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ArcelorMittal SA

MT.AS

Latest Trade

14.77EUR

Change

0.11(+0.72%)

Volume

7,004,123

Today's Range

14.71

 - 

15.04

52 Week Range

11.20

 - 

22.22

As of on the Euronext Amsterdam Stock Exchange ∙ Minimum 15 minute delay

Latest Developments

ArcelorMittal: Indian Supreme Court Approves Acquisition Of Essar Steel

Nov 18 (Reuters) - ArcelorMittal SA <MT.AS>::INDIAN SUPREME COURT APPROVES ARCELORMITTAL’S ACQUISITION OF ESSAR STEEL.COMPLETION OF TRANSACTION IS NOW EXPECTED BEFORE END OF YEAR.AFTER COMPLETION, ARCELORMITTAL WILL JOINTLY OWN AND OPERATE ESIL IN PARTNERSHIP WITH NIPPON STEEL CORPORATION.

Arcelormittal Q3 EBITDA Down At $1.1 Bln

Nov 7 (Reuters) - ArcelorMittal SA <MT.AS>::ARCELORMITTAL REPORTS Q3 2019 AND NINE MONTHS 2019 RESULTS.Q3 LOSS PER SHARE $0.53.Q3 SALES $16.6 BLN VS $18.5 BLN.OPERATING INCOME OF $0.3 BLN IN Q3 2019 VS OPERATING LOSS OF $0.2 BLN IN Q2 2019.EBITDA OF $1.1 BLN IN Q3 2019, 31.6% LOWER VS $1.6 BLN IN Q2 2019.NET LOSS OF $0.5 BLN IN Q3 2019 VS NET LOSS OF $0.4 BLN IN Q2 2019.Q3 2019 IRON ORE SHIPMENTS OF 14.6 MT (+2.7% YOY), OF WHICH 8.4 MT SHIPPED AT MARKET PRICES (-1.5% YOY).GROSS DEBT OF $14.3 BLN AS OF SEPT 30, 2019 VS $13.8 BLN AS OF JUNE 30, 2019.Q3 EBITDA/TONNE 53 $/T VS 133 $/T YEAR AGO.Q3 CRUDE STEEL PRODUCTION 22.2 MT VS 23.3 MT YR AGO.Q3 OWN IRON ORE PRODUCTION 13.6 MT VS 14.5 MT YR AGO.STEEL SHIPMENTS OF 20.2 MT IN 3Q 2019, 7.3% BELOW Q2 2019 ON COMPARABLE BASIS (I.E EXCLUDING SCOPE EFFECT OF REMEDY ASSETS) LARGELY REFLECTING SEASONALITY.Q3 IRON ORE SHIPPED AT MARKET PRICE 8.4 MT VS 8.5 MT YR AGO.EXPECTS GLOBAL APPARENT STEEL CONSUMPTION ("ASC") TO GROW IN 2019 BY BETWEEN +0.5% TO +1.0%.WE CONTINUE TO EXPECT SUBSTANTIAL WORKING CAPITAL RELEASE IN THE FOURTH QUARTER WHICH SHOULD ENABLE US TO FURTHER REDUCE NET DEBT YEAR ON YEAR - CEO.TO CONTINUE TO PRIORITIZE DELEVERAGING AND BELIEVES THAT $7 BILLION (INCLUDING IMPACT OF IFRS 16) IS APPROPRIATE NET DEBT TARGET.WE REMAIN FOCUSED ON OUR OWN INITIATIVES TO IMPROVE PERFORMANCE AND OUR PRIORITY IS TO REDUCE COSTS, ADAPT PRODUCTION AND FOCUS ON ENSURING THE BUSINESS REMAINS CASH FLOW POSITIVE - CEO.

