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.
On February 4, 2022, French Prime Minister Jean Castex announced government support for ArcelorMittal’s €1.7 billion decarbonisation program in France. This initiative aims to reduce CO2 emissions by 40% (7.8 million tonnes/year) by 2030. Key investments include constructing an Electric Arc Furnace in Fos-sur-Mer and a Direct Reduction of Iron unit in Dunkirk. These facilities will gradually replace existing blast furnaces by 2030. The project is expected to bolster employment and align with France’s climate goals, contributing to carbon neutrality by 2050.
ArcelorMittal has released its fourth quarter 2021 EBITDA estimates based on consensus figures from 16 sell-side analysts. The consensus EBITDA for Q4 2021 is projected at $4,949 million, while the full year 2021 estimate stands at $19,360 million. These figures were compiled by Vuma Financial Services and reflect the predictions of a group of approximately 15-20 financial brokers covering the company. ArcelorMittal does not influence these estimates, which are based on independent analyst evaluations.
On January 26, 2022, ArcelorMittal notified that it received a shareholding notification from Société Générale SA. The notification indicates that Société Générale SA reached a threshold of 4.88% of potential voting rights as of January 21, 2022. This information is crucial for investors as it reflects changes in shareholding that may impact stock performance. The notification complies with the Transparency Law in Luxembourg regarding issuers of securities. Further details are available on the company’s website and the Luxembourg Stock Exchange’s OAM database.
On January 25, 2022, ArcelorMittal announced a US$5 million investment in H2Pro through its XCarb™ innovation fund, raising total commitments to US$180 million since March 2021. This investment is part of H2Pro's US$75 million Series B fundraising, aimed at developing a new hydrogen production technology with over 95% energy efficiency. H2Pro aims to produce hydrogen at costs below US$2/kg by 2023 and under US$1/kg by 2030. This marks the fifth investment by ArcelorMittal through its innovation fund, enhancing its commitment to sustainable energy solutions in steelmaking.
On January 19, 2022, ArcelorMittal announced it received a shareholding notification from BlackRock Inc., indicating that BlackRock's voting rights reached 5.24% on January 18, 2022. This notification is part of compliance with Luxembourg's transparency laws regarding significant shareholdings. The relevant details are accessible through the Luxembourg Stock Exchange and ArcelorMittal's corporate website. ArcelorMittal is a leading global steel and mining company with operations in 60 countries and significant revenue and production metrics from previous years.
ArcelorMittal has cancelled 45 million treasury shares to maintain appropriate levels, following a US$1 billion share buyback completed on December 28, 2021. Post-cancellation, the total shares outstanding has decreased to 937,809,772 from 982,809,772. This action aligns with the company’s efforts to manage its capital effectively. Further details on share buyback programs can be found on the company’s website and the Luxembourg Stock Exchange’s electronic database.
On January 10, 2022, ArcelorMittal announced the availability of a shareholding notification in the Luxembourg Stock Exchange’s OAM electronic database, in compliance with the Transparency Law. This notification is accessible on the Company’s website and signals adherence to the amended Luxembourg law on transparency requirements for issuers of securities. ArcelorMittal, the leading global steel and mining company, operates in 60 countries and generated revenues of $53.3 billion in 2020, underscoring its significant industry presence.
On December 29, 2021, ArcelorMittal received shareholding notifications from Société Générale SA. The notifications indicate that Société Générale crossed the 5% voting rights threshold, reporting 4.98% on December 24 and 5.04% on December 27. This announcement complies with Luxembourg's Transparency Law regarding shareholding notifications. The information is accessible through the Luxembourg Stock Exchange and ArcelorMittal’s website. As a leading steel and mining company, ArcelorMittal continues to focus on sustainable practices and innovative steel production.
ArcelorMittal has disclosed a share transaction involving a Designated Person, available on the Luxembourg Stock Exchange and its corporate website. This transaction is tied to a share buyback program announced on 17 November 2021. A significant shareholder has agreed to sell shares to maintain their voting rights at 36.34% in the company's capital. For more information on the share buyback, visit ArcelorMittal’s investor section.
ArcelorMittal has successfully completed its fifth share buyback program, first announced on 17 November 2021. As of market close on 28 December 2021, the company repurchased 34,080,049 shares at a total cost of €885.73 million (approximately US$1 billion), averaging €25.99 per share. This buyback program is part of the company's strategy to enhance shareholder value under the 2021 AGM Authorization approved on 8 June 2021. Further details can be found on ArcelorMittal's investor relations website.