(IN BRIEF) ArcelorMittal and the Government of Liberia have ratified an amended Mineral Development Agreement extending the company’s mining concession to 2050, with an option for a further 25-year renewal, reinforcing Liberia’s role as a key mining hub in West … Read the full press release
Posted in Business, Financial, Government, Industrial, Investment, Luxembourg, Management, Metals and Minerals, Technology
Tagged ArcelorMittal, ArcelorMittal Extends Liberia Mining Agreement to 2050 as Major Iron Ore Expansion Nears Completion, Buchanan port, economic development, Employment, foreign direct investment, infrastructure investment, iron ore concentrator, iron ore mining, LIBERIA, Mineral Development Agreement, mining expansion, multi-user railway, Nimba County, rail infrastructure, Tokadeh, West Africa mining
(IN BRIEF) ANDRITZ will equip the ArcelorMittal–China Oriental Group joint venture in Changzhou with essential silicon steel production technology, including three annealing and coating lines, a reversing cold rolling mill, and twelve inductors. This installation supports the NEMM project’s mission … Read the full press release
Posted in Austria, Business, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, Marketing, Metals and Minerals, News, Technology
Tagged Andritz, ArcelorMittal, ArcelorMittal Jinxi New Materials (Changzhou) Co., Changzhou, China Oriental Group, decarbonization, final annealing coating lines, foreign direct investment, generators, green manufacturing, inductors, industrial modernization, Jiangsu province, metals technology, NEMM, NEV motors, New Energy Magnetic Material project, New Energy Vehicles, partnership, Q2 2025, reversing cold rolling mill, silicon steel, sustainability, transformers
(IN BRIEF) ArcelorMittal has launched a new share buyback program following the successful completion of an earlier 85 million share buyback. The new program, set to continue through May 2030, involves purchasing shares in multiple tranches, with the initial tranche … Read the full press release
Posted in Business, Economy, Financial, Industrial, Investment, Luxembourg, Management, Metals and Minerals, News
Tagged 10 million shares, 85 million shares, ArcelorMittal, employee share programs, exchangeable equity securities, market conditions, post-dividend free cash flow, repurchase program, share buyback, shareholder authorization
(IN BRIEF) In 2024, the VELUX Group achieved a major sustainability milestone by cutting its operational emissions by 11%, bringing the total reduction to 60% compared to 2020 levels. This improvement was largely driven by a transition to renewable energy … Read the full press release
Posted in Business, Construction, Denmark, Environment, Financial, Industrial, Infrastructure & Utilities, Investment, Management, News, Technology
Tagged ArcelorMittal, biodiversity, Children’s Living Places, circular business, Circularity, CO₂, diversity, ecosystem improvement, EcoVadis, Emissions Reduction, energy efficiency, energy intensity, EV100, Lars Petersson, Refurbishment, renewable energy, Scope 3 emissions, sustainability, take-back schemes, UKRAINE, VELUX Group, women in management
(IN BRIEF) ArcelorMittal has announced a delay in its investment decisions regarding hydrogen-ready steel production technologies, citing uncertainties in the regulatory and energy markets. While progress on green hydrogen remains slow, the company continues to pursue other avenues for reducing … Read the full press release
Posted in Banks, Business, Environment, Financial, Industrial, Investment, Luxembourg, Management, Metals and Minerals, News, Technology
Tagged Aditya Mittal, ArcelorMittal, Decarbonization Efforts, Europe, sustainability
(IN BRIEF) The VELUX Group has signed a 10-year agreement with ArcelorMittal to supply low-carbon XCarb® steel for its roof windows, reducing the carbon footprint of steel used in its products bym up to 70%. This collaboration follows successful tests … Read the full press release
Posted in Business, Construction, Denmark, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Luxembourg, Management, Metals and Minerals, News
Tagged ArcelorMittal, Jesús Villalba, Laurent Plasman, Low-Emission Steel, Luxembourg, partnership, sustainability, VELUX, XCarb® steel
(IN BRIEF) ArcelorMittal has entered into an agreement to purchase Nippon Steel Corporation’s 50% stake in the AM/NS Calvert Joint Venture, contingent upon NSC’s successful acquisition of US Steel. As part of the deal, NSC will inject approximately $0.9 billion … Read the full press release
Posted in Business, Environment, Financial, Germany, Government, Industrial, Investment, Luxembourg, Management, Metals and Minerals, News, Technology
Tagged acquisition, AM/NS Calvert, ArcelorMittal, Nippon Steel, partnership, sustainability, US Steel Deal
(IN BRIEF) ArcelorMittal has released the findings from a comprehensive workplace safety audit conducted by dss+, which was commissioned to enhance the company’s safety performance. Over nine months, the audit assessed operations globally, focusing on fatality prevention, process safety management, … Read the full press release
Posted in Business, Environment, Financial, Government, Industrial, Investment, Luxembourg, Management, Metals and Minerals, News, Security & Safety, Switzerland, Technology
Tagged Aditya Mittal, ArcelorMittal, Davide Vassallo, dss+, partnership, safety, sustainability, Switzerland, Workplace Safety Audit
