Aditya Mittal Archive

ArcelorMittal and Nippon Steel complete acquisition of Essar Steel

16 December 2019 – 12:40 CET – ArcelorMittal announces that it has today completed the acquisition of Essar Steel India Limited (‘ESIL’), and simultaneously established a joint venture with Nippon Steel Corporation (‘Nippon Steel’), called ArcelorMittal Nippon Steel India Limited (‘AM/NS India’), which will own and operate ESIL. ArcelorMittal holds 60 per cent of AM/NS

Aditya Mittal appointed President of ArcelorMittal

Luxembourg, 5 March 2018 – ArcelorMittal announces that Aditya Mittal, Group CFO and CEO of ArcelorMittal Europe, has been appointed as President, ArcelorMittal, in addition to his current responsibilities. This nomination reflects the increasing global strategic role Aditya has across the group, supporting the Chairman and CEO, Mr Lakshmi Mittal. Commenting, Mr Mittal said: “Aditya

ArcelorMittal led consortium reaches agreement regarding Ilva lease and purchase agreement

16 June 2017 – ArcelorMittal (‘the Company’) and Marcegaglia announce that AM Investco Italy Srl (‘AM Investco’) has concluded the exclusive negotiation phase and reached a binding agreement concerning the lease and obligation to purchase Ilva S.p.A and its subsidiaries with the Italian Government. The ancillary documentation will be completed by 30 June. Intesa Sanpaolo

ArcelorMittal and Marcegaglia submit offer for Ilva – ArcelorMittal 

Investment commitments of over €2.3 billion in addition to the purchase price Intention to produce 9.5 million tonnes of finished products Commitment to build research and development centre in Taranto Commitment to implement new low-carbon steel-making technologies Letter of intent to join consortium signed with Banca Intesa SanPaolo   6 March 2017 –  ArcelorMittal and

ArcelorMittal Europe reports €340m operating profit for Q2 2016

29 July 2016 – ArcelorMittal Europe has reported its second quarter 2016 results, with a €340m operating profit for the three months to 30 June 2016 – significantly higher than the €77m operating profit reported in the first quarter of 2016. Year-on-year, Q2 operating profit in 2016 was slightly lower compared to €352m in Q2

ArcelorMittal Europe reports €328m Ebitda for first quarter of 2016

6 May 2016 – ArcelorMittal Europe has announced its results for the first quarter of 2016, reporting a 34% drop in Ebitda to €328m compared with Q4 2015, mainly due to a 7.2% decline in average steel selling prices for the first three months of 2016. Lower prices were however offset in part by higher

ArcelorMittal Europe reports €145m operating profit for 2015

5 February 2016 ArcelorMittal Europe today announced its results for the full year 2015 and the fourth quarter ended 31 December 2015. For the full year 2015, the Europe segment reported an operating profit of €145m. This compares with an operating profit of €549m in 2014, reflecting the impact of lower steel prices on the

ArcelorMittal sells its 35% stake in Gestamp Automoción for €875m

5 February 2016 – ArcelorMittal today announces it has sold its 35% stake in Gestamp Automoción (“Gestamp”) to the majority shareholder, the Riberas family, for a total cash consideration of €875m. The transaction is unconditional and payment is expected to be made to ArcelorMittal within six months. In addition to the cash consideration, ArcelorMittal will

ArcelorMittal announces new organisational structure for the Americas and group finance

16 December 2015 – ArcelorMittal today announces that Lou Schorsch, 66, senior executive vice president, member of the Group Management Board and CEO of ArcelorMittal Americas will retire from the company, effective end of February 2016. Mr Schorsch joined the company in 2003 as CEO of Ispat Inland. Going forward it has been decided to

ArcelorMittal Europe reports operating loss of €23 million for Q3 2015

6 November 2015 – ArcelorMittal Europe today announced its results for the third quarter ended 30 September 2015. While Ebitda for the quarter was €496 million, the segment recorded an operating loss of €23 million, compared with an operating profit of €125 million for Q3 2014. Record levels of imports, particularly from China and the