ArcelorMittal announces the completion of its 85 million shares buyback program
Rhea-AI Summary
ArcelorMittal (MT) has successfully completed its 85 million shares buyback program, which was announced on May 5, 2023. The program, initially authorized by shareholders on May 2, 2023, and continued under the April 30, 2024 authorization, concluded by market close on April 1, 2025.
The company, a leading integrated steel and mining enterprise, operates in 60 countries with primary steelmaking facilities in 15 countries. In 2024, ArcelorMittal achieved:
- Revenue of $62.4 billion
- Crude steel production of 57.9 million metric tonnes
- Iron ore production of 42.4 million tonnes
As Europe's largest steel producer with significant presence in the Americas and growing operations in Asia through AM/NS India, ArcelorMittal serves diverse industries including automotive, engineering, construction, and machinery sectors.
Positive
- Completed 85 million shares buyback program, enhancing shareholder value
- Strong revenue generation of $62.4 billion in 2024
- Substantial production capacity with 57.9M tonnes of crude steel and 42.4M tonnes of iron ore
- Diverse global presence across 60 countries with operations in key markets
Negative
- None.
News Market Reaction
On the day this news was published, MT gained 0.28%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
2 April 2025, 10:30 CET
ArcelorMittal (the “Company”) today announces that it has completed the 85 million shares buyback program it announced on 5 May 2023 under the authorization given by the annual general meeting of shareholders of 2 May 2023 and continued under the 30 April 2024 annual general meeting of shareholders authorization.
By market close on 1 April 2025, ArcelorMittal had repurchased 85 million shares. All details are available on the Company’s website at: https://corporate.arcelormittal.com/investors/equity-investors/share-buyback-program.
ENDS
About ArcelorMittal
ArcelorMittal is one of the world’s leading integrated steel and mining companies with a presence in 60 countries and primary steelmaking operations in 15 countries. It is the largest steel producer in Europe, among the largest in the Americas, and has a growing presence in Asia through its joint venture AM/NS India. ArcelorMittal sells its products to a diverse range of customers including the automotive, engineering, construction and machinery industries, and in 2024 generated revenues of
Our purpose is to produce smarter steels for people and planet. Steels made using innovative processes which use less energy, emit significantly less carbon and reduce costs. Steels that are cleaner, stronger and reusable. Steels for the renewable energy infrastructure that will support societies as they transform through this century. With steel at our core, our inventive people and an entrepreneurial culture at heart, we will support the world in making that change.
ArcelorMittal is listed on the stock exchanges of New York (MT), Amsterdam (MT), Paris (MT), Luxembourg (MT) and on the Spanish stock exchanges of Barcelona, Bilbao, Madrid and Valencia (MTS).
http://corporate.arcelormittal.com/
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| Contact information ArcelorMittal Investor Relations | |
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| General | +44 20 7543 1128 |
| Retail | +44 20 3214 2893 |
| SRI | +44 20 3214 2801 |
| Bonds/Credit | +33 171 921 026 investor.relations@arcelormittal.com |
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| Contact information ArcelorMittal Corporate Communications | |
| Paul Weigh Tel: E-mail: | +44 20 3214 2419 press@arcelormittal.com |
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FAQ
How many shares did ArcelorMittal (MT) repurchase in its latest buyback program?
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When did ArcelorMittal (MT) announce its share buyback program?
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