Edition:
United Kingdom

ArcelorMittal SA (MT.AS)

MT.AS on Amsterdam Stock Exchange

27.36EUR
22 Jun 2018
Change (% chg)

€0.37 (+1.35%)
Prev Close
€27.00
Open
€27.00
Day's High
€27.50
Day's Low
€26.96
Volume
3,987,692
Avg. Vol
5,219,422
52-wk High
€30.76
52-wk Low
€17.89

Latest Key Developments (Source: Significant Developments)

Veolia and ArcelorMittal to modernize energy production at Fos-sur-Mer site
Wednesday, 23 May 2018 

May 23 (Reuters) - Veolia /ArcelorMittal ::* Creation of joint venture to modernize the energy production plant at Fos-sur-Mer and to improve the site’s environmental performance.* Aim to optimize recovery of energy from steelmaking gases and reducing CO2 emissions.* Investments required to renovate the energy installations will be made by a joint venture owned 50/50 by ArcelorMittal Méditerranée and Veolia Industries Global Solutions, and will represent about €190 million over a period of 3 years.* Operation and maintenance of this plant will be entrusted to Veolia Industries Global Solutions for a period of 15 years, and will generate revenue of about €450 million over that period.* The Fos-sur-Mer site, which has an annual production capacity of 4.6 million metric tons of steel and specializes in the production of hot-rolled coils, is one of the largest ArcelorMittal sites in Europe.  Full Article

Arcelormittal Announces Partnership With Veolia
Wednesday, 23 May 2018 

May 23 (Reuters) - ARCELORMITTAL SA ::ANNOUNCES PARTNERSHIP WITH VEOLIA TO MODERNIZE ENERGY PRODUCTION PLANT IN FOS-SUR-MER.  Full Article

Arcelormittal Q1 EBITDA up at 2.5 billion dollars
Friday, 11 May 2018 

May 11 (Reuters) - ARCELORMITTAL SA ::REG-ARCELORMITTAL REPORTS RESULTS FOR THE FIRST QUARTER 2018.EBITDA OF $2.5 BILLION IN 1Q 2018, 17.3% HIGHER.NET INCOME OF $1.2 BILLION IN 1Q 2018 AS COMPARED TO $1.0 BILLION IN BOTH 4Q 2017 AND 1Q 2017.STEEL SHIPMENTS OF 21.3 MT IN 1Q 2018, UP 1.7% VERSUS. 4Q 2017 AND UP 1.4% VERSUS. 1Q 2017.1Q 2018 IRON ORE SHIPMENTS OF 13.8MT (+3.6% YOY).Q1 OWN IRON ORE PRODUCTION 14.6 MT VERSUS 14.0 MT YEAR AGO.Q1 EBITDA $2.51 BILLION VERSUS $2.33 BILLION IN REUTERS POLL.IMPROVEMENT IN GLOBAL STEEL MARKET DYNAMICS HAS CONTINUED INTO 2018.Q1 IRON ORE SHIPPED AT MARKET PRICE 9.1 MT VERSUS 8.7 MT YEAR AGO.OUTLOOK FOR 2018 HAS STRENGTHENED AS YEAR HAS PROGRESSED.Q1 EBITDA/TONNE $118 VERSUS $106 YEAR AGO.COMBINATION OF GROWING DEMAND AND SUPPLY-SIDE REFORM DRIVING HIGHER CAPACITY UTILISATION RATES AND HEALTHY STEEL SPREADS GLOBALLY.Q1 SALES $19.19 BILLION VERSUS $18.48 BILLION IN REUTERS POLL.Q1 NET INCOME ATTRIBUTABLE TO EQUITY HOLDERS OF THE PARENT $1.19 BILLION VERSUS $1.05 BILLION IN REUTERS POLL.EXPECT TO COMPLETE ILVA ACQUISITION BY END OF Q2 2018.Q1 CRUDE STEEL PRODUCTION 23.3 MT VERSUS 23.6 MT YEAR AGO.WORKING CAPITAL REQUIREMENTS FOR 2018 ARE EXPECTED TO BE DRIVEN BY MARKET CONDITIONS.Q1 STEEL SHIPMENTS 21.3 MT VERSUS 21.6 MT IN REUTERS POLL.EXPECTS CASH NEEDS OF BUSINESS TO INCREASE IN 2018 TO APPROXIMATELY $5.6 BILLION FROM $4.4 BILLION IN 2017.2018 NET INTEREST IS EXPECTED TO DECLINE TO $0.6 BILLION FROM $0.8 BILLION IN 2017.  Full Article

ArcelorMittal Acquires Exosun​
Thursday, 4 Jan 2018 

Jan 4 (Reuters) - ARCELORMITTAL SA ::ACQUISITION OF EXOSUN​.EXOSUN IS A COMPANY SPECIALIZING IN SOLAR TRACKING FOR PHOTOVOLTAIC PLANTS.  Full Article

Stalprodukt to Buy GO Steel Frydek Mistek For Up to 40 Mln Euros
Monday, 18 Dec 2017 

Dec 18(Reuters) - Stalprodukt SA ::SAID ON FRIDAY THAT IT HAS SIGNED AN AGREEMENT TO BUY 100 PERCENT STAKE IN GO STEEL FRYDEK MISTEK A.S. BASED IN CZECH REPUBLIC FROM ARCELORMITTAL SA <<>>.THE FINAL VALUE OF THE DEAL WILL BE UP TO 40 MILLION EUROS.  Full Article

