Tag Archives: ArcelorMittal

ArcelorMittal Releases Special Podcast Episode on Its Creation, Growth and Future

(IN BRIEF) ArcelorMittal has released a special edition of its Steel Talks podcast to mark the company’s 20th anniversary. The episode features Executive Chairman Lakshmi Mittal, CEO Aditya Mittal and journalist and author Tim Bouquet, whose 2008 book Cold Steel … Read the full press release

ArcelorMittal Selects Microsoft Azure as Core Platform for Data-Centric Industrial Digital Strategy

(IN BRIEF) ArcelorMittal has expanded its collaboration with Microsoft to accelerate its transformation into a data-driven and AI-enabled organisation. The collaboration supports ArcelorMittal’s “Cloud First, Data Centric” strategy, with Microsoft Azure becoming the company’s primary cloud computing platform. ArcelorMittal will … Read the full press release

Second ArcelorMittal Buyback Tranche Begins Following Completion of Initial €49.32-Per-Share Repurchases

(IN BRIEF) ArcelorMittal has completed the first tranche of its 2025–2030 share buyback programme, repurchasing 10 million shares at an average price of €49.32 each. The company has now started a second tranche for up to a further 10 million … Read the full press release

ArcelorMittal Uses AWS Collaboration to Strengthen Safety, Reliability and Energy Efficiency in Steel Production

(IN BRIEF) ArcelorMittal has entered into a strategic collaboration with Amazon Web Services to accelerate industrial automation across its global steelmaking operations using cloud, AI and edge technologies. The company plans to converge selected operational technology and information technology systems … Read the full press release

ArcelorMittal Sets Date and Agenda for Annual and Extraordinary General Meetings in Luxembourg

(IN BRIEF) ArcelorMittal has announced the publication of the convening notice for its 2026 Annual and Extraordinary General Meetings, which will take place on 5 May 2026 in Luxembourg. Shareholders eligible to vote will be those recorded as of 21 … Read the full press release

ArcelorMittal and Liberia Secure Long-Term Mining Partnership Supporting Multi-Billion-Dollar Infrastructure Investment

(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

ANDRITZ to Equip ArcelorMittal–China Oriental JV with Silicon Steel Lines for NEV Magnet Production

(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

ArcelorMittal Unveils New Share Buyback Program Tied to Free Cash Flow Performance

(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

VELUX Group Sets Bold Sustainability Milestones with 60% Emissions Reduction and New Circularity Initiatives

(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

ArcelorMittal Faces Regulatory Challenges in Advancing European Decarbonization Efforts

(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

VELUX Partners with ArcelorMittal to Reduce Carbon Footprint with Low-Emission Steel

(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

ArcelorMittal to Acquire Nippon Steel’s Stake in AM/NS Calvert Following US Steel Deal

(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

ArcelorMittal Reveals Key Findings from Comprehensive Workplace Safety Audit Conducted by dss+

(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

ArcelorMittal Unveils AM/NS India’s Expansion Plans to Meet India’s Surging Steel Demand

(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

ArcelorMittal Acquires 28.4% Stake in Vallourec for €955 Million, Strengthens Board Representation

(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

Paris 2024 Unveils Stunning Design for Olympic and Paralympic Torch Relay Cauldron by Mathieu Lehanneur

(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

ArcelorMittal Releases 1Q 2024 Analyst Consensus Figures and 2023 Factbook

(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

ArcelorMittal Sets Date for Annual General Meeting and Updates on Board Committee Chair

(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

ArcelorMittal Refines Segment Reporting and EBITDA Definition for Enhanced Clarity

(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

ArcelorMittal Appoints Kleber Silva as CEO of Mining Division, Bids Farewell to Stefan Buys

(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