVERY POST COVID-19 PANDEMIC REMAIN UNCERTAIN, ARCELORMITTAL'S CORE MARKETS ARE SHOWING SIGNS OF RECOVERY FROM EXCEPTIONALLY LOW LEVELS.COMPANY WILL CONTINUE TO ALIGN PRODUCTION LEVELS TO DEMAND, WITH ABILITY AND FLEXIBILITY TO RESTART HOT IDLED CAPACITY AS RECOVERY PROGRESSES.HAS TAKEN A COMPREHENSIVE SERIES OF ACTIONS TO REDUCE ALL COSTS TO PROTECT PROFITABILITY AND CASH FLOWS.

Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.

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