ArcelorMittal reports news on its integrated steel and mining operations, including quarterly results, steel shipments, iron ore production, working capital, debt and capital allocation. Company updates also cover regional steel-market conditions, operating capacity, electric-arc furnace investments, and product demand from automotive, engineering, construction, machinery and packaging customers.
Recurring corporate news includes Annual General Meeting and Extraordinary General Meeting materials, dividend actions, share buybacks and share cancellations, director elections, statutory financial statements, Form 20-F annual reporting, sustainability reporting, safety transformation, decarbonisation initiatives, analyst-consensus publications and designated-person share-transaction notifications under EU market abuse rules.
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ArcelorMittal has released its 2022 integrated annual review, showcasing its commitment to transparent reporting. The review outlines the company’s performance, strategic priorities, and future objectives amidst a complex global backdrop. Key highlights include a focus on safety, energy efficiency, and sustainability practices in steel production. Notable updates include new climate scenario analyses aligning with the Task Force on Climate-related Financial Disclosures (TCFD) and proactive safety indicators. The company achieved an EBITDA of $14.2 billion and reduced net debt to $2.2 billion. CEO Aditya Mittal emphasized the importance of transitioning to low-carbon steel and maintaining safety standards as the company aims to lead in decarbonization efforts.
ArcelorMittal has released its first quarter 2023 sell-side analysts’ consensus figures. The figures, based on estimates from approximately 15 brokers, include an estimated EBITDA of $1,638 million, net income of $694 million, and earnings per share of $0.82. A total of 11 brokers participated in compiling these estimates through Visible Alpha, an independent web-based tool. ArcelorMittal clarifies that it does not influence these estimates and accepts no responsibility for their accuracy. Additionally, the company has provided updates on its share buyback program on its website, reflecting ongoing efforts to manage shareholder returns. For 2022, ArcelorMittal reported revenues of $79.8 billion with a crude steel production of 59 million metric tonnes.