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Arcelormittal: European Investment Bank Grants EUR 75M Loan To Reduce Carbon Emissions
ArcelorMittal: Shares, Notes Offerings In Expected Total Amount Of $2.0 Bln
Arcelormittal Sees Q2 EBITDA Within Range Of $0.4 Bln To $0.6 Bln
ArcelorMittal S.A. (ArcelorMittal) is a holding company. The Company, together with its subsidiaries, owns and operates steel manufacturing and mining facilities in Europe, North and South America, Asia and Africa. ArcelorMittal operates through five segments, which include NAFTA; Europe; Brazil; Africa and Commonwealth of Independent States (ACIS), and Mining. The NAFTA segment produces flat, long and tubular products. The Brazil segment includes the flat operations of Brazil, and the long and tubular operations of Brazil and neighboring countries. The Europe segment is the flat steel producer in Europe. The ACIS segment produces a combination of flat, long products and tubular products. The Mining segment comprises all mines owned by ArcelorMittal in the Americas, Asia, Europe and Africa. It produces a range of finished and semi-finished steel products (semis). The Company operates through its subsidiary Exosun.
Iron & Steel
24-26 Boulevard d'Avranches
Lakshmi Narayan Mittal
Chairman of the Board, Chief Executive Officer, Member of the Management Committee, Member of the Executive Board
President, Chief Financial Officer, Member of the Executive Board, Member of the Management Committee, Chief Executive Officer ArcelorMittal Europe
Brian E. Aranha
Executive Vice President, Member of the Executive Board, Member of the Management Committee, Head of Strategy, CTO, R&D, CCM, and Global Automotive
Executive Vice President, Head of Human Resources, Member of the Management Committee, Member of the Executive Board
Jefferson de Paula
Executive Vice President, Member of the Executive Board, Member of the Management Committee, Chief Executive Officer ArcelorMittal South America Long
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ArcelorMittal <MT.AS> said on Wednesday it had halted output at its Bosnia steel plant and at mines that supply it with iron ore for 10 days due to a drop in demand caused by the coronavirus crisis, a move that angered its workforce.
ArcelorMittal <MT.AS> halted production at its steel mill in the central Bosnian town of Zenica after workers there went on strike in solidarity with colleagues furloughed over the coronavirus crisis, the company and unions said on Tuesday.
Privately owned Liberty Steel Group said on Monday it has appointed a former executive of ArcelorMittal <MT.AS> to a top role in the firm.
ArcelorMittal <MT.AS>, the world's largest steelmaker, is issuing $2 billion of shares and convertible notes at a deep discount to accelerate debt reduction plans that have been slowed by the COVID-19 pandemic.
ArcelorMittal, the world's largest steelmaker, forecast its steel shipments would fall by up to a third in the second quarter, leading to sharply lower profits as coronavirus restrictions hit demand.
* WILL PROVIDE UPDATED GUIDANCE ON OUR 2020 CASH REQUIREMENTS, INCLUDING CAPITAL EXPENDITURE, WHEN WE ANNOUNCE OUR Q1 2020 RESULTS ON 7 MAY 2020
Japan's biggest steelmaker Nippon Steel Corp <5401.T> said on Tuesday its joint venture with ArcelorMittal <MT.AS> has signed a $5.15 billion (4.21 billion pounds) loan agreement with Japanese banks, including Japan Bank for International Cooperation.
ArcelorMittal <MT.AS> said on Wednesday it had signed a deal that would see a significant injection of Italian state funding into the Ilva steelworks and would suspend a bid to walk away from the troubled plant, which it took over in 2018.
ArcelorMittal and commissioners of the Ilva steelworks are set to sign a deal on Wednesday ending a four-month-old dispute over the future of the southern Italian plant, lawyers for both sides said,
ArcelorMittal <MT.AS> and commissioners of the Ilva steelworks in southern Italy have agreed to extend talks to the end of the month after making progress towards a possible deal to buy the plant, a lawyer for the company said on Friday.
ArcelorMittal <MT.AS>, the world's largest steelmaker, forecast increased demand and a drop in its debt levels this year after earnings beat forecasts at the end of 2019, lifting its shares.
An Italian court ruled on Tuesday that one of three blast furnaces at ArcelorMittal's <MT.AS> Ilva steel plant need not be shut down despite concerns it was in breach of safety rules, throwing a lifeline to the loss-making plant in southern Italy.
ArcelorMittal <MT.AS>, the world's largest steelmaker, has agreed to sell a 50% stake in its shipping business, the first step in its plan to offload $2 billion (1.5 billion pounds) of assets by the middle of 2021 to reduce its debt
ArcelorMittal <MT.AS> and commissioners of the Ilva steelworks have moved closer to a deal over the future of the ailing plant and have agreed to extend their talks, a lawyer representing the company said on Friday.
ArcelorMittal SA <MT.AS> said on Monday it had formed a joint venture with Nippon Steel Corp <5401.T> to run Essar Steel, the bankrupt Indian steel company that ArcelorMittal has taken over.
The world's biggest steelmaker ArcelorMittal <MT.AS> announced plans on Friday to cut emissions by 30% at its European operations by 2030, two days after the European Union laid out its program to be carbon neutral by 2050.
A lawyer representing ArcelorMittal <MT.AS> said on Wednesday the company hoped it could reach a deal with the Italian government over the Ilva plant, after the steelmaker tried to walk away from a 2018 deal to buy the site.
Steelmaker ArcelorMittal has agreed to immediately restart talks with the Italian government over the future of the Ilva plant, Prime Minister Giuseppe Conte said after a four-hour meeting with the company.
Italian police are searching ArcelorMittal's <MT.AS> offices in Milan and the southern city of Taranto in an investigation into the troubled Ilva steel plant, which the company wants to hand back to the government, ArcelorMittal said in a statement.
ArcelorMittal <MT.AS> is drafting a plan to re-commit to the 2018 deal, under which it bought the troubled Ilva steel plant in southern Italy, on three conditions, Il Messaggero daily reported on Monday.
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