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 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.
ArcelorMittal is investing over €300 million, backed by the French government, to establish a new production unit for electrical steels at its Mardyck site in northern France. This project will create 100+ jobs and is set to enhance the production capacity for electric vehicle engines. The facility, with a capacity of 200,000 tonnes, aims to support France's electromobility sector and align with EU CO2 emission reduction goals. The new unit will commence operations in 2024, reinforcing ArcelorMittal's commitment to sustainable steel production.
ArcelorMittal has released its annual report for the year ending December 31, 2021, now available on the Luxembourg Stock Exchange's electronic database and their corporate website. In 2021, the company achieved revenues of $76.6 billion and produced 69.1 million metric tonnes of crude steel, alongside 50.9 million metric tonnes of iron ore. ArcelorMittal emphasizes its commitment to sustainability, aiming to develop innovative and cleaner steel production processes catering to electric vehicles and renewable energy infrastructures.
ArcelorMittal has submitted its Annual Report 2021 on Form 20-F to the U.S. SEC, now accessible online. The report features audited financial statements detailing a revenue of $76.6 billion and crude steel production of 69.1 million metric tonnes. Shareholders can request a hard copy free of charge. The company aims to advance sustainable steel production to support renewable energy and electric vehicles, asserting its position as a leading steel and mining entity operating across 60 countries.
ArcelorMittal has decided to idle its steelmaking operations in Kryvyi Rih, Ukraine, for the safety of its personnel amidst ongoing tensions. The facility had already reduced production to one-third of its normal capacity. The idling process will take 7 to 10 days to ensure asset integrity. ArcelorMittal expresses deep concern for the situation in Ukraine and the safety of its employees.
In 2021, ArcelorMittal reported revenues of $76.6 billion, with crude steel production at 69.1 million metric tonnes, and iron ore production reaching 50.9 million metric tonnes.
On February 28, 2022, ArcelorMittal announced a share transaction concerning its buyback program. A Designated Person, connected to the company, has notified the Luxembourg Stock Exchange of a share sale to maintain its significant shareholder's voting rights at 36.34%. This initiative is part of the broader share buyback program initiated on February 11, 2022. Additional details regarding this program can be accessed on ArcelorMittal's website.