Tag Archives: ArcelorMittal

ArcelorMittal assigns LESS B classifications to selected XCarb® coils and heavy plates in Europe

ArcelorMittal Sestao steelmaking site in Spain

Classifications cover recycled and renewably produced steel from Sestao and the Charleroi-Gijón production route as ArcelorMittal expands transparency on low-emissions steel IN BRIEFKEY TAKEAWAYSFAQs ArcelorMittal has published Low Emission Steel Standard classifications for selected XCarb® recycled and renewably produced products … Read the full press release →

ArcelorMittal Says Kryvyi Rih Operations Cannot Be Safely Restarted After Four Recent Missile Strikes and Plans US$1 Billion Impairment

(IN BRIEF) ArcelorMittal has informed the Government of Ukraine that it is unable to safely and sustainably restart operations at ArcelorMittal Kryvyi Rih following four missile strikes over the past five weeks. According to the company, the attacks killed five … Read the full press release →

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 →

Vestas Reports Strong Performance in 2023, Eyes Robust Growth for 2024

(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 →

Global Steel Giant ArcelorMittal Engages dss+ for Company-Wide Safety Audit

(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 →

ArcelorMittal Completes Sale of Kazakh Steel and Mining Operation to Qazaqstan Investment Corporation

(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 →

ArcelorMittal to Pioneer Sustainable Steel Powder Production for Additive Manufacturing

(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 →

ANDRITZ’s Advanced Rolling Mill to Boost ArcelorMittal’s E-Mobility Initiatives

(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 →

ArcelorMittal Invests $5 Million in CHAR Technologies as Winner of XCarb™ Accelerator Programme

(IN BRIEF) ArcelorMittal, a global steel company, has chosen CHAR Technologies as the winner of its XCarb™ Accelerator Programme. CHAR Technologies, based in Ontario, Canada, has developed a high temperature pyrolysis technology that converts organic waste into valuable energy outputs. … Read the full press release →

ArcelorMittal shareholders approve dividend and board member re-elections

(IN BRIEF) ArcelorMittal’s Annual General Meeting and Extraordinary General Meeting have been held, with over 75% of voting rights represented. The meetings approved the distribution of a dividend of US$0.44 per share and re-elected Lakshmi N. Mittal, Aditya Mittal, and … Read the full press release →

ArcelorMittal Brasil faz parceria com Casa dos Ventos para projeto de energia eólica de 554 MW na Bahia

(NOTÍCIA EM BREVE) ArcelorMittal Brasil fez parceria com a produtora de energia renovável Casa dos Ventos para desenvolver um projeto de energia eólica de 554 MW na Bahia, Brasil. A ArcelorMittal terá 55% de participação na joint venture e a … Read the full press release →

ArcelorMittal Brazil partners with Casa dos Ventos for 554 MW wind power project in Bahia

(IN BRIEF) ArcelorMittal Brazil has partnered with renewable energy producer Casa dos Ventos to develop a 554 MW wind power project in Bahia, Brazil. ArcelorMittal will hold a 55% stake in the joint venture, with Casa dos Ventos holding the … Read the full press release →

Joint Venture von ArcelorMittal mit Nippon Steel sichert sich 5-Milliarden-Dollar-Darlehen für Expansion in Indien

(IN KÜRZE) ArcelorMittal hat bekannt gegeben, dass AMNS Luxembourg Holding S.A., die Muttergesellschaft ihres Joint Ventures zur Stahlerzeugung mit der Nippon Steel Corporation in Indien, einen Kreditvertrag über 5 Milliarden US-Dollar mit mehreren Banken, darunter der Japan Bank for International … Read the full press release →

ArcelorMittal’s Joint Venture with Nippon Steel Secures $5 Billion Loan for India Expansion

(IN BRIEF) ArcelorMittal has announced that AMNS Luxembourg Holding S.A., the parent company of its steelmaking joint venture with Nippon Steel Corporation in India, has secured a $5 billion loan agreement with several banks including the Japan Bank for International … Read the full press release →

JBIC ermöglicht Partnerschaft mit ArcelorMittal zur Unterstützung japanischer Unternehmen in der Stahlindustrie

(IN KÜRZE) ArcelorMittal und die Japan Bank for International Cooperation (JBIC) haben am 30. März 2023 eine Absichtserklärung unterzeichnet, um ihre Partnerschaft in der Stahlindustrie und den Bemühungen zur Dekarbonisierung zu stärken. Diese Vereinbarung baut auf ihrer bestehenden Beziehung auf, … Read the full press release →

JBIC Facilitates Partnership with ArcelorMittal to Support Japanese Companies in Steelmaking Industry

(IN BRIEF) ArcelorMittal and the Japan Bank for International Cooperation (JBIC) signed an MOU on March 30, 2023, to strengthen their partnership in the steelmaking industry and decarbonization efforts. This agreement builds on their existing relationship, which includes JBIC’s financing … Read the full press release →

Stahlgigant ArcelorMittal führt 120-Millionen-Dollar-Spendenrunde für die MOE-Plattform von Boston Metal an

(IN KÜRZE) Das Stahlunternehmen ArcelorMittal hat im Rahmen einer 120-Millionen-Dollar-Finanzierungsrunde der Serie C 36 Millionen US-Dollar in Boston Metal investiert. Die Investition ist die bisher größte Einzelinvestition des Unternehmens über seinen XCarb® Innovation Fund, der auf Technologien abzielt, die das … Read the full press release →

Steel Giant ArcelorMittal Leads $120 Million Fundraising Round for Boston Metal’s MOE Platform

(IN BRIEF) ArcelorMittal, the steel company, has invested $36 million in Boston Metal as part of a $120 million Series C fundraising round. The investment is the largest single initial investment to date by the company through its XCarb® Innovation … Read the full press release →

ArcelorMittal acquisition of 80 percent in voestalpine’s state-of-the-art HBI facility in Texas now completed

(PRESS RELEASE) LUXEMBOURG, 1-Jul-2022 — /EuropaWire/ — ArcelorMittal SA (AMS: MT), the world’s leading steel and mining company, has announced the completion of the acquisition of the majority shareholding (80%) of the world-class Hot Briquetted Iron (HBI) plant located in … Read the full press release →

Finaliza la adquisición por parte de ArcelorMittal del 80 % de las instalaciones HBI de última generación de Voestalpine en Texas

(COMUNICADO DE PRENSA) LUXEMBOURG, 1-Jul-2022 — /EuropaWire/ — ArcelorMittal SA (AMS: MT), la principal siderúrgica y minera del mundo, ha anunciado la finalización de la adquisición de la participación mayoritaria (80 %) de la planta de clase mundial Hot Briquetted … Read the full press release →

Stephanie Werner-Dietz to succeed Bart Wille as ArcelorMittal’s Executive Vice President and global head of HR

(PRESS RELEASE) LUXEMBOURG, 24-May-2022 — /EuropaWire/ — ArcelorMittal SA (AMS: MT), the world’s leading steel and mining company, has announced that Stephanie Werner-Dietz will succeed Bart Wille as the company’s Executive Vice President and global head of HR, in effect … Read the full press release →