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Mcbride Appoints Ludwig De Mot As CEO
ArcelorMittal H1 Net Result Swings To Loss Of $0.45 Bln
India's Top Court Stays Appeals Court Order On Essar Steel Insolvency Case -TV
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, Group Chief Financial Officer, Member of the Executive Board, Member of the Management Committee, Chief Executive Officer ArcelorMittal Europe
B 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's South Africa unit said on Wednesday it may close some operations pending a review as it looks to strengthen its long-term sustainability and battle cheap imports, rising costs and a flagging local economy.
Ukraine's state tax service on Wednesday said no decisions had been made about a probe into ArcelorMittal <MT.AS> taxes, dismissing comments by one of its own officials who had said the steelmaker owed the state 9 billion hryvnias ($355 million).
Steelmaker ArcelorMittal owes 9 billion hyrvnias ($355 million) to Ukrainian authorities, Interfax Ukraine reported on Wednesday, citing the head of the government's large taxpayers' office following an investigation.
ArcelorMittal <MT.AS> will postpone the redundancy of 300 out of 800 workers at its iron ore mines in Bosnia while seeking to resolve outstanding issues with a regional government there, the company said on Friday.
ArcelorMittal said a fire that broke out at its steel plant in the Polish city of Krakow on Thursday has been extinguished but the blast furnace would be shut down for two to three days to check for damage.
ArcelorMittal's <MT.AS> Ukrainian steel mill, charged with violating environmental standards, will invest $1.8 billion (£1.4 billion) over the next five years to reduce air emissions by 50-55 percent, the company said on Thursday.
Italy's ruling coalition is set to offer ArcelorMittal <MT.AS>, the world's largest steelmaker, legal guarantees to ensure that it does not shut down the Ilva plant it bought last year, a government source told Reuters on Wednesday.
ArcelorMittal <MT.AS>, the world's largest steelmaker, is confident that the Ilva operations it bought last year in Italy will not have to shut after the firm lost immunity over the plant's pollution, an executive said on Thursday.
The world's biggest steelmaker ArcelorMittal <MT.AS> cut its forecast for global steel demand, with a sharper reduction now envisaged in Europe due to a lean automotive market.
ArcelorMittal's <MT.AS> Ukrainian steel mill will lose $1 million (£803,664.7) this month after a key piece of steelmaking equipment was seized following a security service investigation, the plant's acting head Oleksandr Ivanov said on Tuesday.
The acting head of Arcelormittal's Ukraine plant Oleksandr Ivanov said on Tuesday the mill is expected to lose $1 million in July due to an investigation by the Ukrainian security services.
Ukraine's security service said on Monday a search at ArcelorMittal's steel mill in Kryvyi Rih was not an attempt to put pressure on the company.
Ukraine's security service's acting chief Ivan Bakanov said on Monday that a search at ArcelorMittal's mill in Kryvyi Rih was not an attempt to put pressure on the company.
ArcelorMittal said it had received an order from prosecutors in the southern Italian town of Taranto to switch off furnace no. 2 at the ILVA plant which it bought in a rescue deal last year.
The South African arm of steelmaker ArcelorMittal <ACLJ.J> expects to plunge to a first-half loss and cut more than 2,000 jobs as it struggles with cheap imports, rising costs and a flagging local economy, it warned on Wednesday.
ArcelorMittal's South Africa unit said on Wednesday it was considering a large-scale restructuring expected to affect more than 2,000 jobs, after warning its headline earnings for the first half of the year would fall by at least 650 million rand ($45.78 million).
The Brazilian unit of steel group ArcelorMittal moved 30 families from their houses near its Serra Azul mine in the town of Itatiaiuçu, Minas Gerais state, as a precautionary action after it ran a new risk evaluation of a dam close to the mine.
An Indian court rejected on Thursday a petition challenging ArcelorMittal SA's proposed takeover of debt-ridden Essar Steel, removing a hurdle in billionaire Lakshmi Mittal's entry into the country's fast-growing steel market.
An Indian court on Thursday rejected a petition challenging ArcelorMittal SA's proposed takeover of debt-ridden Essar Steel, removing a hurdle in billionaire Lakshmi Mittal's entry into the country's fast-growing steel market.
Italy's industry minister has accused two big companies - transport group Atlantia and steelmaker ArcelorMittal - of trying to blackmail the government, escalating a war of words which big business says could scare investors.
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