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 (MT) news covers a broad range of topics reflecting its role as a global integrated steel and mining company. With a presence in 60 countries and primary steelmaking operations in more than a dozen countries, the company regularly publishes updates on its operating performance, regional segments, capital structure and strategic projects. As the largest steel producer in Europe and among the largest in the Americas, ArcelorMittal’s announcements are closely followed by investors and industry participants.
On this page, readers can find earnings and results releases, including quarterly and half-year reports that detail sales, EBITDA, crude steel production, steel shipments and iron ore production across segments such as North America, Brazil, Europe, Sustainable Solutions and Mining. The company also releases information on its financial calendar, outlining planned dates for future earnings announcements and its Annual General Meeting of shareholders.
ArcelorMittal news also includes strategic and sustainability-related updates. Recent press releases describe the expansion of its renewable energy portfolio, with new solar and wind projects in India designed to supply clean electricity to AMNS India and deliver CO2 savings, as well as renewable projects in Brazil and Argentina. Other items cover corporate transactions, such as the completion of the sale of its Bosnia steel and mining operations, and capital markets activity like the issuance of euro-denominated notes under its Euro Medium Term Notes programme.
Governance and regulatory communications form another important category, including notifications of share transactions by designated persons and information on share buyback and treasury share cancellation. By following ArcelorMittal news, users can track developments in its steel and mining operations, energy transition initiatives, regional strategies and capital markets actions over time.
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ArcelorMittal has released the second quarter 2021 EBITDA consensus estimates, indicating a projected EBITDA of $4,668 million based on the aggregated forecasts of approximately 15-20 analysts. This data is compiled by Vuma Financial Services, an independent firm that tracks estimates from sell-side analysts. It’s important to note that ArcelorMittal did not influence these estimates and holds no responsibility for their accuracy. The consensus provides insights from various brokers including Barclays and Goldman Sachs among others.
ArcelorMittal has announced plans for its Sestao plant in Spain to become the world’s first full-scale zero carbon-emissions steel plant by 2025. This initiative includes a €1 billion investment for a green hydrogen direct reduced iron (DRI) plant in Gijón and a new hybrid electric arc furnace (EAF). The Sestao facility aims to produce 1.6 million tonnes of zero carbon-emissions steel by using recycled scrap and renewable electricity, while introducing emerging technologies to minimize fossil fuel reliance.
ArcelorMittal has signed a €1 billion memorandum of understanding with the Spanish Government to fund decarbonisation technologies at its Gijón plant. This initiative aims to reduce CO2 emissions by 4.8 million tonnes, or about 50%, over five years. The project includes a 2.3 million-tonne green hydrogen DRI unit and a 1.1 million-tonne hybrid EAF, expected to be operational by 2025. This will make ArcelorMittal's Sestao plant the first full-scale zero carbon-emissions steel plant globally. The plan's success depends on affordable hydrogen and government support.
ArcelorMittal has successfully completed its third share buyback program, as announced on July 7, 2021. The program, initiated on June 18, 2021, involved the repurchase of 24,458,524 shares at a total cost of approximately €630.36 million (or US$750 million), with an average price per share of €25.77. This strategic move aims to enhance shareholder value and reflects the company's confidence in its financial position. For more details, visit the company's website.
ArcelorMittal announced a share transaction in compliance with EU Market Abuse Regulations on July 7, 2021. This transaction is associated with the company's share buyback program initiated on June 18, 2021. A significant shareholder has agreed to sell shares to maintain their voting rights at 36.34%. Details of the transaction and buyback program can be accessed on the Luxembourg Stock Exchange's database and ArcelorMittal's website under the Investors section.
ArcelorMittal announces a share transaction notification for a Designated Person, available on the Luxembourg Stock Exchange and its website. This transaction relates to the share buyback program initiated on 18 June 2021. A significant shareholder has entered into a share repurchase agreement to maintain their voting rights in ArcelorMittal’s share capital at 36.34%. Additional details regarding the buyback program can also be found on the company's investor page.
ArcelorMittal has announced a notification of a share transaction by a Designated Person, available on the Luxembourg Stock Exchange's electronic database. This transaction relates to ArcelorMittal's share buyback program detailed on June 18, 2021. A significant shareholder has entered into a repurchase agreement, ensuring their voting rights remain at 36.34%. More information about the program can be found on ArcelorMittal's website under the Investors section.
ArcelorMittal has released its 2020 report on Payments to Governments regarding its mining sector. This report details the financial contributions made to governments and complies with Luxembourg law. In 2020, ArcelorMittal generated revenues of $53.3 billion and produced 71.5 million metric tonnes of crude steel. The company aims to innovate in steel production, emphasizing sustainability and efficiency. The full report can be accessed through the company's website.
On June 29, 2021, ArcelorMittal announced a share transaction by a Designated Person under Market Abuse Regulations. This transaction is linked to the company's share buyback program initiated on June 18, 2021. The Significant Shareholder entered into a share repurchase agreement to retain a voting rights level of 36.34% in ArcelorMittal's share capital. Further details on the buyback program are accessible on the company’s website and the Luxembourg Stock Exchange’s database.