(IN BRIEF) ArcelorMittal recently hosted an investor day at AM/NS India’s flagship steel plant in Hazira, Gujarat, to showcase its significant progress and future growth plans. AM/NS India, a joint venture between ArcelorMittal and Nippon Steel, aims to expand its … Read the full press release
Posted in Business, Industrial, Investment, Luxembourg, Metals and Minerals
Tagged Aditya Mittal, AM/NS India, ArcelorMittal, carbon intensity reduction, Dilip Oommen, downstream expansion, Gujarat, Hazira, Indian steel market, Investor Day, joint venture, Magnelis®, Nippon Steel, renewable energy, steelmaking
(IN BRIEF) ArcelorMittal has completed the acquisition of a 28.4% equity interest in Vallourec from Apollo Global Management for approximately €955 million. Following the acquisition, ArcelorMittal executives will join Vallourec’s board. ArcelorMittal does not plan to launch a tender offer … Read the full press release
(IN BRIEF) Paris 2024, in anticipation of the Torch Relay’s arrival in Marseille on 8 May, reveals the striking design of the Olympic and Paralympic Torch Relay cauldron, crafted by renowned designer Mathieu Lehanneur and manufactured by ArcelorMittal. The cauldron, … Read the full press release
Posted in Business, Entertainment, France, Industrial, Management, Media, Metals and Minerals, News, Sports
Tagged ArcelorMittal, Cauldron, design, Eric Niedziela, Mathieu Lehanneur, Olympic, Paralympic, Paris 2024, sports, Tony Estanguet, Torch Relay
(IN BRIEF) ArcelorMittal has published its first-quarter 2024 sell-side analyst consensus figures, revealing estimates for EBITDA, net income, and earnings per share. These figures, compiled by Visible Alpha based on the assessments of sell-side analysts, provide insights into the company’s … Read the full press release
Posted in Business, Economy, Financial, Industrial, Investment, Luxembourg, Management, Metals and Minerals, News
Tagged 1Q 2024 Analyst Consensus Figures, 2023 Factbook, ArcelorMittal, Financial, investment
(IN BRIEF) ArcelorMittal, a major steel company based in Luxembourg, has announced the date for its Annual General Meeting of shareholders, scheduled for April 30, 2024, at 3 p.m. CET. Shareholders eligible to vote will be determined based on their … Read the full press release
Posted in Business, Industrial, Luxembourg, Management, Metals and Minerals
Tagged Annual General Meeting, ArcelorMittal, board committee, Luxembourg, Mrs. Karyn Ovelmen, shareholders, STEEL
(IN BRIEF) ArcelorMittal, in line with its fourth-quarter 2023 financial results, has made significant amendments to its segment reporting and EBITDA definition effective from January 1, 2024. Key changes include redefining EBITDA to encompass operating result, depreciation, impairments, exceptional items, … Read the full press release
Posted in Business, Economy, Environment, Financial, Industrial, Investment, Luxembourg, Management, Metals and Minerals, News
Tagged ArcelorMittal, Clarity, Financial, investment
(IN BRIEF) ArcelorMittal, a global leader in steel and mining, has named Kleber Silva as the Executive Vice President and Chief Executive Officer of its mining division, effective April 8, 2024. Kleber, who brings 35 years of extensive experience in … Read the full press release
Posted in Business, Industrial, Luxembourg, Management, Metals and Minerals, News
Tagged Aditya Mittal, appointment, ArcelorMittal, CEO, Kleber Silva, leadership, Mining Division, Stefan Buys
(IN BRIEF) For the year 2023, Vestas achieved revenue of EUR 15,382m (outlook: EUR 14.5-15.5bn), with an EBIT margin before special items of 1.5 percent (outlook: 0-2 percent), and total investments1 of EUR 823m (outlook: approx. EUR 0.8bn). The value of the … Read the full press release
(IN BRIEF) ArcelorMittal, a prominent global steel and mining company, has announced its collaboration with dss+, a leading sustainable operations management consulting service, to conduct a comprehensive safety audit across the company. The decision to undertake this company-wide audit aligns … Read the full press release
(IN BRIEF) ArcelorMittal has successfully concluded the sale of its Kazakh steel and mining operation, ArcelorMittal Temirtau, to the Qazaqstan Investment Corporation (QIC), a state-controlled direct investment fund. The transaction involves a total consideration of $986 million, comprising $286 million … Read the full press release
(IN BRIEF) ArcelorMittal, a global steel industry leader, is entering the additive manufacturing (AdM) market as a supplier of high-quality steel powders. The company is constructing an industrial-scale atomizer in Spain, with production scheduled to begin in January 2024. This … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Industrial, Investment, Luxembourg, Metals and Minerals, Spain, Technology
Tagged 17-4PH, 316L, 430L, AdamIQ™, additive manufacturing, ADM, ArcelorMittal, ArcelorMittal Powders, atomiser, Aviles, Binder Jetting, Colin Hautz, direct energy deposition, Gregory Ludkovsky, H11, H13, inert gas atomiser, laser powder bed fusion, low alloy steels, LPBF, M300, scrap steel, Spain, stainless steels, steel powder supplier, steel powders, tool steels
(IN BRIEF) ANDRITZ, a leading international technology group, has secured a major contract from ArcelorMittal in France to provide a cutting-edge reversible 6-high cold-rolling mill for processing high-grade non-oriented silicon steel strip (NGO) used in electric motors for e-mobility. This … Read the full press release
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