arcelormittal Archive

ArcelorMittal to temporarily reduce annualised European primary steelmaking production by three million tonnes

Regrettable decision necessary due to combination of weakening demand, rising imports coupled with insufficient EU trade protection, high energy costs and rising carbon costs  6 May 2019, 08:55 CET ArcelorMittal today announces its intention to temporarily idle production at its steelmaking facilities in Kraków, Poland and reduce production in Asturias, Spain. In addition, the planned

ArcelorMittal receives European Commission approval for the sale of several European steelmaking assets to Liberty House

17 April 2019, 17:00 CET – ArcelorMittal (‘the Company’) today announces that it has received European Commission (‘EC’) approval for the sale of several steelmaking assets to Liberty House Group. The assets form a divestment package the Company agreed with the European Commission (‘EC’) during its merger control investigation into the Company’s acquisition of Ilva

ArcelorMittal reports fourth quarter 2018 and full year 2018 results

Luxembourg, February 7, 2019 – ArcelorMittal (referred to as “ArcelorMittal” or the “Company”) (MT (New York, Amsterdam, Paris, Luxembourg), MTS (Madrid)), the world’s leading integrated steel and mining company, today announced results[1] for the three-month and twelve-month periods ended December 31, 2018. 2018 highlights: Health and safety performance improved in FY 2018 with annual LTIF

ArcelorMittal signs US$5,500,000,000 Revolving Credit Facility

20 December 2018 – On 19 December 2018, ArcelorMittal signed a US$5,500,000,000 Revolving Credit Facility (the “Facility”), with a five-year maturity plus two one-year extension options. The Facility will replace the US$5,500,000,000 revolving credit facility agreement signed 30 April 2015 and amended 21 December 2016, and will be used for the general corporate purposes of

ArcelorMittal reaches agreement with Liberty House for the sale of finishing lines in Dudelange and Liège

2 November 2018 – ArcelorMittal (‘the Company’) today announces that it has received a binding offer from Liberty House Group for the acquisition of ArcelorMittal Dudelange (Luxembourg) and the following finishing lines at ArcelorMittal Liège (Belgium): hot dipped galvanising lines 4 and 5 in Flemalle; and hot-rolled pickling, cold rolling and tin packaging lines in

ArcelorMittal takes required step to ensure its offer for Essar Steel is eligible

17 October 2018 – ArcelorMittal (‘the Company’) announces that, in-line with the Indian Supreme Court ruling dated 4 October 2018, it has approved a payment of 7,469 crore rupees (c. $1 billion) to the financial creditors of Uttam Galva and KSS Petron to clear overdue debts in order that the offer it submitted for Essar

ArcelorMittal reaches agreement with Liberty House for the sale of its steelmaking facilities in Czech Republic, Romania, Macedonia and Italy

12 October 2018 – ArcelorMittal (‘the Company’) today announces that it has received a binding offer from Liberty House Group for the acquisition of ArcelorMittal Ostrava (Czech Republic), ArcelorMittal Galati (Romania), ArcelorMittal Skopje (Macedonia) and ArcelorMittal Piombino (Italy). The four assets are part of a divestment package the Company agreed with the European Commission (‘EU’)

ArcelorMittal submits revised proposal for the acquisition of Essar Steel

11 September 2018 – In response to media speculation, ArcelorMittal (the Company) confirms that yesterday, 10 September 2018, it submitted a revised proposal to Essar Steel India Limited’s (ESIL) Committee of Creditors for the acquisition of ESIL. The Company can also confirm that media reports speculating on the financial value of the revised offer are broadly

ArcelorMittal reaches labour agreement with Ilva’s trade unions

6 September 2018 – ArcelorMittal (the Company) announces that it has today reached a provisional labour agreement with Ilva’s trade unions. The agreement is an important milestone in AM Investco Italy Srl (AM Investco)’s proposed acquisition of Ilva S.p.A (Ilva). The key terms of the provisional agreement are as follows: The labour agreement details a

ArcelorMittal announces result of its Extraordinary General Meeting

16 May 2018 – The Extraordinary General Meeting (EGM) of shareholders of ArcelorMittal held today in Luxembourg approved the resolution on the EGM agenda by a strong majority. The sole proposal was to change the currency of the share capital from Euro to US dollar. 69,2% of the voting rights were represented at the general