at the very Core of it all … is Content!
10 March 2014 – ArcelorMittal is today holding its 2014 Investor Day, when the company will: * Reiterate its 2014 guidance * Update its medium term roadmap to a normalised Ebitda[1] per tonne of US$150 * Outline the recovery plan underway to improve Ebitda in its ACIS business segment * State that it expects global …
Luxembourg, 26 February 2014 ArcelorMittal, together with Nippon Steel & Sumitomo Metal Corporation (“NSSMC”), today announces that it has completed the acquisition of ThyssenKrupp Steel USA (“TK Steel USA”), a steel processing plant in Calvert, Alabama, having received all necessary regulatory approvals. The transaction – a 50/50 joint venture with NSSMC – was completed for …
The sale of the ThyssenKrupp Steel USA rolling and coating plant in Calvert, Alabama to a consortium of ArcelorMittal and Nippon Steel & Sumitomo Metal Corporation is completed. Upon closing, ThyssenKrupp received a purchase price of 1.55 billion US dollars from the consortium. At the same time a valuable long-term slab supply contract has been …
Luxembourg, 7 February, 2014 – ArcelorMittal today announces the dividend payment schedule for 2014. The schedule includes: the amount of the dividend; the ex-dividend; record and payment dates, as well as the date on which the foreign exchange rate is fixed to determine the value in Euros of the dividend, which is announced in US dollars. All …
Luxembourg, February 7, 2014 – 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 and twelve-month periods ended December 31, 2013. Highlights[2]: Health and safety performance improved in 2013 with an annual LTIF rate[3] of 0.8x as …
Luxembourg, 30 January 2014 – ArcelorMittal today announces that the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act (HSR) terminated on January 29, 2014 with respect to its acquisition, through a 50/50 joint venture with Nippon Steel & Sumitomo Metal Corporation, of ThyssenKrupp Steel USA. The termination of the HSR waiting period satisfies one of …
Luxembourg, 21 January 2014 – ArcelorMittal announces the completion of amendments to two credit facilities on 26 November 2013. It reduced its syndicated revolving credit facility originally entered into in March 2011, which may be utilized for general corporate purposes and which matures in 2016, from $6bn to $3.6bn. It also reduced its syndicated revolving credit …
Luxembourg, 21 January 2014 – ArcelorMittal announces the extension of the conversion date for the $1bn privately placed mandatory convertible bond (MCB) issued on 28 December 2009 by one of its wholly-owned Luxembourg subsidiaries. This amendment to the MCB, which is mandatorily convertible into preferred shares of such subsidiary, was executed on 16 January 2014. The …
Luxembourg, 11 December 2013 – ArcelorMittal today announces it has reviewed its organisation with the aim of simplifying it. As a result, it has been decided to manage the business according to region, while also maintaining the product specialisation within those regions. This will enable the businesses to continue to have their own dedicated strategy and …
Luxembourg, Friday 29 November 2013 – ArcelorMittal today announces that it has entered into a 50/50 joint venture partnership with Nippon Steel & Sumitomo Metal Corporation (“NSSMC”) to acquire 100% of ThyssenKrupp Steel USA (“TK Steel USA”) from ThyssenKrupp for an agreed price of US$1,550 million. TK Steel USA is a steel processing plant situated …