at the very Core of it all … is Content!
Harnessing green hydrogen and renewable electricity, the Sestao plant will achieve zero carbon-emissions. ArcelorMittal today announces that its Sestao plant in Spain will become the world’s first full-scale zero carbon-emissions steel plant. The development is the result of a memorandum of understanding signed today with the Government of Spain that will see an investment of …
The Annual General Meeting and Extraordinary General Meeting (‘General Meetings’) of shareholders of ArcelorMittal (‘the Company’) held today approved all resolutions by a strong majority. 68% of the voting rights were represented at the General Meetings. In view of the Covid-19 outbreak, the Board of Directors of ArcelorMittal had decided to hold this year’s General …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …