Welcome to our dedicated page for Arcelormittal news (Ticker: MT), a resource for investors and traders seeking the latest updates and insights on Arcelormittal stock.
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.
ArcelorMittal has released its 2021 Integrated Annual Review, emphasizing its commitment to transparency and responsibility. The report highlights support for 26,000 employees in Ukraine, investments in safety culture improvements, and significant decarbonization initiatives totaling $5.6 billion across several countries. With a focus on sustainable growth, the company aims to double female leadership by 2030 and achieve net zero emissions by 2050. The review underscores ArcelorMittal's strong financial results, driven by strategic investments and a commitment to environmental and social responsibility.
ArcelorMittal has successfully completed its US$1 billion share buyback program, announced on February 11, 2022. As of April 25, 2022, the company repurchased 31,751,960 shares, totaling €910,760,633.77 (approximately US$1 billion) at an average price of €28.68 per share. This buyback aims to enhance shareholder value and reflects the company's strong financial position. ArcelorMittal, a leading steel and mining company, reported revenues of US$76.6 billion in 2021, with plans to support sustainable steel production.
On April 25, 2022, ArcelorMittal announced its first quarter 2022 EBITDA sell-side analysts’ consensus, highlighting an average EBITDA estimate of $4,566 million from 17 analysts. This consensus was compiled by Vuma Consensus, based on analysts who consistently follow the company. ArcelorMittal emphasized it does not influence these estimates, which are formed independently by coverage analysts from a group of approximately 15-20 brokers. The company’s performance metrics, including revenues of $76.6 billion in 2021, indicate strong market positioning.
ArcelorMittal has signed a deal to acquire an 80% stake in voestalpine's Hot Briquetted Iron (HBI) plant in Corpus Christi, Texas, valued at $1 billion. The plant, operational since 2016, produces 2 million tonnes of HBI annually, a critical feedstock for steel production. A long-term offtake agreement ensures supply to voestalpine's mills in Austria. This acquisition enhances ArcelorMittal's capabilities in producing high-quality metallic feedstock and supports its decarbonisation goals through sustainable hydrogen-based production.
ArcelorMittal has released its statutory financial statements for the year ending 31 December 2021. The documents are available on the Luxembourg Stock Exchange's electronic database and ArcelorMittal's corporate website. In 2021, the company reported $76.6 billion in revenues and produced 69.1 million metric tonnes of crude steel, along with 50.9 million metric tonnes of iron ore. The company emphasizes its commitment to developing innovative steel solutions that are sustainable and support the transition to greener energy.
ArcelorMittal announces the convening notice for its Annual and Extraordinary General Meetings on May 4, 2022. Due to Covid-19, the meetings will be held virtually, allowing shareholders to vote electronically or by proxy. Shareholders must be on the record as of April 20, 2022, to participate. A virtual Q&A session is scheduled for the same day at 14:00 CET. Meeting documentation, including the Annual Report 2021, will be available on the company's website.
ArcelorMittal has made a notification regarding a share transaction by a Designated Person, in compliance with EU Market Abuse Regulations. This notification is accessible via the Luxembourg Stock Exchange’s OAM database and ArcelorMittal's website. In 2021, the company reported revenues of $76.6 billion and crude steel production of 69.1 million metric tonnes. ArcelorMittal aims to innovate with cleaner, stronger steels while focusing on electric vehicles and renewable energy infrastructure.
On March 22, 2022, ArcelorMittal disclosed a share transaction by a Designated Person in compliance with the Market Abuse Regulations. This notification is accessible via the Luxembourg Stock Exchange and ArcelorMittal’s website. The company is a leading global steel and mining firm, reporting revenues of $76.6 billion and crude steel production of 69.1 million metric tonnes in 2021. ArcelorMittal aims to innovate environmentally friendly steel manufacturing processes to support future infrastructure and vehicle needs.
ArcelorMittal has partnered with Greenko Group to develop a 975 MW renewable energy project in India, combining solar and wind energy supported by hydro pumped storage. The $0.6 billion project will supply 250 MW of uninterrupted renewable power annually to AM/NS India under a 25-year off-take agreement, reducing carbon emissions by 1.5 million tonnes per year. This initiative aims to lower electricity costs and enhance returns on investment, with project commissioning expected by mid-2024.
On March 16, 2022, ArcelorMittal announced it received a shareholding notification from BlackRock Inc., indicating a drop in voting rights to below 5% as of March 15, 2022. This notification complies with Luxembourg's Transparency Law regarding shareholding thresholds. The notification is accessible via the Luxembourg Stock Exchange and the company’s website. ArcelorMittal is a leading global steel and mining company, reporting revenues of $76.6 billion in 2021, with significant production metrics in steel and iron ore.