AM InvestCo Italy Ends Lease And Purchase Agreement For Ilva Business

Nov 4 (Reuters) - ARCELORMITTAL SA <MT.AS>::AM INVESTCO ITALY SENDS WITHDRAWAL AND TERMINATION NOTICE FROM THE LEASE AND PURCHASE AGREEMENT FOR ILVA BUSINESS.SAYS ITALIAN PARLIAMENT HAS REMOVED LEGAL PROTECTION NECESSARY FOR COMPANY TO IMPLEMENT ITS ENVIRONMENTAL PLAN WITHOUT RISK OF CRIMINAL LIABILITY, THUS JUSTIFYING WITHDRAWAL NOTICE.DECISIONS ISSUED BY CRIMINAL COURT OF TARANTO BIND ILVA EXTRAORDINARY COMMISSIONERS TO COMPLETE CERTAIN PRESCRIPTIONS BY 13 DECEMBER 2019.COMPANY HAS ASKED EXTRAORDINARY COMMISSIONERS TO TAKE RESPONSIBILITY FOR ILVA'S OPERATIONS AND EMPLOYEES WITHIN 30 DAYS FROM RECEIPT OF NOTICE OF WITHDRAWAL AND TERMINATION.SAYS FURNACE NUMBER 2 SHUTDOWN WOULD MAKE IT IMPOSSIBLE FOR COMPANY TO IMPLEMENT ITS INDUSTRIAL PLAN, OPERATE TARANTO PLANT AND, GENERALLY, PERFORM AGREEMENT.OTHER SERIOUS OCCURRENCES ALSO LEDS TO A SITUATION OF LEGAL, OPERATIONAL UNCERTAINTY THAT HAS FURTHER SIGNIFICANTLY IMPAIRED ABILITY TO CARRY OUT NECESSARY OPERATIONS AT ILVA AND OPERATE TARANTO PLAN.

Arcelormittal Files For Withdrawal From Contract Purchase Of Ilva

Nov 4 (Reuters) - :ARCELORMITTAL SAYS SENT COMMUNICATION OF WITHDRAWAL FROM CONTRACT PURCHASE ILVA TO COMMISSARIES.ARCELORMITTAL SAYS HAS REQUESTED ILVA COMMISSIONARIES TO ASSUME RESPONSIBILITY FOR TRANSACTIONS AND EMPLOYEES WITHIN 30 DAYS OF RECEIPT OF RETURN PURCHASE NOTICE.

Ak Steel Enters Licensing Agreement Involving Its Ultralume Phs Steel Product

Oct 28 (Reuters) - AK Steel Holding Corp <AKS.N>::AK STEEL ENTERS LICENSING AGREEMENT INVOLVING ITS ULTRALUME® PHS HIGH STRENGTH, HIGH FORMABILITY STEEL PRODUCT.AK STEEL HOLDING - UNDER AGREEMENT WITH ARCELORMITTAL, CO HAS FULL RIGHTS TO MANUFACTURE AND SELL ITS ULTRALUME PHS PRODUCT FOR HOT STAMPING.AK STEEL - AGREEMENT IS PART OF SETTLEMENT OF PATENT INFRINGEMENT CASE THAT HAS BEEN PENDING IN FEDERAL DISTRICT COURT BETWEEN CO, ARCELORMITTAL.AK STEEL- WILL BE SOLE LICENSEE, ALONG WITH LICENSOR'S UNITS, ALLOWED TO PRODUCE ALUMINIZED BORON PRESS HARDENABLE STEEL IN U.S., CANADA OR MEXICO.AK STEEL HOLDING CORP - EXPECTS TO "SIGNIFICANTLY EXPAND" ITS SALES OF ULTRALUME PHS PRODUCT AS A RESULT OF DISPUTE BEING RESOLVED.

Air Liquide Partners With Arcelormittal To Pilot Carbon Recycling Project

Oct 17 (Reuters) - Air Liquide <AIRP.PA>::AIR LIQUIDE PARTNERS WITH ARCELORMITTAL IN PILOT PROJECT TO CAPTURE AND RECYCLE CARBON.PLANT IS PLANNED TO BECOME OPERATIONAL AT END OF 2020.ARCELORMITTAL PLANT EXPECTED TO PRODUCE 80 MILLION LITRES OF BIOETHANOL ANNUALLY.CONSTRUCTION OF FACILITY IS UNDERWAY AT ARCELORMITTAL SITE IN GHENT BELGIUM.PROJECT IS LED BY ARCELORMITTAL TOGETHER WITH ITS PARTNER LANZATECH, AND SUPPORTED BY EU HORIZON 2020.