ArcelorMittal Issues Fixed Rate Notes For 500 Million Euros At 0.95 Pct
Monday, 4 Dec 2017 

Dec 4 (Reuters) - ARCELORMITTAL SA ::ANNOUNCES THE ISSUANCE OF €500 MILLION 0.95% FIXED RATE NOTES UNDER ITS €10 BILLION EMTN PROGRAMME.‍NOTES DUE 17 JANUARY 2023​.  Full Article

ArcelorMittal: accident at coke plant in Ghent, one fatality
Monday, 20 Nov 2017 

Nov 20 (Reuters) - ARCELORMITTAL SA ::ON NOV 20 AT 15:10 EXPLOSION TOOK PLACE IN BY-PRODUCTS ZONE OF COKE PLANT IN ARCELORMITTAL GHENT ‍​.ACCIDENT RESULTED IN ONE FATALITY AND TWO INJURED PEOPLE WHO ARE BOTH IN A STABLE CONDITION‍​.CONFIRMS THAT THERE IS NO DANGER TO SURROUNDING AREA AND THAT INSTALLATION HAS BEEN MADE SAFE‍​.CO IS INVESTIGATING EXACT CIRCUMSTANCES AND CAUSES OF THE ACCIDENT ‍​.COKE PLANT GAS IS CURRENTLY BEING FLARED IN ACCORDANCE WITH STATED PROCEDURES ‍​.  Full Article

Arcelormittal Q3 EBITDA up at 1.92 billion euros
Friday, 10 Nov 2017 

Nov 10 (Reuters) - Arcelormittal Sa :ARCELORMITTAL REPORTS THIRD QUARTER 2017 RESULTS.Q3 EBITDA $ ‍​ 1.92 BILLION VERSUS $1.86 BILLION IN REUTERS POLL.ARCELORMITTAL - ‍NOW EXPECTS A FULL YEAR 2017 INVESTMENT IN WORKING CAPITAL OF APPROXIMATELY $2.0 BILLION VERSUS $1.5 BILLION PREVIOUSLY​.Q3 EBITDA/TONNE $ ‍​89 VERSUS $93 YEAR AGO.Q3 STEEL SHIPMENTS 21.7 ‍​ MT VERSUS 21.3 MT IN REUTERS POLL.ARCELORMITTAL SA - ‍"WE OPERATE IN A COMPETITIVE GLOBAL ENVIRONMENT WHICH IS CHARACTERIZED BY OVERCAPACITY AND HIGH LEVELS OF IMPORTS"​.Q3 REVENUE $17.64 ‍​ BILLION VERSUS $16.82 BILLION IN REUTERS POLL.Q3 NET INCOME ATTRIBUTABLE TO EQUITY HOLDERS OF PARENT $ 1.21 BILLION VERSUS $735 MILLION IN REUTERS POLL.ARCELORMITTAL SA - ‍MARKET CONDITIONS ARE FAVORABLE​.ARCELORMITTAL - ‍DEMAND ENVIRONMENT REMAINS POSITIVE AND STEEL SPREADS REMAIN HEALTHY​.Q3 IRON ORE SHIPPED AT MARKET PRICE ‍​ 9.1 MT VERSUS 8.1 MT YEAR AGO.Q3 CRUDE STEEL PRODUCTION ‍​ 23.6 MT VERSUS 22.6 MT YEAR AGO.Q3 OWN IRON ORE PRODUCTION ‍​14.2 MT VERSUS 13.7 MT YEAR AGO.ARCELORMITTAL SA - GLOBAL APPARENT STEEL CONSUMPTION FORECAST TO INCREASE BY +2.5% TO +3.0% IN 2017 ‍​.ARCELORMITTAL - IN CHINA, DEMAND GROWTH EXPECTED DUE TO STRENGTH IN AUTOMOTIVE AND MACHINERY‍​.ARCELORMITTAL - ASP WERE 1.5% HIGHER THIS QUARTER AS COMPARED TO 2Q DUE TO IMPROVED PRICES IN EUROPE (+3.5%) AND ACIS (+3.3%).  Full Article

ArcelorMittal keeps forecast for 2017 steel demand growth
Friday, 10 Nov 2017 

Nov 10 (Reuters) - Arcelormittal :Says sees global apparent steel consumption growing by between 2.5 and 3.0 percent in 2017. Same forecast as made in July.  Full Article

Black Iron provides update on go forward development plan
Monday, 30 Oct 2017 

Oct 30 (Reuters) - Black Iron Inc :Black Iron provides update on go forward development plan.Black Iron - PEA for ‍Shymanivske Iron Ore project expected to be completed in mid-Q4; co expects it to show "extremely favourable" economics​.Black Iron - co to initiate discussions with debt finance sources including European Bank For Reconstruction And Development.  Full Article

Deals of the day-Mergers and acquisitions

June 21 The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Thursday: ** China State Grid has raised its offer to 13.81 reais per share in CPFL Energias Renovaveis SA after Brazilian securities industry regulator CVM mandated a review on the criteria used by the Chinese company to calculate the offer price. ** French luxury group Kering said it was in talks with Christopher Kane to sell the eponymous brand back to the British designer, as the conglo