at the very Core of it all … is Content!
US$3.0 billion capital raise US$1.0 billion from sale of Gestamp Pro forma net debt below US$12 billion Luxembourg, 5 February, 2016 – ArcelorMittal (the “Company”) today announces a proposed[1] capital raise of US$3.0[2] billion which, alongside the sale of its minority stake in Gestamp for approximately US$1 billion also announced today, would reduce pro forma …
22 May 2015 – ArcelorMittal, the world’s leading steel and mining company, and the Steel Authority of India Limited (‘SAIL’), India’s leading steel company, today, signed a Memorandum of Understanding (‘MoU’) to set up an automotive steel manufacturing facility under a Joint Venture (‘JV’) arrangement in India. The MoU was signed in London today by …
Valin ArcelorMittal Automotive Steel Co (VAMA) today officially opened its new advanced automotive steel plant in China, beginning a new era of automotive manufacturing in the country. VAMA, the joint venture between ArcelorMittal and Hunan Iron & Steel Co., will produce high-strength automotive steels that currently have to be imported, for the Chinese market. …
Loudi, China, 15 June 2014 – Valin ArcelorMittal Automotive Steel Co (VAMA) today officially opened its new advanced automotive steel plant in China, beginning a new era of automotive manufacturing in the country. VAMA, the joint venture between ArcelorMittal and Hunan Iron & Steel Co., will produce high-strength automotive steels that currently have to be …
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 …
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 …
7th October 2013 – ArcelorMittal and Sider, an Algerian state-owned company, signed a strategic agreement on Saturday 5 October that includes an investment plan of US$763m for the steel complex at Annaba and the mines in Ouenza and Boukhadra. The plan includes a project to more than double the steel plant’s production capacity from 1 …
Luxembourg, May 10, 2013 – 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 for the three month period ended March 31, 2013. On January 1, 2013, in accordance with IFRS as issued by the International Accounting Standards …
Luxembourg, February 6, 2013 – 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 for the three and twelve-month periods ended December 31, 2012. Highlights: Health and safety performance improved in 2012 with an annual LTIF rate of 1.0x …