Mcbride Appoints Ludwig De Mot As CEO

Oct 4 (Reuters) - McBride PLC <MCB.L>::APPOINTMENT OF CEO AND CHAIRMAN SUCCESSION.APPOINTMENT OF LUDWIG DE MOT AS CHIEF EXECUTIVE OFFICER..LUDWIG DE MOT WILL JOIN BOARD OF MCBRIDE PLC ON 1 NOVEMBER 2019 AND WILL ALSO JOIN NOMINATION COMMITTEE.WITH EFFECT FROM LUDWIG'S COMMENCEMENT DATE, CHRIS SMITH, CURRENTLY INTERIM CEO, WILL RESUME HIS ROLE AS CFO.LUDWIG JOINS FROM ARCELORMITTAL WHERE HE SERVED AS PRESIDENT AND CHIEF EXECUTIVE OFFICER OF ITS CANADIAN MINING OPERATIONS.JOHN COLEMAN DECIDED NOT TO SEEK RE-ELECTION AT AGM ON 22 OCTOBER 2019 AND WILL STAND DOWN AS DIRECTOR AND CHAIRMAN FOLLOWING AGM.

ArcelorMittal H1 Net Result Swings To Loss Of $0.45 Bln

Aug 1 (Reuters) - ARCELORMITTAL SA <MT.AS>::ARCELORMITTAL REPORTS SECOND QUARTER 2019 AND HALF YEAR 2019 RESULTS.Q2 LOSS PER SHARE $0.44.HEALTH AND SAFETY: LTIF RATE(2) OF 1.26X IN 2Q 2019 AND 1.19X IN 1H 2019.OPERATING LOSS OF $0.2BN IN 2Q 2019 INCLUDING $0.9BN OF IMPAIRMENTS.EBITDA OF $1.6BN IN 2Q 2019.NET LOSS OF $0.45 BLN IN 2Q 2019 VS NET PROFIT OF $1.87 BLN YR AGO.COMPANY NOW EXPECTS GLOBAL STEEL DEMAND IN 2019 TO GROW +0.5% TO +1.5% (EX-CHINA STEEL DEMAND GROWTH OF +0.5% TO +1.0%.STEEL SHIPMENTS OF 22.8MT IN 2Q 2019, UP 4.3% VERSUS. 1Q 2019.NET DEBT DECREASED BY $1.0BN DURING QUARTER TO $10.2BN AS OF JUNE 30, 2019,.Q2 CRUDE STEEL PRODUCTION 23.8 MT VERSUS 23.2 MT YEAR AGO.Q2 OWN IRON ORE PRODUCTION 14.6 MT VERSUS 14.5 MT YEAR AGO.STEEL SHIPMENTS ARE STILL EXPECTED TO INCREASE YOY, WHICH SHOULD PROVIDE SUPPORT FOR GROUP'S ACTION 2020 PROGRAM.Q2 IRON ORE SHIPPED AT MARKET PRICE 9.9 MT VERSUS 10.0 MT YEAR AGO.H1 PROFITABILITY OF OUR STEEL SEGMENTS SUFFERING DUE TO LOWER STEEL PRICES COMBINED WITH HIGHER RAW MATERIAL COSTS.SALES FOR 1H 2019 DECREASED BY 1.8% TO $38.5 BILLION.GROUP'S STEEL SHIPMENTS ARE EXPECTED TO INCREASE IN 2019 VERSUS 2018.

India's Top Court Stays Appeals Court Order On Essar Steel Insolvency Case -TV

July 22 (Reuters) - :INDIA'S TOP COURT PUTS ESSAR STEEL'S SALE TO ARCELORMITTAL ON HOLD - ET NOW, CITING AGENCIES.INDIA'S TOP COURT PUTS A STAY ON APPEALS COURT ORDER ON ESSAR STEEL INSOLVENCY CASE; NEXT HEARING ON AUG 7 - TV.ARCELORMITTAL HAD WON THE BID TO ACQUIRE ESSAR STEEL FOR $6 BLN nL4N2452G3nL3N20V363.

Arcelormittal Announces Pricing Of Bond Issue

July 12 (Reuters) - ARCELORMITTAL SA <MT.AS>::REG-ARCELORMITTAL ANNOUNCES PRICING OF BOND ISSUE.COMPLETES PRICING OF ITS OFFERING OF US$750 MILLION AGGREGATE PRINCIPAL AMOUNT OF ITS 3.6% NOTES DUE 2024.COMPLETES PRICING OF ITS OFFERING OF US$500 MILLION AGGREGATE PRINCIPAL AMOUNT OF ITS 4.25% NOTES DUE 2029.PROCEEDS AMOUNTING TO APPROXIMATELY $1.2 BILLION, WILL BE USED FOR GENERAL CORPORATE PURPOSES.

Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.

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